More People Planning to Use Property to Fund Retirement According to a recent survey conducted by Barings Asset Management the highest number of respondents’ replies ever received (16%) are saying that they are planning to rent out a property or sell their property to fund retirement Around 7% which is equivalent to 2.5 million individuals have admitted they are planning on selling their primary residence to fund their retirement Barings are saying that although property should form part of a risk-adjusted, diversified retirement portfolio, investors need to be aware of the risks of relying on the one asset class. Barings say this survey result represents a two per cent increase from their research carried out in 2013, making a total of 16% of people – nearly six million – saying they are planning to rent out or sell property to fund their retirement. This figure is up from 13% last year and the highest such figure since 2009 The Barings survey found that the economic climate continues to have an impact on people looking to use property to fund some or all of their retirement: the number saying they now plan to sell or downsize a property to fund all of their retirement has risen to 4% from 2% in 2012 Whilst Baring’s research found that a third (33%) of people that last year said they are planning on either selling and/or renting property to fund some or all of their retirement, and have made no changes to their plans. It also revealed that 3% (or 1.3 million people) are now planning to rent out secondary properties (buy-to-let) to fund some or all of their retirement.
Posted on: Tue, 30 Sep 2014 21:40:48 +0000
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