People planning to buy their first home have just months
left to buy a house or risk missing out on the chance of getting on the
property ladder for years to come. Scottish
Friendly has warned that from April people entering retirement will be able to
drawdown their pensions in one lump sum, and there are concerns that many of
these pensioners will use the funds they have amassed to invest in the property
market. This increase in demand on an already swollen property market is likely
to send house prices higher, which will mean that those looking to buy a house
for the first time may get priced out of the market for the foreseeable future.
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