Last year most property sales in London involved flats which sold for on average £536,966. Terraced properties sold for an average price of £657,999, while semi-detached properties fetched £643,951.
London, with an overall average price of £607,686 was more expensive than nearby South East (£384,707), East of England (£321,888) and East Midlands (£197,953). The priciest area within London was Central London (£1,717,726) and the least expensive was East London (£450,918).
During the last year, sold prices in London were 6% up on the previous year and 16% up on 2014 when the average house price was £523,730.