Stamp Duty revenue surges to a record high

“A lack of homes for sale rather than a lack of desire from buyers is what is dictating the pace of the market,” says Rightmove, as the UK’s average asking price rises 2.1% in a month.

"There are likely to be some month-on-month price falls during the second half of the year," says Rightmove.

Rightmove has recorded the biggest March jump in average asking prices since 2004 - but the portal's top analyst warns "there are headwinds that seem likely to remove the current market froth in the second…