Uncertainty about the economy and the impact of the general election had been causing a property market slowdown in recent months.
But research from Connells Survey and Valuation shows there were 13% more property valuations conducted in April than in the same month a year ago.
This is a turnaround from March when activity was 32% lower than the previous year.
Remortgaging was the best performing section of the market. Activity was a up a quarter on a year ago and compares strongly to the 34% dip in March.
Activity in the buy-to-let market was up 29% on April 2014.
John Bagshaw, corporate services director of Connells Survey and Valuation, said: “Britain’s property market is still marching ahead, even as we approach the closest general election in a decade.
“The fact that all indicators – from first-time buyers right through to remortgagers – are up on this time in 2014 demonstrates the broad momentum in the property market, which we expect to continue through into the new Parliament.
“Mortgage rates are likely to stay low for some time. Inflation is at zero and there’s little sign that the Bank of England will need to raise the base rate imminently. In the meantime mortgage rates have plummeted to the lowest level in over four years. Thus, many households may be capitalising on this period by refinancing to a fixed mortgage.”
