Buoyancy is returning to the West Midlands property market after the number of sales increased by more than a third in the first three months of this year.
Pent up demand among first time buyers and youngsters banding together to purchase homes have triggered an upsurge between January and March.
Figures released today showed the number of property deals struck in the first quarter of 2005 rose 37 per cent to 19,571 in the Midlands compared with 14,257 for the same period last year.
The regional recovery was part of a nationwide increase from 159,116 to 218,770, also a rise of 37 per cent.
Every part of the wider region experienced large jumps in the number of transactions, led by the seven West Midlands authority areas which saw a leap from 6,502 to 8,775 completed purchases.
Harvey Williams, spokesman for the Royal Institution of Chartered Surveyors, said: "The first thing you need for any improvement in market conditions are deals done.
"We are pleased to note in every region within the wider West Midlands the number of deals has increased, in some cases substantially.
"This is always required as a preliminary to any price increases. If you have no deals done, there are no price increases.
"It is encouraging that more properties have come on to the market in the spring and there has been a ready reaction in the number of purchasers looking and deciding to buy right across the region.
"We are very aware there is a pent-up demand among people in the last six months which has been lying below the surface."
A key factor for people deciding to take the plunge was the Bank of England locking interest rates at 4.5 per cent for the last eight months, said Mr Williams.
"This has encouraged people, along with inflation being low, and, apart from one or two isolated examples, unemployment is also low.
"This gives a thriving economy which is a catalyst for attracting would-be purchasers."
Mr Williams said he expected the market had increased in the last months following the Chancellor's championing of shared ownership schemes in his Budget.
"Many first-time buyers are being caught in the affordability gap and cannot buy property at the current high prices on their own because their salaries are not high enough.
"Instead people have been getting together in pairs and purchasing a share in a property rather than a place outright. This makes affordability a lot better.
"The market needs first-time buyers, they are the lifeblood of the housing market, and this development will have spurred the bottom end."
The average price of a West Midlands property went up by #7,000 last year to #158,343.