Owning a property in London is no longer a guaranteed route to increasing wealth according to new research.

Rathbones, a UK wealth and asset manager, has conducted an in-depth analysis of property prices in England over the past century.

Wandsworth and Kensington and Chelsea are on the list of boroughs with an annual growth of less than 0.5% from 2016 to last year.

Overall property prices in London slumped by 2% with outer London seeing only a 2.8% rise which is well below historic rises.

Their conclusion is that the London property “boom” representing a 9% annual rise spanning 1995 to 2016 is well and truly over.