Housing wealth can be considered as an “equalising” component of wealth, at least from a “pure” relative inequality approach, as even though its value increases with wealth, its share in portfolios tends to be smaller in rich households (Azpitarte, 2010). Data refer to households aged 50 and over in 2006-07 and are expressed in 2005 EUR million, PPP adjusted. Higher incomes, lower interest rates and demographic factors, such as the increase in the number of Greek households due to their smaller size and the inflow of immigrants, have all contributed to these developments (OECD, 2009). Rising house prices may have served to narrow the wealth distribution, given the heavy weight of housing assets in the total assets of the lower income households in Greece.