Last year most property sales in London involved flats which sold for on average £540,747. Terraced properties sold for an average price of £668,558, while semi-detached properties fetched £665,885.
London, with an overall average price of £619,181 was more expensive than nearby South East (£393,904), East of England (£331,086) and East Midlands (£203,868). The priciest area within London was Central London (£1,665,213) and the least expensive was East London (£459,284).
During the last year, sold prices in London were 5% up on the previous year and 14% up on 2015 when the average house price was £544,220.