The results of our monthly confidence survey are in for August and what a positive picture they paint. A huge 62% of respondents now feel that falling prices have reached the bottom, and that the next move for house prices will be upward. in fact, only 12% now feel that prices will fall further over the next 12 months, down from 18% in July.
So is confidence returning to the market? You bet it is. A point re-enforced by the 82% who feel that now is a great time to buy UK property. This figure stood at 78% in July.
But what about overseas property investment, is now a good time to buy? We certainly think so, and 71% of those people surveyed agree with us. In fact, nearly two thirds of respondents are currently considering investing in overseas property, with the USA and the Caribbean the most favoured locations.
So what conclusions can be drawn from these results? Well, the answer to the final question says it all – `What do you consider to be the best investment’? In number one place with a total vote of 79%, of course, it’s property and always has been. It takes more that a dip in prices to change this view, and why should it? Compared to other investments property is more forgiving, safer and can be leveraged to produce much greater returns.
So there you have it, if you are interested in investing in property either in the UK or overseas, don’t wait. As confidence picks up, the window of opportunity afforded by the recession is beginning to close, and very soon you will no longer be buying at the bottom of the market.
