House price growth in the South East is set to grow faster than in London in the coming years as buyers spread their search outside the capital, according to property website, Rightmove, who predicts that Southampton, Luton and Brighton will b thee "country's best property bets" for those house hunters who have been priced out of London.

Its latest data found that sellers' asking prices across England and Wales edged up by 2.6% month-on-month in October to reach £271,669 on average, which is the lowest monthly rise seen at this time of year for six years.

Rightmove said buyers are becoming "more wary and value conscious", against a background of interest rate rises expected in 2015, a looming general election and property prices having already increased strongly in many areas, particularly London.

Analysis by Rightmove and Oxford Economics forecasts that the South East will be the region with the highest increase in property values over the next five years, with a 37% increase over the period, ahead of London at 33% and the national average at 30%.

Find out why the Telegraph advises that now ‬ is the right time to buy a property