Property beats pension for almost 50% of all retirement savers
New research has found that more people than ever are choosing property over any other asset class for future investment.
Data from the ONS Wealth and Asset Survey found that over 49% of those surveyed believed that property would generate the best income during their retirement. Almost half of the non-retired population stated that property would outperform employment and personal pensions, stocks, shares, bonds and ISAs.
Property has consistently ranked as the top choice for retirement in the Wealth and Asset Survey since records began in 2010. 2017 saw the highest number of savers choosing property at 49%, up from 46% the previous year and 40% in 2010.
Despite 78% currently investing in workplace pension schemes, only 26% of them believed this would generate the most income for retirement. ISAs and stocks also scored low on the survey due to a volatile market and the poor returns from low interest rates.
Graham Davidson, managing director at Sequre Property Investment, comments:
“The survey only further cements why the UK population continues to invest heavily in property – there is no other investment type that can provide the same level of returns. Even with recent tax changes, buy to let has proven itself as the best option for retirement. House prices have grown almost 300% over two decades and property has never been more in demand. Anyone looking for a get-rich-quick scenario will almost always lose out, and most investors making significant returns from their portfolio have usually been in it for the long term; that’s where a serious profit can be made.”
“Cities like Manchester and Liverpool in particular have provided a wealth of opportunity for investors – prices are considerably lower than areas like London, but are increasing at a much faster rate, keeping rental yields strong. The large university populations also allows for tenant demand all year round. Pensions and stocks just can’t compete with the lucrative, tangible investment that buy to let provides.”
If you’re looking for a suitable investment for your retirement, contact Sequre today. We offer hands-off, discounted property deals that you won’t find anywhere else on the market. As well as this, we also offer a complete end-to-end process, helping you and your investment every step of the way. We can even recommend mortgage brokers and letting agents so all the hard work is done for you. To find out more, call us on 0800 011 2277.