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Property market 'extremely buoyant' in 2012

Now is a great time to invest in UK property, as the market is set to be "extremely buoyant" in 2012, according to one market analyst.

The number of property purchases witnessed in the first six weeks of 2012 is at its highest for five years and this is set to continue in the coming months as people realise now is a great time to move, said Stuart Flavell, chief executive at Connells.

"This combined with higher numbers of buyers in the market and online means it’s a great time for anyone looking to sell their home. Demand is high but sellers need to act fast to take advantage of the current surge in interest," he explained.

Considering the "huge appetite" to buy property for sale at the current time, the expert urged anyone who is thinking about selling their home to avoid delaying it and take advantage of a great opportunity.

It comes after Martin Ellis, housing economist at Halifax, recently said that the modest improvement in consumer confidence in the opening months of 2012 reflects the resilience of the UK housing market.

He forecasted "broad stability" in house prices in 2012, although noted there is much ambiguity around this given the considerable uncertainty regarding the prospects for the UK economy.