A poll of investors — conducted in advance of the upcoming London Property Investment Show — finds a sense of optimism returning to the U.K. real estate market. This optimism is being fueled by positive media messages and increased access to credit. Price stabilization and employment gains have stimulated confidence as well, renewing interest in property investment as an alternative to low-yield stocks and savings. See the following article from Property Wire for more on this.
Investor confidence in the UK and overseas property market has risen significantly in the last three months, according to new research.
Confidence us up by 43% with almost a third of those questioned, some 32% saying it is due to more positive reports in the media and 20.7% putting it down to greater availability of finance options.
The survey conducted by the Property Investor Show which opens in London next week, also found that while bank finance remains an issue, some 17.7% of investors are still able to secure bank loans to fund investment, having enough liquid assets to cover the current LTV ratio.
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Some 32.4% have access to savings and 32.5% are able to use the equity from existing assets.
‘The boost in confidence and renewed hunger in UK and overseas property has been signaled by reports that UK property prices have stabilized and the first signs of permanent job rises being reported,’ said Nick Clark, managing director of the Property Investor Show.
‘There has also been a strong shift in the market with savvy UK investors beginning to re-explore overseas opportunities as they search for sound investments with better returns than the other poor performing investment vehicles such as bank savings and the stock market,’ he added.
The Property Investor Show and OPP Live, is the only major property investment event taking place in the UK this autumn and is the leading event for high-end and first-time investors, second-home buyers and the property trade worldwide attracting over 10,000 visitors and 160 exhibitors.
It will help potential purchasers and property professionals make the most of this opportune time in the property cycle through its extensive range of exhibitors from all over the world; special sections dedicated to key areas of interest; and seminars, round table and panel discussions covering over 150 different topics will all ensure visitors, whether property industry professionals, seasoned investors or just getting started, will find something of value.
The three day show opens at the London Excel center on Thursday October 22.
This article has been republished from Property Wire. You can also view this article at Property Wire, an international real estate news site.