Economists are pessimistic regarding the projection for the housing market in spite of the fact that activity rebounded in January after the standstill in December.

Just about two-thirds of estate agents stated the number of probable buyers with them in the initial two weeks of January was greater than they might generally wait for the time of year, whereas 26% expressed that the stages were steady with the average in the month.

Simultaneously, 45% of estate agents stated a boost in queries from people who wish to sell their home, as per the National Association of Estate Agents.

The interest of the probable buyers is aligned with figures, revealed prior this week by property website Rightmove, according to which 11th January was the busiest day since then, which recorded 28.3 million pages viewed.

The lift in interest propped up when the Royal Institution of Chartered Surveyors (RICS) stated the number of properties entering the market, dropped at its best ever rate since 18 months in December.