Buoyant market: Flat sale and purchase pacts rose to 11,876 in June, up 17.1% on May.

June saw 11,876 flat sale and purchase pacts, up 17.1% on May but down 0.9% on a year earlier, the Land Registry says.

The total consideration involved rose 69.2% on May and 46% on a year earlier, to $57.5 billion.

Using a 12-month moving average, the June figure represented a 0.1% dip on May - but a 37.3% rise compared with last June.

Of the sale and purchase pacts, 10,205 were for residential units, up 23.2% on May and 5.7% on a year earlier.

The total consideration involved rose 91.7% on May and 59.2% on last June, to $50.4 billion.