Last year most property sales in London involved flats which sold for on average £459,813. Terraced properties sold for an average price of £583,183, while semi-detached properties fetched £560,224.
London, with an overall average price of £529,675 was more expensive than nearby South East (£334,457), East of England (£274,327) and East Midlands (£177,413). The priciest area within London was Central London (£1,391,286) and the least expensive was East London (£369,805).
During the last year, sold prices in London were 4% up on the previous year and 22% up on 2012 when the average house price was £434,689.