London has experienced a surge in house prices over the past year, with only four boroughs recording no or negative growth.

Westminster has seen the biggest rise out of all London boroughs with prices soaring 19 per cent in the 12 months to the end of October. The average house there now costs £939,095.

The figures, produced by Lloyds Banking Group using Land Registry data, show that the borough with the second-largest rise is Haringey, in north London. House prices increased by 11 per cent over the year, with the average house now fetching £421,675.

The growth in London house prices is in stark contrast to that of the overall picture in England and Wales. In the same period England and Wales house prices slipped 3.2 per cent, according to the Land Registry. London house prices rose 0.3 per cent, the only region to record positive growth in the 12-month period.

Completing the top five London boroughs with biggest house price growth are Islington (10 per cent), Kensington and Chelsea (9 per cent) and Redbridge (9 per cent).

The most expensive borough is Kensington and Chelsea where the average house costs an eye-watering £1.3 million. The cheapest is Barking and Dagenham, at £175,775. But this is still some way higher than the average house price in England and Wales, which sits at £159,999.

The London boroughs that saw no or negative growth are Hackney (no change), Tower Hamlets (-1 per cent), Newham (-1 per cent) and Havering (- 2 per cent).