Last year most property sales in East London involved flats which sold for on average £388,626. Terraced properties sold for an average price of £447,127, while semi-detached properties fetched £490,927.
East London, with an overall average price of £416,533 was cheaper than nearby North East London (£462,609), South East London (£482,305) and Central London (£1,423,527). The priciest area within East London was Tower Hamlets (£511,189) and the least expensive was Barking And Dagenham (£263,669).
During the last year, sold prices in East London were 12% up on the previous year and 34% up on 2013 when the average house price was £311,114.