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Homeowners pin pension hopes on property

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Almost 13 million homeowners believe their property will fund at least part of their retirement.

Property is seen as more important than savings and investments, according to research from Prudential and Datamonitor.According to the figures, two million people said that they think the value of their house will make up more than 50% of their retirement income.

Different age groups have different expectations. The over-65s are more likely to expect their retirement income to come predominantly from the state, whereas younger people are more likely to expect it to come from other sources.

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