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Property is still the best investment
In the latest monthly survey carried out by the Worldwide Property Group a huge 88% of respondents named property as the best option for investment. Gold was second, with all other investment options, including shares, barely receiving a mention at all.
The company’s April confidence tracker survey also revealed a number of other interesting figures. The number of people indicating that they are benefiting from the current low level of interest rates has reached the highest level since the survey began nearly a year ago, at 79%. However, when asked for their opinions on the direction of interest rates over the next 12 months, 79% said they believe rates will increase; however, not one person was of the opinion that they would rise by more than 1%, which indicates at least another year of very low interest rates.
On the subject of house prices, 71% expect values to increase over the course of the year, with only 8% anticipating a further fall. This is the most positive result since August of last year.
Turning attention to whether now is a good time to buy property in the UK, a staggering 92% said yes. Three quarters also said that that right now represents a good time to buy.To read more see www.welovewatford.co.uk
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