Investors keen as ever according to latest survey
Investors
show no sign of easing their love affair with property according to the latest
joint survey on investor attitudes released by BusinessDay and marketing
research firm Colmar Brunton.
67%
of respondents agreed that now is a good time to invest in property because they
believe the shortage of housing supply would continue to prop up prices and
rental yields. Just 21% thought property prices would sit idle, whilst only 12%
believe prices would fall.
On
the future of the current boom type situation, most investors (44%) predict it
will run for another two or more years, 32% believe it has steam for another
year only, whilst 7% of investors feel it will run forever. Many of the
investors surveyed believed that although a property crash could occur, factors
such as housing shortages, low interest rates, and foreign purchases of
In
response to the increasing price rises, unsurprisingly 54% of investors are
against raising interest rates to curb the trend. As far as government policy is
concerned, cutting stamp duty was voted as the best option just before building
more public housing and limiting further foreign investment.
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