The typical property asking price rose to £236,939 in March, a 4.9pc rise over the first three months of this year and the largest first quarter increase since 2004, Rightmove said in the survey published on Monday.
London asking prices reached a new high of £455,159, up 7.3pc year-on-year, and the average asking price in Kensington and Chelsea has broken the £2 million barrier for the first time, with typical prices standing at £2,000,120 in the borough.
Strong interest from overseas buyers has helped to boost the London market, while all 10 regions in England and Wales recorded monthly price rises in March.
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