Worldwide property price increase noted

There has been an increase in property values around the world in the past quarter of 2009, according to new figures.

Research from Knight Frank found that just under half of all countries surveyed had witnessed rises in house values between April and June this year.

The company's Global House Price Index indicated that there is fresh confidence in the property sector across the board.

However, the BuyAssociation has urged buy-to-let investors and other interested parties to remain cautious in their dealings within the marketplace.

Paul Collins, editor at the firm, said that there is still a long way to go before a full-scale recovery can be celebrated.

He commented: "Just about every government out there has taken some fairly substantial measures to protect their economy and to protect property prices as part of that.

"There is a certain degree of increased confidence in the markets, which hopefully will lead to more Brits feeling confident."

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