Many of the London constituencies are run by Labour councils – but home owners have done very well since the Conservative-led coalition came to power in 2010.

Hackney, represented by Labour MPs Meg Hillier and Dianne Abbott and with a Labour council have seen the biggest rises across the capital – at 76.3% while Hammersmith and Fulham and Camden fly the red flag but have seen rises over 50%.

Across the country, Conservative-dominated areas have seen the biggest benefit from rising house prices since the coalition came to power.

Tory-run councils in Wokingham, Hertfordshire and Surrey have seen house prices rise by more than anywhere outside London since May 2010.

Of the 20 areas that have seen the biggest increases, 10 are Conservative-held and nine are in no overall control. Only one – Slough – is Labour-run.

By contrast, 19 of the 20 areas which have seen the biggest decreases in house prices since May 2010 are held by Labour.

The biggest decreases of all have been in Labour-run Merthyr Tydfil (down 27.1%), Blackpool (down 24.9%), Redcar and Cleveland (down 21.3%) and Knowsley (down 17.6%).

Across England and Wales as a whole, house prices have risen by 10.8% since May 2010.

That compares with a rise of 157.5% between 1997-2010, when Labour were in power. Tower Hamlets saw a 217% rise between 1997 and 2010 and Newham 259%

But, as usual, London marches to a different tune. Political persuasion appears to make little difference to the onward march of price rises. Of the 30 areas with the largest increases, all but one are in the capital.

AREA / COUNCIL CONTROL / AVE MAY 2010 / AVE NOW / % RISE

Hackney / LAB / 359,554 / 634,045 / 76.3

City Of Westminster / CON / 610,767 / 1,075,708 / 76.1

Hammersmith And Fulham / LAB / 481,402 / 799,703 / 66.1

Camden / LAB / 513,331 / 818,268 / 59.4

Lewisham / LAB / 258,538 / 408,878 / 58.2

Kensington And Chelsea / CON / 868,590 / 1,365,624 / 57.2

Wandsworth / CON / 368,714 / 577,867 / 56.7

Waltham Forest / LAB / 234,411 / 364,442 / 55.5

Lambeth / LAB / 333,989 / 518,922 / 55.4

Ealing / LAB / 308,822 / 479,463 / 55.3

Islington / LAB / 429,263 / 656,143 / 52.9

Southwark / LAB / 358,938 / 540,778 / 50.7

Haringey / LAB / 339,249 / 498,585 / 47

Richmond Upon Thames / CON / 431,897 / 626,832 / 45.1

Greenwich / LAB / 262,962 / 376,530 / 43.2

Tower Hamlets / IND / 345,756 / 493,912 / 42.8

Kingston Upon Thames / CON / 296,594 / 421,906 / 42.3

Merton / LAB / 328,578 / 464,024 / 41.2

Bromley / CON / 283841 / 386,187 / 36.1

Brent / LAB / 305,250 / 414,548 / 35.8

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30. Newham / LAB / 239,533 / 301,147 / 25.7