6th March 2009
Figures from Hometrack show property investors may be regaining their confidence after an increase in market activity in the property sector was recorded in the month of February.

According to Hometrack's monthly National Housing Survey, in spite of a continued decline in house prices, levels of buyer registrations, agreed sales and new instructions increased in February.

Sales agreed increased by some 36 per cent during the month as new buyer registrations went up by 17 per cent, with southern England experiencing the greatest demand.

According to Richard Donnell, Hometrack's director of research, many people across the country have a desire to move but various factors such as scarcity of mortgages is holding them back.

"Demand for housing does exist, but certainly not at the levels that were seen two to three years ago," he explained, adding that "the pool of potential movers is large".

Halifax's latest property index showed this week that property values had declined by over two per cent in February.



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