The UK property market could see an increase in activity over the next 12 months as investors begin to sense a floor in house price values, an expert has claimed.

According to Tyser Greenwood Surveyors, 2009 is likely to be another uncertain year for private landlords and homeowners across the UK, but there remains "cause for optimism".

Indeed, with the recent interest rate cuts likely to help create greater access to funds for buyers, many investors could be tempted to snap up properties as they seek to take advantage of low prices.

"There appears to be a general perception amongst potential buyers that we are at or near to the bottom of the drastic fall in prices,"said Roger Russ, operations director at the firm.

As a result, estate agents have seen "a marked increase"in activity towards the end of 2008 - a trend that is likely to continue this year as more people begin to see 2009 as "a good time to buy", he added.

The Bank of England cut interest rates to 1.5 per cent last week - the lowest point in the institution's history.ADNFCR-2002-ID-18968971-ADNFCR

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