The majority of Britons intend to remain in their current homes for the rest of their lives, according to Friends Provident research.
Only 11% of people plan to sell or downsize their home in order to fund their retirement, and just 6% plan to do so via equity release.
Aversion to releasing equity increases with age, the research suggests. Among respondents aged 34 to 44, 42% wanted to retire in their own home, whilst 77% of the over-65s wished to stay in their current property.
"There is no doubt people still see their house as an investment, however, it is important to make the distinction between people appreciating the value of their house and actually planning to use it as an asset," Trevor Matthews, chief executive of Friends Provident, says.
"However, with increased longevity and the decline of final salary schemes, it is clear that in the future many people will need to consider how they can realise some of the value from their house.
"With a majority of Britons planning on staying in their current property when they retire, equity release schemes may have to be rehabilitated in the public consciousness to help people realise the value of what is often their most substantial asset."
Exit fees and conversions
Initial FOC of 0.6%
Former PFS president
Last commission convened in 2002