Property prices in prime central London nudged up by 0.3% in April, says Knight Frank, to take the annual rate of growth at a five-year low of +2.8%.

The average property for sale on Zoopla is now reduced by 6.05% compared to its original asking price; that's the lowest discount figure since 2010.

The Office of Budget Responsibility has revised its medium-term forecasts for the property market down by 5% to +34.1% by Q1 2020, but not as a result of yesterday's Budget. In real terms, that's a +13.