Property Investor Confidence High, Survey Finds

Confidence in real estate both in the UK and abroad remains high, with 56 per cent of individuals questioned by the Worldwide Property Group believing that now is a good time to buy overseas...

Confidence in real estate both in the UK and abroad remains high, with 56 per cent of individuals questioned by the Worldwide Property Group believing that now is a good time to buy overseas.

The organisation, which conducts the monthly survey, found that the US is the most popular region in which to buy property. This is followed by Greece, Turkey, Spain, Portugal and China.

Elsewhere, 84 per cent of respondents claimed that now is a good time to buy a property in the UK, with the last time the survey recorded such a high percentage back in November 2010.

Only 28 per cent of those surveyed expect UK property values to fall over the coming year, Worldwide Property Group added.

The study also found that 75 per cent of people think that real estate offers the best potential of any major investments. It was followed by gold with 13 per cent of the vote. Shares received just seven per cent, while currency and savings received four per cent and two per cent respectively.

- Wednesday 27 April 2011

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