Overseas Property Investment Consultancy & UK Property Investment Consultancy

Figures from the Worldwide Property Group have revealed a big jump in house price confidence during December. The company’s monthly confidence tracker survey shows that more people now expect prices to rise than at any time since the survey was introduced in July 2009.

A huge 68% of those questioned say that they expect house prices to rise over the next 12 months compared to just 57% in November. Interestingly, 1 in 5 of these expects the rise to potentially be as high as 10%.

When asked if they are benefitting from the current record low level of interest rates a massive 69% said yes; again the highest number since the survey began. But the positive news doesn’t end there because 85% of respondents said that right now is a good time to buy UK property and 66% said that they are considering purchasing a property overseas; also the highest since the survey began and an increase of 21% on last month.

Commenting on the results Kevin Wilkes, managing director of the Worldwide Property Group said: “This just goes to show that people are getting on with their lives and putting economic fears behind them. We have seen a dramatic increase in enquiries over the last 6 weeks, and with the optimism that a new year brings we have no reason to believe that this will not continue.”

This survey clearly demonstrates the underestimated resilience of the property market with 82% saying that property still offers the best investment potential of any investment.

For the 3rd month in a row, figures from the Worldwide Property Group reveal an increase in confidence amongst property investors.

The property investment company’s monthly survey reports that 88% of those people who responded during November say that now is a good time to invest in UK property compared to 87% in October and 85% in September. This is yet another sign that improvements in the UK property market are continuing despite ongoing economic difficulties.

Further positive results were revealed with a higher percentage of respondents expecting UK house prices to rise by a greater amount. 23% of those people who expect prices to rise over the next 12 months believe that this will be by more than 5% versus just 14% of respondents from last month’s survey.

Two thirds say that they are benefiting from the current low level of interest rates and of these 60% say that this has increased their desire to purchase property.

Although the number of people who are considering buying a property in a foreign location fell slightly, nearly 50% of those who completed the survey say that they would consider buying overseas, with the most popular location identified as the Caribbean.

Commenting on the figures, Kevin Wilkes, Managing Director of the Worldwide Property Group said: “The results of this survey once again show the resilience of the property market. With dreadful savings rates and continuing stock market volatility, investors are still turning to bricks and mortar as a safe place in which to invest their hard earned money. I see no reason why this will not continue throughout 2010 and beyond.”

New figures from the Worldwide Property Group have revealed an increased desire amongst the general public to purchase property.

The company’s monthly confidence tracker survey shows that those people who say they are benefiting from lower interest rates has risen from 62% in September to 67% in October, whilst those who say this has increased their desire to buy has jumped from 56% to 63% over the month. This is yet further evidence of the improving state of the property market.

Further evidence of improving confidence in the market is shown by the increase in numbers expecting house prices to rise over the next 12 months, with 63% of respondents saying they expect to see rising prices compared to 60% a month earlier.

The survey also revealed more good news with a huge 87% of respondents saying they believe now is a good time to invest in property versus 85% in September.

Commenting on the figures, Kevin Wilkes, Managing Director of the Worldwide Property Group said: “Once again this survey reveals an improving picture for the property market. People are quickly realising that now is a great time to buy property.”

“With unbelievably low interest rates, and many house price surveys showing that increases earlier in the year were not a blip but rather the beginning of a sustained recovery in house prices, people are waking up to the fact that buying conditions will not get much better than they are right now. As a result higher numbers of people are taking advantage by either buying a home or a property for investment purposes.”

Confidence that house prices are heading upward increased last month according to property investment company the Worldwide Property Group. Results from their monthly confidence survey shows that 62% of respondents expect UK residential house prices to rise over the next 12 months compared to 58% last month. The percentage of people who believe that house prices will fall over the coming 12 months fell from 18% to just 12%.

When asked if now is a good time to buy UK property a huge 86% of respondents said yes, 71% said that they believe now is a good time to buy overseas property with the USA considered the top region in which to purchase.

Property is still considered the best category in which to invest with 79% putting it at the top of their investment list; shares took second place with just 13%. And, historically low interest rates are continuing to have a positive impact with nearly two thirds (61%) saying that they are benefiting financially and the same number indicating that low rates have increased their desire to buy property, with over half (57%) considering investing in foreign property.

Commenting on the findings Kevin Wilkes, Managing director of the Worldwide Property Group said: “These figures just go to show that the worst of this downturn is now firmly behind us. Based on this, the bottom of the market was reached several months ago and anyone who invested at that point will benefit from maximum capital growth. However, we expect house price growth to be subdued for the remainder of the year before picking up early next year, making this an excellent time to invest in property either here in the UK or in many exciting overseas locations.”

With 58% of property investors expecting house prices to rise over the coming 12 months, confidence once again appears to be returning to bricks and mortar as a secure investment according to property investment company, The Worldwide Property Group.

In their monthly survey of property investors, more than half of the respondents said they expected house prices to increase whilst just 18% expected a further fall.

The Bank of England’s decision to hold interest rates at historically low levels appears to be having a positive effect in building confidence with 65% saying that they are feeling the benefit of lower rates, 61% revealing that the low interest rate has increased their desire to invest in property and a huge 78% believing that now is a great time to invest in UK residential property.

The survey also revealed that the general expectation was for interest rates to rise over the coming year with nearly two thirds of respondents predicting an increase of between 0.5% and 1%.

Interestingly the draw of investing in far flung destinations also remains high with 72% believing that now is a good time to buy property overseas. A massive 66% are currently considering buying abroad in the next year with the most favoured destinations for property investment being, The Caribbean, USA, Turkey, Portugal and Spain.

Kevin Wilkes, managing Director of The Worldwide Property Group said: “This survey shows that confidence in the property market is considerably higher than most people have come to expect. With an increasing shortage of housing in the UK, and overseas tourism expected to rise dramatically over the coming years, investors are wisely putting their faith into property both at home and abroad”.

Abingdon based property investment company ‘The Worldwide Property Group’ says the early signs of recovery are now starting to appear.

Since Christmas the company has experienced a considerable increase in enquiries by people interested in taking advantage of current market conditions to snap up a property bargain.

The company is preparing for a busy year as they ride this new wave of optimism.

Kevin Wilkes, managing director of The Worldwide Property Group says “People are starting to realise that even though economic conditions are tough this can be a great time to pick up a bargain property. We are finding that the vast majority of people we are dealing with still have good job stability so income levels are very much unaffected. In fact, a lot of people are currently better off as the decline in interest rates has resulted in lower mortgage repayments for many, fuel and energy prices are tumbling and the threat of inflation continues to recede”.

“Interestingly, a recent report identified the Oxford area as one of the UK regions least likely to be affected by the current downturn along with nearby Reading. Another recent survey revealed that the rate of house price decline is now slowing, and with sold boards appearing to spring up more frequently optimism certainly seems to be returning to our region”.

“There is no doubt that the current market is offering some incredible value both here in the UK and abroad with opportunities that we won’t see again for many years. Savvy investors know this has become a great time to buy property and are seeking out those companies that can help them achieve their investment goals, we are here to help them”.