The latest figures from the Agency Express Property Activity Index indicate that the number of property sales in the UK doubled from January to February this year, making February 2010 the most prolific month of sales for around two years.
The largest number of housing sales were seen in the North East, with every UK region apart from Central England experiencing a substantial increase, according to Agency Express, England?s largest supplier of ?For Sale? signs.
With slow sales in January linked to an end of the 2009 rush to buy before the end of the stamp duty holiday on 31 December, it is thought that the hike in property sales in February could be a sign that the market is now in recovery.
The managing director of Agency Express, Stephen Watson told Your Mortgage ?After a pretty slow start to the year it appears that the British public is not prepared to sit around and wait any longer?.
?While we expected February to be a better month for house sales than January, the levels we have seen have exceeded our expectations. It appears that the growing economic optimism has permeated the housing market and people are making the decision to move,? Mr Watson continued.
He added ?We are now seeing house sales nearly match those levels we last saw two years ago and the strength of activity bodes well for the coming months.?
The most dramatic boost was seen in Nottingham, where there was an increase of 206.3 per cent in property sales from January to February this year.
