Since January, average prices paid by first-time buyers rose 2.5 times faster than those paid by movers.

First-time buyer and homemover completions increased by 113% and 140% in March.

Despite the slower numbers, there are plenty of reasons to be optimistic, industry experts say.

Homebuyers have paid £1.3bn in stamp duty since the tax hike.

Patrick Bamford, head of international business development at Qualis Credit Risk, says low unemployment, growing incomes and the anticipation of further mortgage rate falls will have...

Prices fell by 0.6% between March and April.

The Society says the tax changes mark a 'cliff-edge moment' for first-time buyers.

So far this year homebuyers have paid £3.3bn in property tax.

March saw the highest volume of mortgage completions recorded since September 2021.

Ben Thompson, deputy CEO at Mortgage Advice Bureau, reflects on the outcome of Spring Statement and the need for more concrete support for aspiring buyers.