84% of respondents to the May survey say that right now is a great time to buy property in the UK. 68% said that now is also a good time to buy overseas property with 53% currently considering buying in a foreign country. The United States and the Caribbean still topped the most favoured overseas locations with Turkey and Spain also scoring highly.
Looking at the results in more detail only 6% said that they expect UK house prices to fall over the coming 12 months, the lowest figure since the introduction of the survey nearly a year ago. Whilst almost three quarters expect interest rates to increase within the next year, 61% say that they are still feeling the benefit of historically low rates, with 49% indicating that current levels have increased their desire to buy UK property.
Commenting on the figures, Kevin Wilkes, managing director of the Worldwide Property Group said: “At a time when the media seem to be refocusing their attention on economic doom and gloom the results of this survey are very encouraging. At a time when stock markets have experienced such enormous volatility the housing market has fared rather well, recording significant growth over recent months. The UK housing market is very resilient and it is this factor that makes property such a great place for people to put their money.”
