Pensions have trumped property as the best store of money over the last 25 years, despite the housing market’s sharp rise, new research reveals. Investing in pensions has paid £177,000 more than putting your money into the average property over the last quarter of a century, says wealth manager SchrodersA property worth £100,000 25 years ago would be valued at an average of £454,000 today. The data does not take into account fees, tax savings for putting money into a pension or costs associated with buying and selling property. The average house in the UK currently costs 9.1 times average earnings, according to Schroders. The in-depth study looked at property prices all the way back to 1845 and said last time they were as expensive was in 1876.

Source: Daily Mail February 22, 2023 00:22 UTC