If you've opened a newspaper this week, you're likely to have seen headlines about 'a post-election surge', a 'Boris bounce' or 'house prices rising at the fastest rate on record'.
But just how true are these claims - has the property market really enjoyed a dramatic new lease of life in the past month?
Here, we explain what's actually happened to house prices and sales, and explain why buyers could still bag a bargain in 2020.
New data from Rightmove shows that UK property asking prices have increased by 2.3% since the general election, now standing at an average of £306,810.
This is the biggest month-on-month rise seen in any January since the portal launched its house price index in 2002.
Nearly 65,000 properties came onto the market in the month following the election, and the portal claims that the number of sales agreed increased by 7.4% on last year's figures.
It's important to remember that Rightmove's data is based on asking prices rather than actual sale prices, and its sale figures are based on offers being accepted, rather than actual completions (between a quarter and a third of agreed sales fall through).
The Land Registry offers the most reliable data on property sales because it's based on completions. However, it operates at a two-month lag, so we won't know exactly what's happened this month until the data is released in mid-March.
Data from the property portal Zoopla last year suggested that buyers actually paid around 4% less on average than the asking price set by sellers, although this varied significantly depending on supply and demand in local markets. In Edinburgh, for example, buyers paid 6% more than the asking price, while in Aberdeen they paid 8% less.
This means that while asking prices are a useful gauge of market sentiment, they certainly shouldn't be taken as gospel or deter buyers looking to bag a better deal.
We do have some indication that more buyers are beginning to search for properties.
Rightmove claims that more than 1.3 million buyers have contacted estate agents via its website since the election, up 15% year-on-year, while estate agent Knight Frank says the number of buyers registering an interest hit its highest weekly total in more than 15 years earlier this month.
But is this renewed interest resulting in sales?
HMRC publishes data on the number of properties sold for more than £40,000 each month, and its latest figures show that sales increased by 6.8% year-on-year in December. Figures for January will be published in mid-February.
While this data suggests an upturn in the market (albeit compared to unusually low figures in December 2018), HMRC says that the current data is 'subject to continued uncertainty' due to a change in the methodology it used to calculate the results.
There are signs that buyers and sellers are returning to the market, but there's no guarantee that we'll see significant price rises this year.
Property commentators have remained reserved in their predictions for 2020.The estate agent Savills has seen a boost in the value of its shares since the election, but has warned that 'some caution may remain until the full impact of Brexit is understood'.
Rightmove, Zoopla and the Royal Institute of Chartered Surveyors (Rics) have all predicted a 2% rise in house prices in 2020.
The mortgage lender Halifax, meanwhile, has predicted growth of between 1% and 3%.
Average rates on both two-year and five-year fixes fell during 2019, as shown in the graph below.
Any rate drop is unlikely to have a major effect for borrowers with larger deposits, however, as the current best rates of 1.14% (two-year fix) and 1.44% (five-year fix) at 60% LTV are already among the lowest we've seen.