photo credit: stevecadman
The UK housing market has seen a “marked increase” in activity in the early part of 2009, a property group has said.
Tyser Greenwood, a chartered surveyor firm, also said there were some signs of optimism in the industry as the new year begins to gather pace.
Sales are increasing, the firm said, while mortgage providers are looking to expand home loan options.
Some buyers were waiting for housing to become even cheaper, the company added, but most appeared to accept prices were now starting to hit the bottom of a dip.
Roger Russ, operations director for Tyser Greenwood, said:
“It is difficult to make a projection for the housing market for the coming year with any certainty, but the feedback from many estate agents is that there has been a marked increase in activity towards the end of 2008 and early 2009.”
The company also said recent reductions in interest rates would ease the mortgage affordability issues that helped depress prices in 2008.
Mortgage availability could also get a boost after business leaders met with Prime Minister Gordon Brown over the weekend.
According to the BBC, leading bankers and mortgage lenders met with the PM at his country residence, Chequers, Buckinghamshire, and discussed the Crosby Report on the housing market, published last year.
It recommended a plan for the government to supply guarantees on mortgage securities.
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