The number of property enquires has increased since the Government announced its £50 billion bank bailout, according to the Financial Times.
The newspaper has reported that estate agents across the country have witnessed an increase in the number of people enquiring about houses and flats in September and early October.
Estate agency Knight Frank revealed that the number of viewings on its properties surged by 35 per cent following the bailout of ailing UK banks .
Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA), commented: "The injections of capital may well have provided a short-term confidence boost. But to affect the underlying dynamics of the market they ultimately will need to make mortgages more accessible."
Earlier this month the NAEA head commended the Bank of England on its emergency interest rate decision, describing the move as "step in the right direction".
He added that the rates cut should help boost consumer confidence and would benefit the wider economy in the long run.
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Increase In Property Enquiries Reported Wed, 22 Oct 2008
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