Last year most property sales in London involved flats which sold for on average £462,211. Terraced properties sold for an average price of £597,490, while semi-detached properties fetched £575,130.
London, with an overall average price of £539,018 was more expensive than nearby South East (£341,729), East of England (£279,783) and East Midlands (£179,912). The priciest area within London was Central London (£1,353,719) and the least expensive was East London (£377,769).
During the last year, sold prices in London were 4% up on the previous year and 24% up on 2012 when the average house price was £434,696.