Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion.

This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than triple over the next 10 years.

By 2035, annual global home equity release volume will reach $56 billion, according to data released last month by the European Pensions and Property Asset Release Group (EPPARG) details ⇒

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