A recent Standard Life survey has shown that people are now more confident about investing in property than they are about investing in traditional savings. The company's Savings and Investment index showed a 35% increase in buy-to-let in the last three months, while the index also showed a fall of 25% in national savings during the same period.
Standard Life have said that this shows that people are more prepared to take a risk with their money, which reflects a growing confidence in the property market.
Our view
Property has always been the main investment in the UK and will continue to be so. Land in the UK is not increasing in availability as we are an island. Demand will continue to rise as more people buy secomd homes and others live on their own.