Is property still better than pensions?
In 2016 Andy Haldane, the outgoing chief economist of the Bank of England, caused controversy when he said that property was a better investment for retirement than a pension. As long as we continue not to build anything like as many houses in this country as we need . . . we will see what weve had for the better part of a generation, which is house prices relentlessly heading north, he said. Five years later and Haldane has declared the housing market to be on fire, with the latest figures from the Halifax showing that the average price of a home has grown by almost 9 per cent (21,000) in the past year. Is property still a