Comments are made by Rightmove's data chief Tim Bannister in the portal's latest house price index commentary.

Cost of living and energy crisis and rising inflation and interest rates fail to slow house price surge in the UK, says Rightmove in its latest report.

The portal says it's been an extraordinary six-months for the housing market during which demand has been outstripping supply heavily.

Problems for letting agents loom as Rightmove research shows many rental properties will never make the required band C required by 2030.

Rightmove says homes are taking juts 45 days to sell at the moment, the fastest ever reported by the portal.

Scheme is for all homes for sale under £600,000 and will run until the end of the year and be limited to £3.9 billion.

Portal reports surge in vendors who have no onward property to buy and who are renting instead to be 'no chain' buyers later.

Portal reveals that number of buyer enquiries are at record levels and that sales agreed are 12% up on March last, before the first lockdown.