Znaczenie nieruchomości mieszkaniowych w aktywach osób w wieku emerytalnym
The importance of housing in the assets of people in retirement age
Author(s): Magdalena ZałęcznaSubject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: real estate; financial instruments; reverse mortgage
Summary/Abstract: The cycle of human life is inextricably linked with the changing needs for space and standard of living. For many years financial institutions directed their offers especially for young people purchasing residential property, but in recent years there have been new financial products offered by banks and private investors to the elderly people being owner-occupiers. These special instruments can bring people of retirement age additional funds without selling own house or apartment. The purpose of this article is to determine the benefits and drawbacks of such solutions in the cultural and institutional context of changing modern world.
Journal: Finanse, Rynki Finansowe, Ubezpieczenia
- Issue Year: 2013
- Issue No: 63
- Page Range: 519-531
- Page Count: 13