An increase in property sales gives some sense of optimism for the market, one expert claims.
The month-on-month surge increase in sales is a "positive sign" for housing in the UK, says director of DTZ Residential Russell Taylor.
He comments: "We are seeing some owner-occupiers entering the market and taking advantage of discounts and, if they have the deposits, very cheap mortgages."
Mr Taylor believes it is too early to suggest recovery is underway for the property market, although there are some signs of improvement.
He says there has been an increased interest from overseas buyers, who are taking advantage of the weak pound and lower prices it offers.
Nationwide reported in February 2009 that UK house prices fell by 1.8 per cent to £147,746 compared to a 1.3 per cent fall recorded in January.
Furthermore, the number of new sellers in February 2009 stood at 75,140 compared to 137,442 at the same point last year.
See Also: Property News (6705)
Date Published: 06 March 2009
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