UK house prices are currently over-valued by an average of 8%. However, rising incomes are set to tame this figure before the year is out, according to Zoopla's latest analysis.
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.