Last year most property sales in London involved flats which sold for on average £555,137. Terraced properties sold for an average price of £666,517, while semi-detached properties fetched £657,267.
London, with an overall average price of £623,427 was more expensive than nearby South East (£395,880), East of England (£333,974) and East Midlands (£206,779). The priciest area within London was Central London (£1,719,376) and the least expensive was East London (£467,273).
During the last year, sold prices in London were 5% up on the previous year and 15% up on 2015 when the average house price was £544,216.