Figures in the area have shot up by 22.2% according to lender Halifax and have experienced the largest increase in the UK.
This means properties in areas such as Stratford and the Royal Docks now cost an average of £319,522.
And the extra £58,000 on the property price tag was a huge increase on the national average of £21,000 across the UK.
The jump could be down to external factors, such as the impact of the London 2012 Olympics and development of the ABP in Docklands.
Royston, a town in the South East, took second place with an increase of 19.1% while the Greater London areas of Redbridge and Enfield scooped third and fourth places respectively.
Housing economist at Halifax, Martin Ellis, said: “Those areas that have seen the biggest house price increases over the past year are either in outer London or within close commuting distance of the capital.
“Demand in these areas has risen as rapid house price rises in central London in the past few years have caused increasing numbers of people to look for property in more affordable areas.
“A few towns have experienced modest price falls. These areas are typically still suffering from relatively weak employment and economic conditions, which has dampened local housing demand.”
The top ten biggest increases were all in greater London or the South East.
Meanwhile, prime central London borough of Kensington and Chelsea was the seventh worst performing area in the country with a house price growth of just 1%.
But this was still enough to see the average price climb to £807,407.
It is thought recent stamp duty changes have made transactions at the top end of the market more expensive.