Mortgage advisers predict a bumper Q2 as sentiment is buoyed by rising house prices, new lending and improving consumer confidence, research suggests.
The latest Rightmove house price index has revealed a virtual price standstill as new sellers are asking for just 0.1% more for their properties in March.
The average value of a property in England and Wales increased by 1.9% in February to levels recorded three years ago in April 2007.
The slow but steady rise in house prices in recent months may be stunted as more properties come on to the market, surveyors say.
UK house prices fell for the first time since June 2009 due to the end of stamp duty relief, icy weather and more properties being put up for sale, according to Halifax.
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The contentious role played by Goldman Sachs in Greece's debt-saddled financial crisis is under scrutiny by financial regulators in the US, the chairman of the Federal Reserve, Ben Bernanke, has revealed.
House prices rose by 2.9% in 2009 and 0.8% in December, according to the latest Government figures.
Asking prices for houses in England and Wales experienced their biggest monthly increase since April 2007, according to Rightmove.
House prices climbed in January but both buyer and seller interest was hit as a result of the snowy weather, according to the Royal Institution of Chartered Surveyors (RICS).