Retired homeowners have seen their property wealth grow by more than £12.5bn in the past three months.
Analysis from over-55s financial specialist Key Retirement shows that house price growth earned the average pensioner nearly £900 a month during the period.
Pensioners who own their homes outright have gained an average of £2,680 each from their houses in the past three months taking their property wealth to a new record high.
In the five years since Key started monitoring the housing wealth of the over-65s, in January 2010, total pensioner property wealth has increased by 12% or £93.85bn which equates to £20,000 on average for every homeowner.
Its Pensioner Property Index shows over-65 homeowners now own property wealth of £873.77bn outright with pensioners across almost all of the UK benefiting.
Retired homeowners in London were the biggest winners gaining an average of around £16,260 each in the past three months, while homeowners in Scotland are more than £8,650 better off and pensioners in Yorkshire & Humberside are £4,063 better off.
However retired homeowners in Wales saw a fall in housing wealth with average losses of £2,230 in the three months while the North West and West Midlands also saw house price falls.
