Consumer Confidence in UK Property Market Is Strong
A survey carried out by the Worldwide Property Group revealed that consumer confidence in property is high in Great Britain.
The survey was performed in March 2011 and was focused on such sectors of property market as house prices, interest rate levels, investment attractiveness, and general confidence.
As many as 84% of survey respondents said that it is now a good to buy property in UK. Less than 30% of respondents expect property prices in the country to decrease in 2011.
It is interesting that 56% of the respondents said that overseas property is also a great investment. The most popular regions among survey participants were: United States, Greece, Turkey, Spain, Portugal and China.
Huw Jones
Huw Jones, Sales & Lettings Director at Shaws Estate Agents said: “The Worldwide Property Group analyse markets across the world and it is encouraging that, despite the current economic climate in the UK, consumer confidence in “bricks and mortar” remains very strong. Naturally London as an international centre figures particularly strongly.”
