Last year most property sales in London involved flats which sold for on average £538,248. Terraced properties sold for an average price of £669,432, while semi-detached properties fetched £660,610.
London, with an overall average price of £616,954 was more expensive than nearby South East (£392,988), East of England (£329,007) and East Midlands (£201,617). The priciest area within London was Central London (£1,628,077) and the least expensive was East London (£456,155).
During the last year, sold prices in London were 6% up on the previous year and 13% up on 2015 when the average house price was £544,207.