Could Property be Better than a Pension? Someone certainly thinks so.

In a recent article in The Sunday Times, The Bank of England's chief economist Andy Haldane stated that property is certainly a better investment for retirement than a pension.  This follows on from his previous comment made in May that he doesn't understand pensions.

When asked whether he thinks property or pension is a better investment for retirement, he responded:

“It ought to be pension, but it's almost certainly property. As long as we continue not to build anything like as many houses in this country as we need to meet demand, we will see what we've had for the better part of a generation, which is house prices relentlessly heading north.”