Nearly one in three British adults (30%) think property will be the best performing investment in 2022, making it the top pick ahead of cash, stocks, and cryptocurrency, according to Finder.com’s Retail Investor Sentiment Report.<\/p>
Finder polled 2,001 British adults in December 2021 and 39,573 adults globally to reveal that Brits are among the most likely to back brick-and-mortar investments out of 26 countries.<\/p>
30% of Brits said property would be the best performing investment this year, well above the global average of 23%.<\/p>
The next most popular pick is cash, with nearly a quarter of Brits (24%) saying this will be the best investment in 2022. This is followed by stocks and ETFs (17%) and cryptocurrency (15%).<\/p>
Michelle Stevens, mortgage specialist at Finder.com said the survey results suggest rising interest rates aren’t deterring Brits from thinking property is a good investment. <\/strong><\/p> “Brits are most likely to back property over other investments, despite the Bank of England recently raising the base interest rate.<\/p> “The Bank has hinted that further interest rate hikes are on the horizon which could see an end to the house price boom we’ve witnessed over the past two years.<\/p> “If you’re considering purchasing property this year it’s important to factor in possible rate hikes as this could make mortgage repayments more expensive, particularly if you’re on a variable home loan rate.<\/p> “Only time will tell if this eventuates, but it’s important to plan ahead for all possible scenarios especially as the market remains pretty uncertain.”<\/p>