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Confidence Growing Among Property Investors

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Confidence Growing Among Property Investors

By - Thursday 27 January 2011

As various economies within Europe start on the long road to recovery, the investor confidence in a number of destinations is beginning to grow, according to the six-monthly Investment Climate Index from Union Investment.

Sentiment among buyers in Germany, France and the UK is currently at its highest point since 2006, with the index climbing to 70 points at the end of 2010.

In particular, this confidence is displayed by German investors, with its national index rising for the third successive time to 71.4 points. This can be compared to the 70.6 points seen in the UK and 68.1 points in France.

However, despite the improved sentiment, tough times still remain for property buyers around the world, Union Investment added.

"German and French property investors now offer proof of renewed confidence in the sustained recovery of these two core markets, but the survey results also reveal that the UK property investment markets still have some way to go in terms of recovery," a spokesperson for the firm, said.

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