Homes valued at up to £250k are seeing the biggest price cuts

Homebuyers have until the 31st of March to complete purchases before the new stamp duty rules are introduced.

Tom Bill, head of UK residential research at Knight Frank looks at how transactions are holding steady as buyers and sellers wait for more clarity around the UK economy.

The most affordable street name suffix is Terrace with an average house price of £180,000

Fewer than one in five first-time buyers see stamp duty as a barrier to getting onto the property ladder.

October’s Budget saw Chancellor Rachel Reeves hike up the stamp duty surcharge for second properties from 3% to 5% overnight.

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

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.

New data shows the market could potentially bounce back if economic conditions and transaction processes improve.