Over recent months there have been a number of signs of recovery in the property market, with increasing property prices, a growth in property transactions, easing up of the mortgage markets, and increased interest from would be buyers.

These signs of recovery have been described as green shoots, and an increase in consumer confidence when it comes to the property market in the UK appears to be another of these green shoots that suggest the property market is on the up again.

One recent report has shown how confidence amongst consumers seems to be returning to the property market. The data came from the Paragon Mortgages‘ Financial Adviser Confidence Tracker FACT. The report showed that the majority of mortgage brokers were expecting to more business over the course of this year than they did last year, with 58 percent of brokers stating that they were expecting to be far busier over the coming months.

Many said that they thought the increase in consumer confidence was down to the continued rock bottom base interest rate, a return of more affordable mortgage loans to the market, and an increase in properties.

John Heron, Paragon Mortgages’ managing director, commented on the figures from the report, stating that things in the mortgage and property markets had been showing signs of improvement over recent months.

He stated: “As house prices seem to have turned the corner, buyer confidence has increased and we have seen a slight tick up in mortgage approvals in recent months.” He did go on to state, however, that the market had a very long way to go yet in order to get back to normal. He stated that borrowing rates were still “low compared to the historical average and the market is nowhere near back to normal yet.”

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