Confidence in UK commercial lending appears to have improved, with more investors believing interest rates will not rise for 12 months compared to April.
The effect of low level interest rates on
commercial lending in the UK may have improved investor interest in buying UK property.
More than half of investors responding to the Worldwide Property Group's survey indicate that UK
property investment is more desirable owing to low interest rates.
Futhermore, over half indicated that they do not expect interest rates to increase for at least another 12 months.
In April, 79 per cent of respondents believed that interest rates were going to rise before April 2011.
Nearly three-quarters of those responding to the property investment company's survey also said that they believe the current economic climate is ripe for foreign property investment.
Commenting on the findings, the Oxfordshire-based firm's managing director Kevin Wilkes explained: "Once again we see mounting evidence of people's belief that interest rates will remain low for quite some time.
"The number of people who feel that rates will increase over the coming year has progressively reduced over the last four months, if this trend is correct this is excellent news for anyone buying a property."
Earlier this month, research by Jones Lang LaSalle suggested that cross-border commercial property investment is improving globally.
Posted by Hadji Singh
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