The mortgage and property industry are celebrating last week's shock Conservative Party majority and predict the housing market will now "explode" into life.
But they are urging the new administration to make bold efforts to solve the housing crisis by dramatically expanding the supply of new properties.
The Tory victory removes the threat of the mansion tax on £2 million homes and a crackdown on non-doms, both of which will fuel the central London property market.
The expected extension of the Help to Buy equity loan and mortgage guarantee schemes will boost activity lower down the property chain, as will the introduction of the new Help to Buy Isa, slated for this autumn.
No further changes to stamp duty or council tax, and no rent controls on mandatory landlord registration, should keep the buy-to-let market ticking over.
Robert Haigh, Chestertons' director of professional services, predicted that "sales and lettings will explode" following the decisive result. "I think it is an excellent result for the stability of the market. People can now move forward and look to the future with certainty."
Peter Rollings at London estate agency Marsh & Parsons, said the uncertainty surrounding the property market can now be banished. "A hung Parliament may have prolonged this purgatory, so a majority vote means that buyers and sellers can plan for the future with confidence."
Although the mansion tax was aimed at properties worth £2 million or more, Rollings said it would have hit prices and activity lower down the property ladder. "So it is not just wealthier homeowners who should be counting their blessings."
Foreign buyers are expected to surge back into the prime central London property market now that the threat of Labour's non-doms tax has been lifted, driving prices in the capital to new highs.
And estate agents Heaton & Partners expects prime country homes to increase by as much as 10% in a matter of weeks.
Rob Clifford, director at mortgage broker Moneyquest, said the victory brings much-needed continuity between the last government and the next, and is particularly good news for buy-to-let. "We feel the result is a bullet dodged given the onerous regulation we could have expected from a government led by the Labour Party.
"We fundamentally believe these measures would have failed to deliver the consumer benefits suggested and therefore it is a welcome move that the lettings sector looks highly unlikely to now be saddled with such measures."
Harpal Singh, managing director at Broker Conveyancing, said the last thing the housing market needed was any whiff of uncertainty or implementation of radical changes. "What we need now is to develop the UK housing market, in particular, increasing housing supply for both ownership and rental which should be the number one priority for this new Conservative Government.
"The time really has come to deliver in this area and let's hope we see real progress over the course of the next five years."
Mark Hayward, managing director, National Association of Estate Agents, said a majority government is good news for the housing market. "We're looking forward to seeing policies they've pledged such as their first time buyer new-build commitment and their Help to Buy promises.
"Right to Buy for housing association tenants will also now be extended, giving an extra 1.3 million families the right to buy their home. Again, this will help supply and demand to level out."
But Hayward questioned whether the Conservative government can cash the cheque of promises they've made for home ownership within just five years.
"Supply and demand is a huge issue plaguing our country, and without tackling issues over planning, infrastructure and skills capacity, we worry that they will be unable to meet the growing demand of first-time buyers and fulfil their promises."
Bob Young, chief executive officer of Fleet Mortgages, said: "We are all acutely aware of the overwhelming need to build more houses in the UK however the problem may be a lack of materials and manpower."
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