Last year most property sales in London involved flats which sold for on average £551,865. Terraced properties sold for an average price of £671,270, while semi-detached properties fetched £659,322.
London, with an overall average price of £623,525 was more expensive than nearby South East (£395,560), East of England (£332,620) and East Midlands (£205,270). The priciest area within London was Central London (£1,708,369) and the least expensive was East London (£464,138).
During the last year, sold prices in London were 7% up on the previous year and 15% up on 2015 when the average house price was £544,219.
