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But prices in London are rising slower than any other top 10 property market by value in the UK.
Stagnant wage growth and rocketing house prices have caused home-ownership in adults to "collapse," according to a report from the Institute for Fiscal Studies.
House prices in hyper-expensive prime central London are starting to recover after a chaotic 2017.
House prices in the capital remain firmly in negative territory.
Nationwide's chief economist said the acceleration in prices was "a little surprising"
The former family home of Stanley Johnson, father of foreign secretary Boris Johnson, is up for sale, but it'll cost you.
'The scale and cost of this are yet to be fully grasped,' said Mark Farmer, who led a government-commissioned review into the construction industry.
Chancellor Philip Hammond abolished stamp duty for all first-time homebuyers on properties under £300,000 in November.
Rightmove also said asking prices dipped in January to their lowest since August 2015.
London house prices fell for the first time in eight years in 2017 and the capital was the worst performing region of the UK for the first time since 2004.