British Public View Property as Safest Investment
New reports show that British consumers see property as the safest place for their money.
New property research compiled by the BBC has shown that 53% of those who took part in the research project said that owning property is far safer than physical cash.
The BBC’s programme, The Truth About Property, confirmed that UK residents have more confidence in property notwithstanding the current market slow down in the UK.
In spite of this, some investment professionals believe that cash is a better bet, as long as banks remain liquid. Nevertheless, the British government have not been entirely successful in their campaign to calm public opinion since the near collapse of Northern Rock. Northern Rock is the first British bank in almost 150 years to suffer from any internal or external effects. However, the US ‘credit crunch’ forced the company to take a huge cash loan from the Bank of England.
On the back of the shaky UK property market, a large number of investors are choosing to place their confidence in overseas property investments. Foreign exchange company HiFX, have reported 23% of UK residence are having problems meeting their mortgage repayments every month and 16 million people are actually considering emigration to sunnier climes in a bid to escape financial worries.
Investing in foreign shores such as Brazil, Bulgaria, and Thailand is impacting greatly on property prices, especially in those countries that offer a low cost of living, which attracts a large number of British tourists. Mark Bodega, director at HiFX commented: “more and more people are no longer considering it as a luxury but a necessity."
About Obelisk
Obelisk offers clients the opportunity to invest in specially selected real estate projects, from around the world. Clients are offered involvement in ventures that represent unrivalled opportunity, potential and ultimately, return on investment.
The service they provide to investors is based upon three key aims: price, profit, and performance.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on 0808 160 0670 (UK)
or 1800 932 514 (IRE) or email info@obeliskinternational.com
or visit our website: http://www.obeliskinternational.com/
Press Office:Tel: 0808 160 1005press@obeliskinternational.com
New property research compiled by the BBC has shown that 53% of those who took part in the research project said that owning property is far safer than physical cash.
The BBC’s programme, The Truth About Property, confirmed that UK residents have more confidence in property notwithstanding the current market slow down in the UK.
In spite of this, some investment professionals believe that cash is a better bet, as long as banks remain liquid. Nevertheless, the British government have not been entirely successful in their campaign to calm public opinion since the near collapse of Northern Rock. Northern Rock is the first British bank in almost 150 years to suffer from any internal or external effects. However, the US ‘credit crunch’ forced the company to take a huge cash loan from the Bank of England.
On the back of the shaky UK property market, a large number of investors are choosing to place their confidence in overseas property investments. Foreign exchange company HiFX, have reported 23% of UK residence are having problems meeting their mortgage repayments every month and 16 million people are actually considering emigration to sunnier climes in a bid to escape financial worries.
Investing in foreign shores such as Brazil, Bulgaria, and Thailand is impacting greatly on property prices, especially in those countries that offer a low cost of living, which attracts a large number of British tourists. Mark Bodega, director at HiFX commented: “more and more people are no longer considering it as a luxury but a necessity."
About Obelisk
Obelisk offers clients the opportunity to invest in specially selected real estate projects, from around the world. Clients are offered involvement in ventures that represent unrivalled opportunity, potential and ultimately, return on investment.
The service they provide to investors is based upon three key aims: price, profit, and performance.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on 0808 160 0670 (UK)
or 1800 932 514 (IRE) or email info@obeliskinternational.com
or visit our website: http://www.obeliskinternational.com/
Press Office:Tel: 0808 160 1005press@obeliskinternational.com
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