What's going on? A lot of action in the London area might have done its bit to mask falling prices in the regions, but isn't the consensus that recent improvements in the unemployment figures are just trailing indicators of the period before the Government cuts, and that autumn/winter unemployment plus possibly rising interest rates are likely to take their toll on house prices into 2012? So can activity really be picking up now? Yes - according to Connells Survey and Valuation. They're claiming a big March, the fourth month of increased valuation activity and more first-time buyers entering the market and more buy-to-let landlords looking to increase their portfolios. Hard to fathom.

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