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The annual increase for London house prices is the sharpest since records began in 2002.
- Prices rose by 9.6% in the South East
- 8.6% in the East
- Outside London and the South East, annual price increases averaged 6.4%
House prices in London rose by a record annual rate of 20.1% in May, according to the Office for National Statistics. It means the average home in the capital now costs £492,000, compared to £262,000 across the rest of England and Wales.
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These figures show the average price of a house in London from 1986, when the average property in the capital cost £55,000.