Property has been named as the best place for individuals to invest their cash in 2011. Results from the latest confidence tracker survey by Worldwide Property Group have found that a massive 72 per cent of respondents believe it to be the number one investment option.
Gold was found to be the second most attractive investment with 16 per cent of the vote, while shares lagged behind with just 11 per cent.
According to the results of the survey, 77 per cent of prospective buyers think that now is a great time to invest in UK property
, with many feeling that the best opportunities for high returns are to be found overseas.
In fact, just over half of the people who took the survey are currently considering an overseas property purchase with the USA and Caribbean by far the most popular regions.
Kevin Wilkes, managing director of the Worldwide Property Group, commented: "It's no surprise that so many people feel that property offers them the best investment potential. It has consistently produced strong returns for investors over the longer term and during a downturn there is even more potential to achieve great returns."
- Tuesday 18 January 2011