UK property a safe investment according to the country's elders
A recent study to determine confidence in the UK property market has had some surprising results across the differing age groups.
The general consensus of opinion through all generations is that UK property prices will not drop during the next twelve months. Nearly two thirds of those aged over 45 expected prices to increase during that time frame whereas less than a quarter of the 35-44 age group believed they would.
All of the 45-54 age group felt present conditions were ripe for investing in UK property and the majority of this age group also believed the time was right for overseas investment - at the other end of the scale only half of the under 25's felt that today's market represented a good time to join the UK property ladder.
Of all those questioned less than 50 per cent expected interest rates to rise within the next year and a small percentage expect them to fall further.
The older generations have experienced the property crash of the late 1980's and witnessed full recovery so perhaps that accounts for their high levels of confidence.