The welcoming of Autumn brings with it an all-time seasonal high in the housing market. Data from Rightmove has recorded an annual rise in house prices of 5.8%, showing an increase of 0.3%. The current standing of the housing market has generated an appeal for many homeowners to sell before managing to secure a new home, with high demand and reduced stock levels creating fierce competition.

With the end of September bringing to a close the increased 0% stamp duty threshold, this brings to a close all reductions in stamp duty for buyers. For London this is unlikely to create a noticeable change to the market as the maximum saving of £2,500 is disproportionate to London house prices. The market therefore remains as a sellers market sue to the lack of stock.

However, there are some promising signs for buyers that the market is beginning to stabilise. With Rightmove also revealing, as is typical for this time of year, and in line with predicted market trends, that new stock levels have increased by 14% (including SSTC listings). This could provide buyers with some optimism and put them in good stead for securing the property they desire.

The lettings market remains very busy with stock being snapped up at record high prices in record times due to the excess number of tenants top available rental properties. With landlords remaining to be taxed on additional home prices the market for a 'second home pension' is quiet and tenants are renewing tenants at a very high percentage rate are the rents being achieved for the available rental stock likely to increase further moving forwards?