UCB Home Loans: Property investment set to rise

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UCB Home Loans: Property investment set to rise

UCB Home Loans has revealed that brokers believe Britons will be investing in property rather than shares over the next five years.

The research, which surveyed 523 mortgage brokers, found that 55 per cent believe that property would yield the greater return, compared to 45 per cent who opted for shares, reports Mortgage Introducer.

Keith Astill, managing director at UCB Home Loans, told the mortgage news website: "The research shows that brokers are obviously expecting property to outperform equities over the next five years."

The news comes after the Nationwide revealed that the FTSE 100 grew by 16 per cent in 2005, while the housing market only saw an increase of three per cent.

However, the FTSE is still ten per cent below its 1999 level, while house prices across the UK are an average two times higher than they were in 1999.