Britain's property boom could be over for good and homeowners should no longer rely on their houses to fund retirement, housing minister Grant Shapps has warned.
He said ministers were hoping to engineer an era of ‘house price stability' in which property values would gradually be eroded by rising earnings, the Daily Mail reports. Shapps suggested in a ‘...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders