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By 2011, the average property price was £245,319.
The average property price there in April was £928,217.
The average property tax bill in the city last year was $7,020.
It would cost the average property owner an estimated $39 a year for 30 years.
The cheapest borough in London is Barking and Dagenham, where the average property costs £239,348.
The average property tax bill statewide was $4,651 last year.
The average property price in London, according to Nationwide, is £400,000.
The building society put the average property price at £188,559, only £300 less than the Halifax's finding.
They have been on a rapid downward path since peaking last autumn at £186,000 for the average property.
In the house price peak of November 2007, the average property was priced at £181,383, it said.
The average property sold in London fetched £40,000 in 1983; the figure is now £449,000.
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