Since the new pension reform announcement in the last budget, award winning housebuilder, Crest Nicholson, has received an influx of enquiries from pension holders thinking about investing part of their retirement fund into property at Park Central in Birmingham.
Thanks to the more relaxed rules, retirees now have easier access to their pension funds. In light of this and in response to less favourable interest rates in many savings accounts, more and more people are considering investing in property as a way to prepare for or fund their retirement.
Located off Lee Bank Middleway in Birmingham city centre, Park Central continues to be a popular choice amongst buy-to-let investors. As well as the central location and modern apartments, people are also attracted by the 6.7% rental yields on offer.
Amanda Gales, sales manager at Park Central, said: “The relaxation in rules means that people who have reached retirement now have easier access to their savings. Rather than splashing the cash on expensive cars or luxury holidays, many are actually considering investing in property and exploring the many benefits that it could bring.
“Becoming a landlord for the first time in retirement may seem like a daunting prospect however high rental yields and the increasing amount of people looking to rent in Birmingham city centre actually make it quite a reassuring choice. Additionally, when compared to the low interest rates in many saving accounts, property is increasingly being seen as a sensible option for funding retirement. Over the next year, we are predicting that the number of people looking to invest their pension into property will continue to increase.”
Crest Nicholson offers luxury city centre apartment and penthouse accommodation in its Central Plaza buildings, all of which boast impressive views across Birmingham and the parkland at Park Central. The penthouses are fitted with white Roca bathroom suites and integrated with Symphony kitchens with modern Bosch appliances. Additionally, each penthouse benefits from a large balcony and two allocated parking spaces. Prices for the new penthouses start from £250,000.
Anyone wishing to view the apartments at Park Central should make an appointment by contacting the sales team on 0121 666 4666 or visit the marketing suite which is open daily from 10am to 5pm and is located at 61 Mason Way, Birmingham B15 2GE. Alternatively, for more information visit www.parkcentral.co.uk