Last year most property sales in London involved flats which sold for on average £527,491. Terraced properties sold for an average price of £653,329, while semi-detached properties fetched £635,293.
London, with an overall average price of £599,843 was more expensive than nearby South East (£382,147), East of England (£320,583) and East Midlands (£197,332). The priciest area within London was Central London (£1,764,651) and the least expensive was East London (£447,252).
During the last year, sold prices in London were 5% up on the previous year and 15% up on 2014 when the average house price was £523,725.