The UK housing market has reported healthy growth in March, on the back of a surge in first-time buyer activity, according to Connells Survey & Valuation.

In March, the total number of valuations carried out rose 8% year-on-year and grew by almost a quarter (21%) compared to February of this year. The firm says that this was primarily due to the first-time buyer sector posting strong monthly and annual growth figures. In March, the number of valuations carried out for those taking their first step onto the property ladder increased by 41% compared to the previous month and 15% compared to March 2015.

The first-time buyer sector’s vigorous performance helped counteract a dip in buy-to-let activity in March, as the 3% Stamp Duty charge on second homes– that took effect on 1st April – drew near.

John Bagshaw, corporate services director at Connells, comments: “The buy-to-let market has endured a turbulent month but we expect this to be a short-term tumble, with investors adopting the standard-kneejerk reaction to legislative changes by proceeding cautiously.”