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BUY NOW - The Times 2005

Lending data points to recovering activity in the market, with Bank of England figures showing mortgage approvals (an important gauge of future conditions) rising for the sixth consecutive month.

Meanwhile rental yields on buy-to-let properties have risen for the first time since the end of 2003.

Employment levels remain at historic highs. Real disposable incomes rose in the first quarter by 1.2 per cent, the fastest increase since spring 2003.

And, potentially most important of all, The Bank of England looks poised to cut interest rates, with the first in what will probably be a series of cuts now quite likely to come next month.