Coastal hotspots have seen annual house price growth of 4.2% in the past 12 months, bucking the wider national trend that has seen British property values stagnate.
With weekly pension income only increasing by 1% p.a. in real terms over the last decade, many over 50s may look to other sources of income to afford the retirement they want.
Annual house price growth has shown a 'modest' rebound in May, rising to 1.3% from 0.6% in April, according to this morning's data release by Nationwide.