Nearly one in three British adults think property will be the best performing investment in 2022, making it the top pick ahead of cash, stocks, and cryptocurrency.

Personal finance website Finder polled 2,001 British adults and 39,573 adults, with the result that Britons were the most likely of any to invest in bricks and mortar.

Some 30 per cent of Britons said property would be the best performing investment this year, well above the global average of 23 per cent. 

The next most popular pick is cash (24 per cent) followed by stocks (17 per cent) and cryptocurrency (15 per cent). 

Michelle Stevens, mortgage specialist at Finder, says the survey results suggest rising interest rates aren’t deterring Britons from thinking property is a good investment. 

“Britons are most likely to back property over other investments, despite the Bank of England recently raising the base interest rate. 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” says Stevens.

“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. 

“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.” 

Via @LandlordToday