Certainly, we do seem to be returning to some kind of post-pandemic normality in the buyer’s market. According to Rightmove demand for homes is up 8% from 2019 levels and houses are generally selling faster than they did in 2019 with an average of 12 days on the market. Demand appears to be most concentrated in what we call ‘first time buyer homes’ – properties with two bedrooms or less.

Of course, there is no such return to 2019 levels in the rental market with rents currently at record highs – and it’s this that could be the main reason driving the volume of house price sales – first time buyers are looking to accelerate their purchases to avoid paying higher and higher rents. Indeed, this would account for the higher sales volumes in the lower price bracket which has reached a record price in April – an average price of £224,963.