Relying solely on property wealth to fund retirement can be a risky business:
In 2021 the average property increased by approximately 10%, thus there is large concern brought about by 20% of homeowners in the UK. Many are considering using capital reserves to fund their retirement plans. It has been discovered that 70% of people over 65 are financially dependent on their pension as the main source of income but are also homeowners.The main message that is being communicated is to avoid depending on one property and state pension to fund later life as prices are increasingly fluctuating and major inflation is imminent,
Invest wisely, plan ahead- How do you plan to fund your ‘golden years’?
Relying solely on property wealth to fund retirement can be a risky business (inews.co.uk)