House prices rise 17% in London in a year

Annual house price rises in England are being driven by a 17% year-on-year increase in London, where the average house price has reached £459,000, according to the Office for National Statistics.

Read: House prices rise by 8% to reach £252k average

"House prices are increasing strongly across most parts of the UK, with prices in London again showing the highest growth," it said in a report.

It also recorded a 6.6% rise in the East and a 6.1% increase in prices in the South East.

More: David Cameron would consider changes to Help to Buy scheme

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Cameron would consider changes to Help to Buy scheme

David Cameron said he would consider changes to the government's Help to Buy mortgage guarantee scheme if advised to do so by the Bank of England. The Prime Minister said: "It is absolutely right that we are alert to any dangers and problems."