Home buyers in London were twice as likely as the typical UK purchaser to acquire a property valued at £250,000 or more in 2012.

Just 27 per cent of transactions made in the country last year fell into this price bracket, while this proportion jumped to 60 per cent in Greater London.

The figures, which were published by Halifax Intermediaries Premier Mortgages, reflect how unparalleled demand in the capital has pushed up valuations significantly.

Land Registry data show that the average property price in the region was £373,207 in January, while abodes in England and Wales typically went on the market for £162,441.

There may also be a larger stock of premium housing in the capital, which attracts high interest from international property investors.

Head of sales at Halifax Intermediaries Ian Wilson believes that improved accessibility to mortgage products will fuel further increases to housing market transactions above £250,000.

Sales: Vanet Property Asset Management is a trading name of Countrywide Estate Agents,
Registered in England Number 00789476. Registered Office: Greenwood House, 1st Floor, 91-99 New London Road, Chelmsford, Essex, CM2 0PP

Lettings: Vanet Property Asset Management is a trading name of Countrywide Residential Lettings Limited, Registered Office: Greenwood House, 1st Floor, 91-99 New London Road, Chelmsford, Essex, CM2 0PP.
Registered in England Number 02995024 which is an agent and subsidiary of Countrywide Estate Agents, Registered Office: Greenwood House, 1st Floor, 91-99 New London Road, Chelmsford, Essex, CM2 0PP.

Registered in England Number 00789476. Countrywide Residential Lettings Limited is regulated by RICS. Countrywide Estate Agents is an appointed representative of Countrywide Principal Services Limited which is authorised and regulated by the Financial Conduct Authority.