Older homeowners’ housing wealth hits record £2.9tn

Official index shows continued growth in the average property price, but some parts of the country look to be nursing a 'post-stamp duty hangover'.

The spring statement contained no nasty surprises for the property sector, but it failed to address concerns about the government’s tight financial headroom, explains Knight Frank's head of UK resi research.

February's volumes were up by around a quarter on the same month last year, latest HMRC data shows.