London's property postcode lottery

Sarah Coles
Battersea Power Station - London
Battersea Power Station - London

If you believe the hype, London property owners are in the money. According to Rightmove, house prices in the capital reached a record high this month of £552,530 - and London prices have risen over 10% in the last year alone. However, lurking beneath the figures is a far less palatable truth for owners trying to sell up.

These prices are massively distorted by a few posh postcodes, and in reality prices in some areas have still not recovered from the financial crisis.%VIRTUAL-SkimlinksPromo%