Confidence is slowly but surely returning to the UK housing market following a few months of uncertainty surrounding the market, as well as a general election which included many issues surrounding housing and its future. According to the latest figures, house prices surged more than 5% during the month of April compared with the same time last year. Overall, confidence is returning to the market as other data regarding the housing market continues to be released.

The weeks following the general election have been filled with demand falling and then rising again. House prices have followed the same trend as well. There continues to be a shortage of houses on the market which are affordable for first time buyers. Rental property is in high demand as many searching to reach the first step of the property ladder are falling short due to high prices which require high down payments.

A recent report by Knight Frank outlined the current state of the UK housing market, saying: "Households in all UK regions perceive that property prices rose in May.” This supports the idea that confidence is growing within the market and growth is picking up again.

Grainne Gilmore with Knight Frank commented on the confidence which is growing regarding the housing market, saying: "Activity is certainly picking up on the back of the election of a majority government and the certainty this has provided in the housing market."

Gilmore added: "Demand is rising, but an increasing number of vendors are putting their homes on the market, and this is set to create more balance in terms of pricing."