The latest report published by Worldwide Property Group revealed that 75% of respondents consider the best first choice for investment, out of all options, is property, which clearly indicates recent government changes in legislation did not affect market confidence. 

In contrast, only 2% of people responding to the June survey would put their money into shares. Even gold received only 17% of the voting.

When asked if the current historically low-level interest rates had increased desire to buy property, two-thirds replied Yes, with 79% saying now is a great time to buy a property in the UK. 

Sixty-five percent of respondents shared the view that property values will continue to increase over the coming year, with 4% believing this could rise by as much as 15-20%. 

Buying overseas property attracted a very respectable 62% of voters actively seeking foreign property opportunity at this time. 

The US, particularly Florida, appealed to many with France (see our Blog and News 5th July, France ~ 100% Loans ...), Cyprus, Spain and Italy also ranked highly amongst those looking for a second home.

Even though the stock market performed well over the past 12 months, it has fallen since mid-April (FTSE 100 losing nearly 1000 points). Property, by comparison, has demonstrated a greater robustness during recent global turbulence, having regained much of the value that was lost over the last 2-3 years (see Blog and News 10th June, Property Prices Creeping Up Says, Assetz). 

The results of the WPG survey clearly indicates UK public confidence is rapidly returning in the property market.

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