You are here: Home - Saving & Banking - News -

‘Property is still a winning bet despite the rate rises’

0
Written by:
08/05/2007

Despite recent interest rate rises, and the prospect of more to come according to 93% of people surveyed, 71% still think property represents a sound investment for the future, according to a study undertaken by property investment consultancy Property for Life.

Only 6% of those surveyed reckoned there would be a fall in property prices, despite the probable interest rate rise later in the week, with 20% predicting the market will level out and 74% seeing potential for even more growth.

Property for Life managing director David Austin said: “The results of this survey prove what we have all known for a long time – there is no better investment opportunity for the majority of people than property.

“Interest rates have risen steadily since mid-2005 but, despite further predicted rises, the residential housing market shows no signs of contracting.

“The average house price in April 2007 was around £180,300, up from £162,000 a year ago and this survey shows that the general public still believes there is room for further growth.”

He continued: “Property is quite simply an unmatched investment in terms of both the returns on offer and relative security. More and more people are realising the long-term benefits that can be accrued from property investment, and this is demonstrated in the bullish outlook the UK public currently has on the UK property market.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
First-time buyers feel the pinch as rising rates hit home

Higher interest rates are causing first-time homebuyers to spend a bigger proportion of their income on mortgage interest payments, according to the...

Close