The average UK house price rose 0.5% in February to £367,994, as the number of available homes for sale hit a 10-year high, according to new data from housing platform Rightmove (RMV.L).

A supply glut has meant weaker price growth than the market normally sees in February.

Buyers are now looking to the stamp duty deadline, with a conveyancing log-jam expected to get purchases over the line before the 1 April change.

There are more than 550,000 homes sold yet awaiting legal completion, 25% more than at this time last year, Rightmove said. First-time buyer purchases between £500,001 and £625,000 are most affected, with an extra £11,250 at risk for this group if the deadline is missed.

The average time to complete a property transaction is still around five months, meaning that the typical mover has been working against the clock for some time to complete before the end of March and beat any stamp duty increase.

Hello from London. It's another week. While tariff news seems to be quieter for now, geopolitical tensions are still high with prime minister Keir Starmer saying he is "willing to contribute to security guarantees to Ukraine by putting our own troops on the ground if necessary".

European leaders are meeting in Paris this afternoon to discuss defence and the Russia-Ukraine conflict.

This morning we've also had the latest UK house price numbers from Rightmove (more on that to come).

Let's get to it.