12
Mar
People 'keen to buy property as investments'
Many consumers in the UK now see property as a good thing
to invest in, according to one expert.
Commenting on the issue, Keith Churchouse, director of
Churchouse Family Planning, said that people believe homes and
buy-to-let residences will help to fund their retirement years.
His remarks follow the release of figures gathered by the
National Association of Pension Funds, which found that only 34 per
cent of individuals polled were confident that their pensions will
leave them with enough money for life after work.
It was also found that 18 per cent of respondents believed
property, potentially including luxury homes in Kent, was the best
retirement investment.
Mr Churchouse suggested that, as a result of flagging confidence
in work savings, more Britons are being encouraged to put money
into other things.
He said: "There are many [consumers who] are not very happy
about that and so many people have switched to things like
buy-to-lets ... where at least they can see bricks and
mortar."