Share prices in property related companies reacted relatively modestly yesterday to the news that the housing market is open for business.

The FTSE 100 closed the day down 90.72 points at 5904.5, a fall of 1.51%

Countrywide ranged between 49.20 and 70.00 ending the day at 60.25 (+2.82%)

Rightmove was fairly steady throughout and closed at 518.20 (-0.73%)

Foxtons went up by 2.10 to end at 42.40 (+5.21%)

OnThemarket ranged between 49.00 and 58.00 ending at 52.84 (+11.25% )

Purplebricks moved between 33.90 and 43.80, ending trading at 38.45 (+13.9%)

The Property Franchise Group fluctuated between 158.00 and 180.00 before closing at the 180.00 mark (+13.21%)

LSL moved between 180.00 and 203.20 before closing at 187.50 (+5.34%)

Share prices in companies such as Purplebricks and OnTheMarket often fluctuate significantly in a day because a small number of trades can affect their prices, but, if anything, it was perhaps surprising that, overall, share prices did not show larger gains.

This may reflect a caution in the market about just what the reopening of home moving may amount to in the short term.