Last year most property sales in London involved flats which sold for on average £460,851. Terraced properties sold for an average price of £594,166, while semi-detached properties fetched £560,744.
London, with an overall average price of £533,018 was more expensive than nearby South East (£332,312), East of England (£268,083) and East Midlands (£175,726). The priciest area within London was Central London (£1,526,898) and the least expensive was East London (£359,372).
During the last year, sold prices in London were 10% up on the previous year and 23% up on 2012 when the average house price was £434,686.