The squeeze from too many people looking for a new house and a paucity in supply continued in May, according to the latest RICS UK Residential Market Survey.

The Bank of England will intervene if it considers soaring house prices will affect the inflation rate says Sir Dave Ramsden, a deputy governor of the Bank.

The government has introduced discounted homes for key workers and local residents through its launch of the First Homes scheme.

Research by estate agent comparison site GetAgent.co.uk has revealed first-time buyers (FTBs) are now paying 10% more than a year ago, while existing homeowners have seen the cost of buying increase by 11%.

Ascend Properties, have highlighted which areas of the property market present the biggest potential opportunity for Build to Rent investors based on the prominence of renting.

Deals agreed between buyers and sellers during March and April will result in monthly price increases of 2.9% in June and 3.7% in July when those deals complete, according to the Reallymoving House Price Forecast April 2021.

The asking price of a typical home in the UK has hit a third of a million pounds for the first time, says Rightmove.

In recent times, regional property markets have seen a significant increase in investor interest. This upwards trajectory has been historically driven by two factors; one being to reduce risk aversion amongst investors in the wake of the global financial crisis, and the other being rooted in the desire to capture the short-term leasing market that has started to drain away from London.