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Paul Holmes, the chief executive of Firstrung, said that a positive report from the Royal Institution of Chartered Surveyors (Rics) unveiled this week does not indicate an upturn.
He claimed that until buyer interest translates into actual sales, a recovery will not be underway in the housing sector.
"It's all about the hard data numbers … everything else is hot air," Mr Holmes stated.
Those thinking of investing in property as a way to earn extra money may wish to take note of his comments.
Mr Holmes remarked that at present, the property market is "flat" as it has reached equilibrium, adding that any rise in mortgage approvals and actual house sales will be signals of a recovery.
The Rics report showed that May was the seventh consecutive month in which new buyer enquiries rose.
