Property downsize is not enough for retirement

A survey from financial services company Prudential, has found 62% of the UK population see their property as a means to fund their retirement, while over 3.8 million (13%) expect it to provide over half the amount. Prudential cautions while rising house prices have proven a popular investment option, the problem comes for people trying to access this wealth. When the so-called "baby boomers", who have benefited most from the increase in house prices, try to downsize their properties in anticipation of their retirement, the market could well be flooded with family properties leading to ...