The Royal Institution of Chartered Surveyors’ predicts that there will be 50,000 more property purchases a year, worth £24 billion, on the back of the changes in pension rules.
The Royal Institution of Chartered Surveyors’ predictions will fuel the debate over a new tax break that will allow well-off individuals to buy residential property at a fraction of its real cost.
I’ve heard conflicting reports as to whether these new rules will effect house prices – in my particular situation I hope they don’t. They certainly seem destined to help the better off get a bigger pension though, when we really should be thinking about getting poorer people to save for their retirement.