Anyone looking to sell their own home may have better luck finding a buyer as the year goes on, it has been suggested.
Michael O'Flynn, content editor for FindaProperty.com, says that he expects to see signs of improvement and there is a case for "cautious optimism" in 2009.
"The recent reports of a rise in buyer enquiries are encouraging," he adds.
Consequently, Mr O'Flynn expects there to be a "modest improvement" in the market, particularly in the second half of the year.
Hometrack recently revealed that the proportion of postcodes in the UK that reported a fall in house prices was 58 per cent in January 2009, an improvement on 63 per cent in December 2008 and 70 per cent in November of last year.
Richard Donnell, director of research at Hometrack, states that there are reports of "bargain hunters looking for deals and window shoppers assessing prices and what's on offer in their local markets".
Written by Rachel Crook
Published on: February 4, 2009