New figures from the Worldwide Property Group have revealed an increased desire amongst the general public to purchase property.

The company’s monthly confidence tracker survey shows that those people who say they are benefiting from lower interest rates has risen from 62 percent in September to 67 percent in October, whilst those who say this has increased their desire to buy has jumped from 56 percent to 63 percent over the month. This is yet further evidence of the improving state of the property market.

Further evidence of improving confidence in the market is shown by the increase in numbers expecting house prices to rise over the next 12 months, with 63 percent of respondents saying they expect to see rising prices compared to 60 percent a month earlier.

The survey also revealed more good news with a huge 87 percent of respondents saying they believe now is a good time to invest in property versus 85 percent in September.

Kevin Wilkes, MD of the Worldwide Property Group, said: “Once again this survey reveals an improving picture for the property market. People are quickly realising that now is a great time to buy property.

“With unbelievably low interest rates, and many house price surveys showing that increases earlier in the year were not a blip but rather the beginning of a sustained recovery in house prices, people are waking up to the fact that buying conditions will not get much better than they are right now. As a result higher numbers of people are taking advantage by either buying a home or a property for investment purposes.”

The recession and general state of the economy has had a significant bearing on both businesses and consumers alike. The recent news outlining that the US was coming out of recession last week with a 0.9 percent growth within their economy from July to September is clearly good news for Europe and the UK, though the fact the UK is yet to get itself out of a negative state leaves many wondering when the economic gloom will clear.

However, key indicators suggest that things are changing, be it a rise in house purchases or car sales, and one of these indicators pertinent to the UK travel market is the increase in volume of passengers travelling out of UK airports.

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