Last month more first time buyers took a trip to their local estate agent than at any stage since the beginning of last summer.

Figures from the National Association of Estate Agents (NAEA) show that 23 per cent of all property sales made in January came from people taking their first steps on the property ladder, a rise of two per cent on figures posted in December.

It marked the third month in succession that sales to first time buyers has risen and represents the largest proportion of total sales since May last year when it accounted for 24 per cent.

NAEA President Wendy Evans-Scott said: "First Time Buyers seem to be making the most of the Stamp Duty Holiday before it comes to an end in March.

"The NAEA and other property specialists campaigned hard for the government to introduce the tax exemption to support first time buyers, and these latest figures certainly suggest that stamp duty is a key factor for those on tight budgets purchasing their first home. 

"We are deeply disappointed that ministers have axed this support for a crucial part of the housing market which has benefited so many house-hunters in getting onto the property ladder."

Overall property sales also rose last month, with an average of six per branch compared to five in December.

At the same time the number of properties available fell to its lowest level for 19 months, with just 60 properties being marketed by estate agents on average.

Santander recently estimated that the stamp duty exclusion for first time buyers has saved them a collective £319 million since it came into force in 2010.

It will end on Saturday March 24th, after which first time buyers will liable for the normal stamp duty rate which stands at one per cent on purchases between £125,000 and £250,000.

As before, purchases between £250,001 and £500,000 are eligible for tax at three per cent, between the £500,001 and £1 million the rate is four per cent and over £1 million it's five per cent.