Optimism has been expressed about the prospects for the property USA market after Barack Obama was elected president this week.

National Association of Estate Agents chief executive Peter Bolton King found delegates at the National Association of Realtors (NAR) annual conference in Orlando were upbeat about the way the property USA market may improve, the Times reports.

Mr Bolton King told the paper that some were confident that just the fact of the election process now being over will help, while another had said the Washington market will get a boost in the New Year, as there is usually an upturn in the capital when a new administration comes in.

He added: "Realtors believe that if the economy starts to stabilise, buyers will jump back in."

Research manager at Hamptons International Rob Bruce said that Mr Obama’s leadership was a cause for optimism, saying this will "help to instil the buyer confidence that the market is crying out for".

The NAR conference in Orlando is running from November 7th to the 10th.

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