The Worldwide Property Group has said that confidence in property investment has reached an eight month high.

Figures from teh firm's April UK conference Tracker Survey showed that 80 per cent of people rank property as their number one investment choice. The latest results are good news for everyone in the property sector as the latest number is the highest figure since August 2010 and the second highest figure since the survey began in August 2009.

Managing director Kevin Wilkes said: " The research reinforces that property is still widely regarded as a safe and secure investment and is an investment that has demonstrated great resilience in the face of very difficult economic conditions."

It is now believed that more than seven out of ten people expect an increase in UK interest rates at some point during the next twelve months.