Confidence in the overseas property market remains high
, according to the latest results of the Worldwide Property Group tracker survey.
According to the study, 77 per cent of respondents feel that this is also a good time to make a foreign property acquisition. In fact, 69 per cent indicated that they are currently considering an overseas property purchase within the US.
This is compared to 72 per cent who believe that now is a great time to purchase a home in the UK. The company added that this is the first time since the survey began in August 2009 that overseas property has received a higher confidence rating that the UK.
Some 69 per cent of those who responded to the survey believe property to be the number one investment vehicle, ahead of gold in second place with 22 per cent of the vote.
"Affordability for first-time buyers has improved substantially in the last few years, whilst for second-home buyers there has not been a better time for many years to make that purchase. For property investors there is currently a whole world of unbelievable opportunity," Kevin Wilkes, managing director of the firm said.
- Tuesday 15 March 2011