Monthly OPP Featured Article
Investing overseas is the best option
NEW research out this week from the Worldwide Property Group reveals that most people agree that property, especially overseas, is currently the best place to invest.
Results from the company’s latest confidence tracker survey show that 72% of respondents believe property to be the best investment, ahead of gold in second place with 16% of the vote and equities in third place with 11% of the vote.
And 64% of those polled consider this to be a great time to invest in overseas property, a market that they see as “a great opportunity right now.” In fact, just over half of the people who took the survey are currently considering an overseas property purchase with the USA and Caribbean by far the most popular regions report Worldwide. Spain and France also ranked highly. Kevin Wilkes, managing director of the Worldwide Property Group old OPP that, in his opinion, “it’s no surprise that so many people feel that property offers them the best investment potential. It has consistently produced strong returns for investors over the longer term and during a downturn there is even more potential to achieve great returns. The United States is currently a very appealing market with some incredible bargains, especially for those who can afford a cash purchase. With property often selling at below build cost, this is a market that deserves an investor’s attention. My tip for 2011 is to invest. Don’t leave it too late and miss out on some of the best opportunities we have seen in decades.”
On the subject of interest rates, 59% of those polled said that they are expecting a rise in the base rate at some point during 2011. Two thirds of respondents said that they are feeling the benefit of low interest rates. The UK-based Worldwide Property Group surveys its 65,000-strong investor database every month to compile the confidence survey. In addition newly registered contacts are directed to the survey and anyone visiting the company website can also complete the survey online.
This article is brought to you in collaboration with OPP Magazine – Overseas Property Professional. Read the full issue online. You may also choose to subscribe; the subscription is free, but registration is required.
