THE Worldwide Property Group has revealed that confidence in property both here and abroad remains high.
It’s latest confidence survey focused on a number of areas such as house price and interest rate expectations, general confidence, buying intentions, and views on property as an investment.
84 per cent of people stated they believed now to be a good time to buy a property.
85 per cent expect interest to rise at some point over the next 12 months. 65 per cent said they were benefiting from the current low level of interest rates and 58 per cent agreed it had increased their desire to buy a property.
Three in every four people surveyed believe property offers the best investment potential of any major investment. Gold was in second place, followed by currency and savings.
Managing director of the group, Kevin Wilkes said: “It is interesting to see a drop in the number of respondents who are anticipating an increase in interest rates compared to our last survey.
“Given the positive inflation report earlier this month, I expect next month we’ll see a further decline in those people expecting a rate rise.”
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