Regional Equity Release Statistics

2016 (Full year)

Region	Average Age	Total Amount Released	Average Property Value	Average Total Facility
East Anglia	72	£35,594,175	£260,151	£74,705
East Midlands	72	£30,006,439	£220,065	£58,345
London	72	£108,718,892	£625,091	£157,750
North	72	£9,430,129	£191,510	£53,527
North West	72	£31,784,527	£204,079	£55,058
Northern Ireland	72	£2,455,419	£195,805	£50,814
Scotland	71	£21,368,645	£190,820	£51,884
South East	72	£165,452,149	£495,975	£97,879
South West	71	£59,363,983	£289,804	£77,201
Wales	72	£16,445,666	£211,432	£53,826
West Midlands	72	£29,259,297	£223,952	£60,345
Yorkshire & Humberside	72	£21,848,554	£199,673	£57,745
Total	72	£531,727,876	£345,397	£82,441

Key facts

These regional values are largely a reflection on the North/South divide in property prices. Unsurprisingly, the highest overall totals of equity release released in 2016 remained in the South East regions, with both London and the rest of the area both topping over £100m, with the rest of the South East hitting just over £165m. London also saw the highest average total facility out of all regions.

Out of the rest of the UK, the lower house prices in the North resulted in property values and total facilities of those taking out equity release up to a less than a third of that of the capital.

2017 (Half year)

Region	Average Age	Total Amount Released	Average Property Value	Average Total Facility
East Anglia	72	£18,860,022	£253,009	£69,963
East Midlands	71	£18,811,654	£236,796	£65,293
London	71	£54,485,473	£575,848	£150,783
North	71	£5,704,561	£185,514	£53,420
North West	71	£19,438,060	£209,322	£59,894
Northern Ireland	73	£1,784,180	£189,973	£54,055
Scotland	72	£11,426,086	£177,458	£50,003
South East	72	£96,663,863	£389,540	£102,924
South West	71	£38,918,562	£305,183	£85,745
Wales	71	£9,350,385	£201,277	£58,379
West Midlands	71	£16,569,498	£228,717	£65,369
Yorkshire & Humberside	71	£13,798,132	£211,033	£58,703
Total	71	£305,810,476	£314,612	£85,247

Key facts

Our latest regional statistics show that the average age of equity release has dropped slightly in the first half year of 2017. This drop is accompanied however by a notable 3.4% increase in the average total facility.

Year-on-year comparison

Region	Average Property Value - 2015	Average Property Value - 2016	YOY +/-	Average Total Facility - 2015	Average Total Facility - 2016	YOY +/-
East Anglia	£232,732	£260,151	+11.8%	£68,604	£74,705	+8.9%
East Midlands	£201,267	£220,065	+9.3%	£58,959	£58,345	-1.1%
London	£578,671	£625,091	+8.0%	£156,895	£157,750	+0.5%
North	£175,616	£191,510	+9.1%	£52,729	£53,527	+1.5%
North West	£187,779	£204,079	+8.7%	£53,273	£55,058	+3.4%
Northern Ireland	£167,499	£195,805	+16.6%	£41,739	£50,814	+21.7%
Scotland	£167,933	£190,820	+13.6%	£49,773	£51,884	+4.2%
South East	£329,167	£495,975	+50.7%	£93,371	£97,879	+4.8%
South West	£267,773	£289,804	+8.2%	£76,528	£77,201	+0.9%
Wales	£198,485	£211,432	+6.5%	£55,205	£53,826	-2.5%
West Midlands	£204,212	£223,952	+9.7%	£55,736	£60,345	+9.3%
Yorkshire & Humberside	£180,811	£199,673	+10.4%	£50,809	£57,745	+13.7%
Total/Average	£274,770	£345,397	+25.7%	£68,604	£82,441	+20.2%

Key facts

Key’s statistics highlight some interesting facts about differing patterns in equity release between regions. Whilst all areas in the South increased their total amount released, the North and Scotland showed a decrease.

Despite this, total facility released across all regions was up with the exception of the East Midlands, which was down fractionally by 0.1%.

Note - All stats taken from 2016 Key customer data

Equity release statistics by region

2016 (Full year)

Key facts

2017 (Half year)

Key facts

Year-on-year comparison

Key facts

Equity Release

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