At 12.0%, the annual change for London is considerably higher than other regions in the UK.
The North West of the UK experienced the greatest monthly price rise with a movement of 2.6%.
The January data for London shows a monthly decrease of 0.2%
The average price of property in the capital is £458,283 compared to the average for England and Wales of £179,492.
Camden experienced the highest monthly increase, with a movement of 1.7%
The London borough with the highest annual price rise is Newham, with a movement of 23.4%.
Repossession volumes across the UK continue to exhibit a downward trend.
January 12- month Average price
All UK +1.3% +6.7% £179,492
London -0.2% +12% £458,283
Royal Borough of Kensington and Chelsea -1.9% +7.2% £1,294,767
City of Westminster +0.5% +15.1% £993,659
Source UK Land Registry
