Growing figure waiting to be released for retirement

retirement income

People aged between 50 and 60 hold property worth around £543bn - a figure that is growing, so they should consider releasing some value to fund their retirement

Property is becoming increasingly revered as more and more people get their stake, and last week Pru and Datamonitor claimed it could be the answer to the pension crisis too. According to the report, 12.9 million Brits plan to use their property to make up at least part of their retirement income and 1.8 million of them think that it will provide over half of what they will need in old age. The age group most likely to think property will form over half their income in retirement is 45- to 54-year-olds. People are becoming more and more reliant on property, but to what extent is this re...