According to the Halifax House Price Index, there was an increase in the average UK house price in January this year. The average price increased by 1.9%, to an average of £163,996.

However, Halifax were quick to point out that it is important not to place too much weight on any one month's figures, and they still expect 2009 to be a tough year for the housing market.

Hopefully though, this will be a sign of more positive things to come. If house prices do stop falling, we should see mortgage lender's criteria ease up making it easier for individuals to obtain a mortgage loan.