A major user of construction equipment such as concrete power trowels has expressed optimism for the future of the housing sector.
According to housebuilding company Galliford Try, stability has started to return to the property market.
This, it said, is apparent in the increase in sales volumes it has seen over the last year, which rose from £281 million to £324 million.
As a result, the company is "cautiously optimistic" about the future of the market.
However, it conceded that overall market conditions are likely to remain challenging for some time to come.
Galliford's optimism comes amid various signs that the housing market is picking up, which could lead to more construction projects coming to fruition.
The Communities and Local Government department this week revealed that house prices in November 2009 were 0.6 per cent higher than at the same point of the previous year.
Property values were also said to be 1.7 per cent up on the previous month.
According to housebuilding company Galliford Try, stability has started to return to the property market.
This, it said, is apparent in the increase in sales volumes it has seen over the last year, which rose from £281 million to £324 million.
As a result, the company is "cautiously optimistic" about the future of the market.
However, it conceded that overall market conditions are likely to remain challenging for some time to come.
Galliford's optimism comes amid various signs that the housing market is picking up, which could lead to more construction projects coming to fruition.
The Communities and Local Government department this week revealed that house prices in November 2009 were 0.6 per cent higher than at the same point of the previous year.
Property values were also said to be 1.7 per cent up on the previous month.