London homeowners have seen the value of their properties increase over the past month - despite a nationwide downward trend in house prices.
UK property values suffered a month-on-month fall of nearly 3 per cent in today's House Price Index (HPI), which is the first time this year that prices have fallen.
The average UK home was worth £265,497 in April which was down 2.7 per cent on the previous month but up 3.5 per cent compared to the previous year.
Meanwhile the average London property was priced at £566,614 in April, following a rise of 2.6 per cent month-on-month, and a 3.3 per cent gain annually.
The overall monthly price fall for the UK followed changes to stamp duty that came into force in April and piled more costs onto buyers, particularly on pricier homes.
