Last year most property sales in London involved flats which sold for on average £539,332. Terraced properties sold for an average price of £675,172, while semi-detached properties fetched £658,562.
London, with an overall average price of £617,651 was more expensive than nearby South East (£389,862), East of England (£325,490) and East Midlands (£199,914). The priciest area within London was Central London (£1,666,673) and the least expensive was East London (£454,858).
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 £523,727.