Well although all the experts denied further increases would be possible, figures released by Nationwide building society indicate a 1.2 rise in prices over April and May. Further articles have also suggested the rarely heard practice of gazumping has been happening, mostly because of bargain hunters going after the same heavily reduced properties.
The positive news for me still only represents the "bottleneck" of buyers created by poor mortgage liquidity, and therefore as we start to see the bank oil the cogs of lending once again buyers are able to take action.
Still great to see some postive news that contradicts the doom mongers!