The move marks the third time interest rates have been cut since August 2023.

Buyer demand is up by 8% compared with the same period last year, according to Rightmove's latest data.

Tomorrow (Tuesday the 4th of February) the long-awaited Bill gets its second reading in the House of Lords.

Annual house price growth in January has seen a "modest slowing" compared with December.

Rightmove's latest data comes as many students have sent off their university applications this week, with affordable rents being one factor that many will be considering.

Buyer demand is up by 13% and there are 10% more homes for sale than a year ago.

Data gathered by property professional body, Propertymark, has discovered that 50% of surveyed property agents are specifically concerned about the Renters' Rights Bill.

There has been a 'modest' improvement in affordability over the past year, but regional variations remain.

Despite the promising start to 2025, there remain uncertainties for the year ahead, according to the latest report from Rightmove.

Zoopla's latest research shows that house price inflation varies widely across the UK with faster price inflation outside southern England.