Last year most property sales in London involved flats which sold for on average £432,895. Terraced properties sold for an average price of £569,906, while semi-detached properties fetched £532,569.
London, with an overall average price of £504,682 was more expensive than nearby South East (£314,917), East of England (£253,229) and East Midlands (£168,279). The priciest area within London was Central London (£1,339,646) and the least expensive was East London (£340,706).
During the last year, sold prices in London were 9% up on the previous year and 21% up on 2011 when the average house price was £417,936.