Average property prices leapt up £2,500 in October –  equal to £80 a day – to reach a record high this year, according to estate agent Your Move.

It said that house prices are rising at their fastest level since April, as London drives the property price boom. Average house prices in the capital have risen £24,636 in the last year alone, which is equal to 75% of a typical Londoner’s salary.

The number of sales recorded was also up sharply, with last month proving the strongest October since before the credit crunch, and it was the North of England that experienced the biggest boost in sales.

The only notable dip, according to Your Move, was in high value homes worth over £1.5m, which saw a large drop in sales of 35% year on year, as buyers were put off by new Stamp Duty rates.

Adrian Gill, director of the estate agent, explained:

“The Chancellor’s intimidating Stamp Duty remodel is still spooking the top end of the London market. Properties worth over £1.5m have been hit with a Stamp Duty increase, currently set at 12% of the portion of the property’s value above £1.5m, up from 5% previously. As a result, sales of homes worth more than £1.5m have fallen by 35% in Q3, compared to a year ago.

“This tax has really put the shackles on the prime market in the capital, as three quarters of these sales since January 2014 took place in London. Stamp Duty has had strong implications for the South East too, with prices dropping in other typically more expensive areas, such as Windsor and Maidenhead.”