The year-on-year decline on London house prices continued despite the annual spring surge, with sales in inner London taking the biggest hit, according to data from Rightmove.

Greater London reported a monthly price increase of 1.2 per cent, the equivalent of £7,339, pushed primarily by outer London properties that saw an increase of 1.9 per cent. Inner London properties, however, registered a slight bump of just 0.6 per cent.

Commenting, Rightmove housing analyst Miles Shipside said: “Price increases are the norm at this time of year, with only one fall in the last ten years.

“New seller asking prices have risen at this time of year for the last four years, and this year it seems that sellers in outer London are leading the way in asking for higher prices. Given the uncertain state of the London housing market in both London and its surrounding belt, it remains to be seen how successful they will be.”

When comparing the recent figures to the same period last year, London house prices are 0.9 per cent cheaper, whereas prices in inner London have fallen 3.8 per cent. While greater London experienced a monthly increase in house prices, annually, they were 2.5 per cent (£16,157) cheaper than 12 months ago, with an average asking price of £621,589.

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