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| Version 1 | Version 2 |
|---|---|
| Property viewed 'safer than cash' | Property viewed 'safer than cash' |
| (about 15 hours later) | |
| A majority of British people believe buying property is now a safer place to put their money than saving with a bank or building society. | A majority of British people believe buying property is now a safer place to put their money than saving with a bank or building society. |
| Research for the BBC Two series, The Truth About Property, found 53% of respondents believed owning property was safer than cash. | Research for the BBC Two series, The Truth About Property, found 53% of respondents believed owning property was safer than cash. |
| The poll took place in the aftermath of the Northern Rock crisis, the first run on a British bank in nearly 150 years. | The poll took place in the aftermath of the Northern Rock crisis, the first run on a British bank in nearly 150 years. |
| The findings come despite mounting evidence of a slowing housing market. | The findings come despite mounting evidence of a slowing housing market. |
| 'Extreme measures' | 'Extreme measures' |
| Prices have fallen in many parts of the UK in the past few months, prompting some analysts to question whether the decade-long housing boom is coming to an end. | Prices have fallen in many parts of the UK in the past few months, prompting some analysts to question whether the decade-long housing boom is coming to an end. |
| In order to gauge how record house prices were affecting people's lives, the BBC commissioned NOP to conduct research on the issue at the end of last month. | In order to gauge how record house prices were affecting people's lives, the BBC commissioned NOP to conduct research on the issue at the end of last month. |
| Asked which they thought was a safer investment at the moment, 53% of those surveyed said buying property was safer than cash. | Asked which they thought was a safer investment at the moment, 53% of those surveyed said buying property was safer than cash. |
| That belief is directly at odds with the view accepted by the overwhelming majority of investment professionals. | That belief is directly at odds with the view accepted by the overwhelming majority of investment professionals. |
| They regard cash as safer than property because as long as the bank is solvent, there is no risk to your capital. | They regard cash as safer than property because as long as the bank is solvent, there is no risk to your capital. |
| It will also raise questions about the success of the government's attempts to reassure the public following the run on Northern Rock. | It will also raise questions about the success of the government's attempts to reassure the public following the run on Northern Rock. |
| The programme also discovered that first-time buyers, fearing the first rung of the property ladder is drifting out of reach, are taking extreme steps to obtain a property. | The programme also discovered that first-time buyers, fearing the first rung of the property ladder is drifting out of reach, are taking extreme steps to obtain a property. |
| Such steps included: | Such steps included: |
| A Stretch Too Far?, the first episode of The Truth About Property, was screened on 18 October at 8pm. |