The Value of Typical Pensioner Home

By Petra Amelia on September 17th, 2007

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Chief executive of Seniors Money Peter Mitchell said: “Although there has been much commentary on the recent cooling in the property market, this does not negate the increases property values have experienced over the last decade.” In Ireland the value of a typical pensioner’s home is so very high. Ten years ago the value of the typical home amounted to fifteen times the State pension. Many people take out release products to make the payment of improvement of the home. The next most popular reason for releasing equity is clearing debts. Home equity release products can offer the customers with another financial option but everyone may or may not be comfortable with that.

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