Confidence in UK property is high

Some 84 per cent of respondents to the May survey said that now is a great time to buy property in the UK.

Only six per cent of respondents expected UK house prices to decrease in the coming 12 months which is the lowest figure since a year ago.

Three quarters of respondents expect interest rates to increase within the next year with 61 per cent of respondents claim they are benefiting from the historically low interest rate.

Kevin Wilkes, managing director at the Worldwide Property Group, said: "The results of this survey are very encouraging. At a time when stock markets have experienced such enormous volatility the housing market has fared rather well, recording significant growth over recent months.

"The UK housing market is very resilient and it is this factor that makes property such a great place for people to put their money."