Last year most property sales in London involved flats which sold for on average £542,524. Terraced properties sold for an average price of £675,944, while semi-detached properties fetched £660,216.
London, with an overall average price of £620,249 was more expensive than nearby South East (£392,253), East of England (£327,316) and East Midlands (£201,033). The priciest area within London was Central London (£1,676,181) and the least expensive was East London (£454,222).
During the last year, sold prices in London were 7% up on the previous year and 18% up on 2014 when the average house price was £523,734.