House prices in Britain witnessed an annual rise of 0.2 per cent in January, according to figures recently published by the Department for Communities and Local Government.

And while this does not appear to be a substantial increase, it could be promising news for the housing market as property values have stopped contracting after sharp falls in the second half of 2011.

Indeed, when this is combined with the findings from a survey carried out by the Royal Institution of Chartered Surveyors (RICS), the future for house prices in the UK looks hopeful.

The results of the RICS research show that this is the first time since 2010 that surveyors have not predicted further declines in the value of British homes, indicating a sense of optimism when it comes to the housing market.

Liam Bailey, head of residential research at Knight Frank, said that while increased mortgage lending has helped reverse the downward trends, he believes "it is more the case that the market is not contracting any more – it is probably stabilising".

Mr Bailey added that confidence has increased due to the current economic outlook in terms of employment and growth being better than people were expecting a few months ago.

With an air of stability predicted for the housing market in the forthcoming year, investing in it could seem as sensible a move as ever if prices do experience an upward trend.

Those who do choose to invest will be keen on making their assets as profitable as possible, with the proper maintenance and correct landlord insurance policies key to ensuring the continued value of a property.

While there are no certainties in the current climate, recent evidence suggests a renewed air of optimism when it comes to Britain's housing market, and one that could help stimulate the country's economic recovery.