Johannesburg – Housing is a substantial retirement asset, a family that has paid off a house by the time of retirement, is “immensely” better off than having to use part of a lump sum or retirement income for the investment.
This is according to Matthew Nell, founder and director of Shisaka Development Management Services. He was one of the speakers at the launch of the Alexander Forbes Benefits Barometer 2016 publication at Vodaworld in Midrand, on Thursday. He highlighted how investing in housing can contribute to financial wellness.
“The ability to own a house depends on affordability creditworthiness and accessibility,” said Nell. Low and middle income households often invest or access accommodation in a number of places as a socio-economic strategy.