The UK property market has begun the New Year on a note of cautious opti­mism

Elevated demand has ensured that properties are continuing to move swiftly through the market, according to the latest data released by Home.

October saw the highest level of new stock entering the market, with an 8% increase from last year, the highest increase in four years.

The Chancellor chose not to extend the current stamp duty relief given to first-time buyers during her first Budget.

Asking prices for newly marketed homes edged up slightly this month - but by a much lower amount than the seasonal norm, according to the latest market analysis from Rightmove.

The current supply of homes for sale is 20% higher than this time last year, with £230bn worth of housing for sale - a £45bn rise on this time last year.

Rising numbers of mortgage approvals and strengthening house prices have seen a surge in the level of for sale stock entering the market during Q1.

Coastal areas have seen the biggest jump in the number of available properties coming to market.

The region is home to almost 290,000 abandoned and derelict properties, according to a new study by Together.

The average volume of properties in England listed for sale month-on-month saw a 58% rise in 2023 compared to 2022.