Property vs Pensions

The usual old conundrum, property or pensions - which way should you go?

Well we all need to live somewhere so you're going to either rent or buy. 

If you buy, don't do it to provide a pension in later years, buy because you like the property, and it suits your needs.

So it's a pension then and in actual fact a pension beats property hands down, and an article in last weeks Sunday Times has the detail.

It all came about from Andy Haldane, you know who I mean, he's the cheif economist for The Bank of England, and last year he said property was almost certainly better than a pension. Now you need to understand he will get a pension from BoE of £84,000/year when he retires so it seems an odd statement.

So the ST looked into it and this is the result of their Propert V Pensions since 2008


                    Property Wealth Growth       Pension Wealth Grwth
Southwest   22%                                       92%  
Southeast    26%                                       74% 
London        50%                                       52%

Northwest   -1%                                        69%


So there we have it - go with a pension, but only after you've decided whether to rent of buy - good luck