1. London

Jump in property prices takes average value to £499,000

House prices in London have continued to increase around twice as quickly as those across the UK, with the capital seeing a 19.3% jump in prices in the 12 months to June, according to the Office for National Statistics.

The average house price in London is now just shy of half a million pounds, at £499,000.

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Average London house prices rise to £499,000

House prices in London have continued to rise around twice as quickly as those across the UK, with the capital seeing a 19.3% jump in prices in the 12 months to June.

Today's figures have been released by the ONS Credit: PA

Figures from the Office for National Statistics show the average house price in London is now just shy of half a million pounds, at £499,000.

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