Transactions surge with December deal numbers up by 11.6%

HMRC's seasonally-adjusted resi transaction count for June has come in at 104,590, up 4.7% on May 2015 and the highest monthly total seen since February of last year.

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.