The UK's housing industry could be set to receive a boost, as an expert has suggested that now is a "very good time" to be buying a home.
Timothy Lambert, head of consulting at property investment advice service Ducalian, explained that potential buyers may wish to act soon.
A better time to invest has not been seen since the early 1990s, he said, adding that low interest rates offer an ideal opportunity to fix a mortgage rate.
Mr Lambert observed indications are that the bottom of the market has been reached, although he added that it will take time and a return of confidence for prices to rise.
However, he went on to note that buyers must still act with "due diligence", as not all areas or properties will represent a "sound prospect".
Figures from the Land Registry this week showed a modest increase in the average house price in England and Wales - the first rise seen since January of last year.
