House prices across England and Wales ended last year at an average of £292,077, Your Move and Reeds Rains report this morning.
The sister firms owned by LSL say that the figure represents a rise of 6.6% annually, with the average house price up £17,963 during the year.
While property values dropped an average of 8.7% in central London, dragged down by higher Stamp Duty Land Tax on the most expensive homes, prices elsewhere in London jumped 11%.
The firms also say that last month was the strongest December for house sales since 2006 as buyers competed for fewer homes on the market. There was a total of 85,000 home sales.
Adrian Gill, director of Your Move and Reeds Rains, said that new price records were established for every single month last year.
He said: “If the current speed of house price growth continues into 2016, the value of the average home may soon pass the £300,000 watermark, having reached £250,000 in December 2013.
“Property price rises have certainly left the recession in their wake.”
He added: “Regionally, house prices in the south-east have been increasing at a rate of knots, enjoying the fastest growth of any region.
“The 8.1% year-on-year price rise has been particularly propelled by demand for homes in commuter towns. Luton has seen the largest increase of 18.5% year-on-year, with the average cost of a semi-detached home in the town increasing by approximately £40,000 since 2014.
“The east midlands has also seen a significant surge in house prices, overtaking East Anglia to become the second fastest growing region in England.
“This acceleration has emanated from a boom in Nottingham, which has seen year-on-year house price growth of 10.6%, boosting the region’s overall annual growth rate of 6.7%. Average property prices in the city have risen £14,691 in a year and now stand at £152,978.”