These figures show the average price of a house in London from 1986, when the average property in the capital cost £55,000.
New figures show how much one square metre of property in London costs. See the price in your area in our borough by borough breakdown.
A decrease in asking prices has led experts to suggest the capital's soaring property market may be at its peak.
London property sales have grown at the fastest rate in 10 years. Between March and September last year, 100% of London suburbs recorded an increase in sales, compared to the year before.
The North, the West Midlands, Wales and London were named in the Lloyds Bank report as the regions with the biggest proportion of "property hot spots". It also found the biggest increase was in the East London suburb of Newham, which recorded an annual increase of 62%.
The bank has attributed the rise to low interest rates, improvements in consumer confidence and the introduction of government schemes.
Asking prices for houses in London have gone up by 7% since last year, the biggest jump in the country.
The new figures from Rightmove show the average house price in London is more than £500,000.
London is leading the way when it comes to rising house prices in Britain. 22 of the 33 London boroughs have set new records for the average house price last November. The biggest increases were in the boroughs of Enfield Greenwich and Hounslow
Buyers looking to invest in property in London next year may see prices rise by 11%, according to the Royal Institute of Chartered Surveyors.
The increase is being blamed on a shortage of homes coming onto the market.
Prices in the capital are rising faster than elsewhere in the country, with the national average rise just 8%.
Property prices in the Capital have had yet another bumper month according to new figures. The Land Registry figures for September shows prices went up by 1.9% in just one month - an annual increase of 9.3%. It takes the average property in London to £393,462.
Council flats near Borough Market have been bought at auction for almost 3 million pounds - making them the most expensive ever sold. But as Dan Hewitt reports, squatters have moved into the property in protest against the sale.
Property prices in the capital have had yet another boost according to new figures from The Land Registry.
- Figures for September show prices went up 1.9% in just one month.
- This means an annual increase of 9.3%.
- So the cost of the average property is £393,46.