UK property market experiencing 'significant growth'

Substantial growth is being seen in the UK housing sector, it has been suggested.

Property investment awareness campaign Reita made the observation after finding that experts have seen major improvements.

More than half (54%) of its panel of specialists suggested that investor sentiment improved significantly in the last quarter, although a note of caution was given as liquidity issues remain complex.

Operating director of Reita Peter Cosmetatos explained that careful research is required in order to maximise opportunities, stating: "With very little stock to meet rapidly rising demand, investors must take very careful advice before jumping into anything."

Further results from the survey revealed that over 95% of respondents believe there has been some UK property market improvement in the last quarter.

Last week, a Nationwide index gauging consumer confidence revealed that 39% of Brits expect the economy to improve in the next 6 months.

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