The UK Government recently published a White Paper on the housing market in England, describing it as “broken”.

The start of 2017 has seen ‘broadly stable’ annual house price growth amounting to 4.3%, according to Nationwide’s House Price Index for January. This is only slightly below the annual growth rate of 4.5% recorded in December 2016. On a monthly basis, house prices rose by 0.2% in January, after seasonal factors were taken into account.

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There was a fall in the number of home movers in Britain during 2016, according to the latest Lloyds Bank Home Mover Review. This is apparently the first time in five years that numbers have decreased.

The number of first-time buyers in the UK rose by 7.3% in 2016, from 312,900 in 2015 to an estimated 335,750, according to the latest Halifax First-Time Buyer Review. This is apparently the highest level since the start of the financial crisis in 2007 (359,900).