The UK’s rental market is now the world’s fourth largest by total volumes of privately rented properties according to research from a lender.

Derelict and underused brownfield sites across the country will be transformed into new homes, to level up the country and create thriving communities for people to live and work, the Department for Levelling Up, Housing and Communities has announced.

Recently Rightmove revealed that asking prices saw their biggest monthly increase in over 20 years, but HBB Solutions, has revealed that despite a property market boom, the gap between the asking price expectations of the nation’s sellers and what buyers are willing to pay is as big as -21% in some areas of the market.

The Rightmove House Price Index has revealed the biggest monthly jump in the price of property coming to market in more than 20 years, with the average asking price at £348,804 in February – a record £7,785 more than last month.

The government anticipates that there will be 1.8 million new households over the next decade, and has targeted building 340,000 new homes per year by 2025 to meet those numbers.

There’s been a huge rise in the amount of money contributed to the housing market by first time buyers.

A finance chief is warning that the threat of possible rises in Capital Gains Tax should be dismissed by the government to help the buy to let sector.

Rightmove has recorded its busiest January on record for home-mover activity, with buyer demand up 16% compared to January last year, and 24% compared to January 2020.