The OPDA has been selected as a Smart Data Challenge finalist to explore how data can unlock a more transparent and efficient property market.

House prices have fallen by 0.4% in May, as the market adjusts after April’s stamp duty deadline.

Across Great Britain, the number of sales agreed is now 6% ahead of the same period last year.

Market activity is holding up well following the end of the stamp duty holiday.

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

Over a quarter said this was the most frustrating part of the process.

Buyers and sellers have sprung into action after Easter, with the number of sales agreed in May the highest in four years.

March was defined by heightened anticipation and activity ahead of the stamp duty changes.

The report reveals widespread frustration with the homebuying process and a strong appetite for digital transformation.

Rightmove says mortgage rates will be crucial in determining the level of buyer activity for the rest of the year.