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British Feel That Property Is Better Than Cash
In order to gauge how house prices were affecting people's lives, the BBC commissioned NOP to conduct research on the issue at the end of last month.
Research for the BBC Two series, The Truth About Property, found 53% of respondents believed owning property was safer than cash.
It is of note however that this poll took place in the aftermath of the Northern Rock crisis, the first run on a British bank in nearly 150 years.
That belief is directly at odds with the view accepted by the overwhelming majority of investment professionals. Financial experts regard cash as safer than property because as long as the bank is solvent, there is no risk to your capital.
© International Property News by HomesGoFast.com
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