House prices in Britain dipped by 0.8% in April after a rush on property in March and mounting uncertainty over Brexit.
But-to-let investors raced to purchase property before a hike in stamp duty came into effect in March.
The Halifax house price index indicates that prices moved up so far in 2016, despite the April dip. In the three months to April, prices rose 9% compared to the same three months last year, making the average house price just over £212,000.
Analysts had predicted that property prices were likely to fall back after the March surge and some are expecting a quiet few months until the EU referendum is settled and consumers regain confidence.
But, at the same time, demand continues to exceed supply and persistent low interest rates and strong employment should keep the market moving.
Lenders are relaxing lending criteria and homebuyers are able to acquire larger loans.
These factors are leading some observers to predict continued growth in property prices.
Chartered surveyors at Rics are reported to be estimating a rise of 2% in the second quarter of this year.
