Hi friend,
On the demand side, house prices are low, interest rates are low and mortgages are becoming easier to get. There are increasingly more interested buyers out there - people who are in safe employment want to make the most of this opportunity and slowly those buyers will translate into sales. Or those that want to invest in property at a time when their savings are making a poor return. They will buy up the best of what's on offer and as the supply continues to fall or remains flat, house prices in turn will rise.
Thanks
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