For decades, owning your own home has been seen as the ultimate financial milestone in Britain.
It has been seen as providing a sense of security as well as – in many people’s eyes – a valuable asset.
It is often seen as so safe, that “my property is my pension” is commonly used in investing parlance by those who plan to release equity from their home or downsize later in life to fund their costs.
For these people – a home is their ultimate source of wealth growth, and their financial fallback. But is it safe to treat it as such?
Latest figures show property prices are falling slightly – and there are signs they may drop further this summer as rising interest rates, driven by an expected bump in inflation since the start of the war in Iran, have limited what buyers can afford.
