Commenting in response to the Halifax House Price Index for April, Sarah Beeny, property guru and owner of estate agent, Tepilo said: “As annual growth slows slightly, I think we're seeing the fall-out of the increase in stamp duty which forced investors to bring forward their purchases and ensure they completed by the end of March. This pushed prices and demand up further and put the power in the hands of sellers as investors scrambled to find suitable buy-to-let properties before the deadline.

 “Things have calmed down for now whilst the market corrects itself but - whilst the imbalance between demand and supply continues, the labour market remains healthy and interest rates low - I don't think we're in for any big shocks. The next few months will be extremely interesting as we see how the uncertainly caused by the EU Referendum impacts the property market.

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