Bricks and mortar have provided stellar returns for many people over the past couple of decades, prompting many to rely on property, whether a main residence or buy-to-let, as their pension.
Aside from creating a safe and secure way for your money to grow and for your wealth to increase, property also often appeals because people like the physical sense of ownership, rather than the notional ownership of an investment shown on a piece of paper or computer screen.
But relying on property for your pension could leave you in a sticky situation, according to Alexandra Morris, managing director of MakeUrMove.
It is estimated that almost a million private landlords face a pension black hole after new laws and regulations mean the income from their properties will not sustain them in retirement.
Research shows that three quarters of those landlords will consider selling their properties if they start to make too small a margin, or fall into the red due to additional costs.
With more buy-to-let landlords looking to offload their properties to avoid recent tax and regulation changes, there is some concern that some landlords may struggle to sell their properties - at their desired price - amid a surge in supply of properties on the housing market in some parts of the country.
The problem disproportionally affects older landlords, who have little time to make changes before they need to rely on their properties for a retirement income, with those over 55 most concerned about making too small a profit on their properties.
Morris said: “Smaller, casual landlords have been impacted by rising costs of managing their properties, with 38% citing the high cost of repairs as one of their biggest concerns.
“The problem impacts landlords with a buy-to-let mortgage the most severely, as these additional overheads, combined with recent changes to the private rental sector, mean smaller landlords hoping for a steady income in retirement are now worrying that their properties won’t even cover their own costs.”