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Real estate as pension’s security

Author

Listed:
  • Aleksandra Zimoch

    (Absolwent Studiów Uzupe³niaj¹cych Magisterskich na kierunku Ekonomia na Uniwersytecie Ekonomicznym w Krakowie)

Abstract

The problem of failure of the pension systems can be solved by individual insurance. Due to the frequent occurrence of the phenomenon of asset rich, but income poor, this insurance can take on a form of a real estate property. Efforts aimed at transforming the capital raised in the form of assets into liquid funds led to the equity release market. The equity release market offers financial products in two models: reverse mortgage and home reversion. The decisive factor in the functioning and development of the equity release is the amount of benefits that retirees can obtain as a result of equity release transaction. The amount of benefits depends on the real estate market. The real estate market situation effects both the value of the property (as security for the elderly benefit payments) and the amount of costs of equity release markets transactions.

Suggested Citation

  • Aleksandra Zimoch, 2014. "Real estate as pension’s security," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 87, pages 53-58, March.
    • Handle: RePEc:kra:journl:y:2014:i:87:p:53-58
    DOI: 10.14659/worej.2014.87.08
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    File URL: http://swiatnieruchomosci.krakow.pl/pl/sklep/pojedyncze-artyku%C5%82y/2014/numer-87/artyku%C5%82-87-08
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    More about this item

    Keywords

    real estate; reverse mortgage; equity release; pension system;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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