London house prices: Hillingdon and Barking and Dagenham knock Newham off the top spot as London's fastest-rising boroughs

House prices in the west London borough of Hillingdon are now the fastest rising in the capital, knocking the Olympic borough of Newham off the top spot.

Average prices in Hillingdon have risen 14.4 per cent to £368,035 over the past year, according to the latest Land Registry figures released today.

The borough, home to Heathrow airport, is one of the top 10 cheapest areas for London home buyers - and is attracting those priced out of the nearby districts of Ealing and Hanwell.

Prices are also being driven up by the 'Crossrail effect', with West Drayton and Hayes & Harlington set to become two stations along the high-speed rail route, which will significantly cut journey times into the centre of London.

However, east London has dominated the charts of fastest-rising boroughs during 2015.

Homes in the east London borough of Barking and Dagenham have experienced similar price growth to Hillingdon, increasing by an average of 14.2 per cent to £302,625. It remains London's cheapest borough.

Newham, meanwhile, comes in a close third with an average annual growth of 13.2 per cent, taking house prices up to £325,004. The area has experienced huge growth since the Olympics, and is also due to become a Crossrail hotspot, yet it remains London’s third most-affordable area to buy a home in London - for now.