propertytalk Live! - Consumers move away from property as long term investment
The number of people who see property as the best long-term investment has fallen to its lowest level, falling by almost a third in the last three months of 2010.
The findings come from the ABI quarterly consumer survey, which showed that savings accounts, stocks and shares and national savings have all seen an increase in favourability as confidence in property has fallen.
Of the 2,500 people surveyed, 34% saw property as the best long-term investment in the last quarter of 2010, down from 49% just three months previously. While property still remains the most popular asset class, the number of people who favour it is at the lowest level since the ABI started the survey in Q3 2008.
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