The number of home movers has reduced by -2% creating a shortage of properties for first time buyers and higher prices.

Home buyers start the year strongly with mortgage lending of £8.9 billion in February which is an increase of 7% over the month.

The Treasury is to give the Bank of England powers to limit lending to the growing buy-to-let mortgage market to protect the financial system.

Prices for luxury homes in London are expected to fall by 9% in a year due to stamp duty tax and EU referendum, says Savills.

The rate house prices are rising has slowed ahead of the EU Referendum with greater uncertainty expected from the Brexit vote.

There has been a 20% fall in demand for new-build homes and interest in the London housing market due to the EU Referendum.

Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.

Strong growth in house prices for London up 14.5% for the year with higher prices for the South East of England and mixed UK results.

Demand from buyers has reduced at the fastest rate in eight years according to the latest report from property surveyors RICs.

The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.

Data from the CML shows remortgage lending for homeowners and buy-to-let market rises significantly by numbers and value for January.

Data from the Halifax shows house prices in the UK have decreased by 1.4% for the month to February although over the years prices remain 9.7% higher.