According to a survey conducted by the Worldwide Property Group confidence 64% of respondents said that they are benefiting from the continuing low level of interest rates, while 71% said that low interest rates had increased their desire to buy more property – the highest figure since the survey began in August 2009.

The report suggests that confidence in property is now running at its highest level since April this year, with 86% believing that now is a good time to buy in the market.

At the same time, 73% think it is also good time to buy a property overseas. Again, that is the highest level since April, with 68% actively considering buying a foreign property.

The US, the Caribbean and Brazil are the favourite locations for property purchase, followed by more traditional European countries such as Spain and France. Italy and Portugal also ranked highly.

Commenting on the figures, Kevin Wilkes, managing director of the Worldwide Property Group said:

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“The results of this survey make for very positive reading. I am delighted to see that confidence in property both in the UK and overseas has reached such a high level.

“It is also very interesting to see that with all the fantastic opportunities currently available around the world, it is still the more traditional markets that draw the most interest.”