Consumers move away from property investment

More people are choosing to invest their money in stocks and shares instead of property. Property investment may decline as more people play the stock market. Long-term investment in property is losing popularity as consumers opt to place more of an emphasis on savings accounts, stocks and shares, according to the Association of British Insurers (ABI). The ABI's quarterly survey showed that 34% of the 2,500 participants saw property as the best long-term investment for the future, which is a 15% reduction from the figures recorded just three months earlier. This means that the number of people who favour placing their cash in property is now at its lowest level since the Association started its survey in 2008.