The number of property transactions bounced back last month as the topsy-turvy market continued, Land Registry data suggests.

The Land Registry’s latest Price Paid Data report, recording the number of sales lodged for registration, shows there were 77,166 residential transactions during May.

This was up 6.7% on April but down 4.2% annually.

Of all registrations received in May, the Land Registry said 21,349 took place during the month.

Of these, 375 were for residential properties in England and Wales for £1m.

London had most million-pound sales in the month at 215, while Birmingham and Manchester had one each.

The most expensive residential sale during the month was of a detached property in the Royal Borough of Kensington & Chelsea for £15.7m. The cheapest was for two properties in Rushden, east Northamptonshire, for £9,500.

The time lag at the Land Registry means it can take months for property transactions to appear, but the latest data reflects what many agents are describing as a topsy-turvy and unpredictable market.

Transactions filed to the Land Registry had dropped 27% between January and February, before increasing 5.3% in March and then falling 13.4% in April.