PUBLIC SPLIT OVER FUTURE OF INTEREST RATES
Research from the Worldwide Property Group suggests that the public is split regarding the potential direction of UK interest rates. Half believe rates will be increased in the next 12 months and the other half believes rates will be unchanged.
In the survey, 67% (considerably higher than the 12 month average of 57%) indicated that the current low level of interest rates has actually increased their desire to buy property.
Buyer confidence in the property market remains high with 83% holding the opinion that today represents a good time to buy UK property and 75% believe that property currently offers the best investment potential.
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