UK. Property remains popular retirement savings tool
While employer pensions are still considered the safest way to save for retirement, property has been inching closer, a population survey from the Office for National Statistics reveals. The data (recorded between July 2016 and June 2017) shows that 40% believe that their workplace pension is the safest bet, while 30% believe property is.
This is probably thanks to the fact that house prices are still rising, although the most recent statistics from Halifax show that house prices only saw an annual change of 2.2% in January, and actually fell month-on-month by 0.6%. Despite this, house prices are still up slightly, from £219,217 in January last year to £223,285 last month.
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