10
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."
