City workers are rushing to offload their Canary Wharf apartments amid job losses in the financial sector, according to figures from Rightmove.

There has been a 12.4% rise in properties up for sale in the borough of Tower Hamlets, east London, home to Canary Wharf and the Docklands. The number of properties for sale for between £750,000 and £1m in these postcodes has doubled in the past month, the website's latest asking price index showed.

Rightmove said that the levels were 'nseasonably' high and indicated that concerned sellers were being forced to sell their higher-value homes. It blamed the sudden rush for the 0.4% increase in London asking prices over the past four weeks, from £390,340 to £391,721.

The Times