Increase in property investment noted

Posted: 30 Apr 2009 11:41:31 GMT

An upturn in property investment could be on the horizon after a UK-based estate agent reported that investor interest has picked up recently.

According to the senior partner at Prickett & Ellis, Nigel Ellis, buy-to-let is seen as a good way to make money in the current climate.

Property investment is popular because people consider bricks and mortar an asset that is always in demand, he explained.

Commenting on the investor demographic, Mr Ellis suggested that those putting money into UK property are generally close to home.

"We all know the Russians have gone and I don't get the feeling that there are any Europeans," the estate agent remarked.

"It is the Brits that invest, or use their homes as more of an investment, and not the French or the Germans."

Earlier this month, The Young Index's report on the first quarter of 2009 showed that 99 per cent of investors plan to keep hold of their properties over the next 12 months.


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