A new study has found that despite the economic climate, people are still keen to make investments in property.
Conducted by Mintel, the findings show that 32 per cent of Britons believe now is a good time to buy property, with only 15 per cent saying the recession has dissuaded them from doing so.
"The housing slump may have temporarily shaken people's faith in property, but bricks and mortar still holds attraction for many," noted Toby Clark, head of financial services at Mintel.
He believes that the market is still very much geared towards buyers, especially as savings accounts are earning low levels of interest at the moment.
People are therefore looking for somewhere else to invest their money, he added.
This follows recent comments from independent property specialist Malcolm Harrison, who suggested the worst of the property crash seems to be nearing an end.
See Also: Property News (6680)
Date Published: 24 July 2009
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