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  1. ITV Report

Essex and Berkshire lead house price boom as central London falls

Towns such as Basildon and Slough have seen house prices surge by nearly 20% over the last year - while values have fallen in parts of top-end central London.

Basildon in Essex was singled out by the Office for National Statistics as the local authority with the strongest house price growth over the last year, having seen a 19.9% annual jump in property values. It takes the average house price there to £301,633.

Letting signs on display outside properties in South Kensington Credit: PA

Slough saw the next highest growth, with property values there surging by 19.6%.

Barking and Dagenham has seen the third strongest price growth, recording an 18.2% annual increase. Luton and East Renfrewshire completed the top five, both recording annual price growth of 17.7%.

The City of London was the local authority with the biggest fall in house prices over the last year. Property values have decreased by 8.8% annually there, to reach £712,936 on average.

Kensington and Chelsea in London - which typically has the most expensive property prices in the UK - has also seen a particularly strong price fall over the last year, with values there falling by 4.9% to reach £1.2 million on average.