Last year most property sales in London involved flats which sold for on average £517,528. Terraced properties sold for an average price of £644,031, while semi-detached properties fetched £632,917.
London, with an overall average price of £590,189 was more expensive than nearby South East (£380,971), East of England (£318,222) and East Midlands (£196,921). The priciest area within London was Central London (£1,774,393) and the least expensive was East London (£449,563).
During the last year, sold prices in London were 4% up on the previous year and 13% up on 2014 when the average house price was £523,725.