by Rachel Crook
Property investors are planning increased buying activity in the next few months, a new survey has indicated.
The study by property portfolio managers Young Group showed that there is an increased expectation that prices will start rising again in the coming months, with more keen to invest for this reason.
Of the investors surveyed in the first quarter, 40 per cent said they are planning to buy in London in the next 12 months, up from 33 per cent in the last quarter of 2008, while the total looking to buy elsewhere in the UK more than doubled to 24 per cent.
Similarly, 49 per cent expect London prices to rise in the next year - up from 36 per cent in the previous survey - and the corresponding figure for the remainder of the UK was up from ten per cent to 24 per cent.
Those keen on investing soon may wish to pick up a pack on the legal issues involved without dealing with a lawyer.
Recently, it was said that rents have stabilised after a period of falls and will remain "fairly stable in the long term".
Such a prediction was made by editor of Property Hawk Chris Horne on the basis that many first-time buyers will have ongoing problems finding deposits to buy a home.
Published on: March 30, 2009