Last year most property sales in London involved flats which sold for on average £443,368. Terraced properties sold for an average price of £584,443, while semi-detached properties fetched £542,801.
London, with an overall average price of £516,304 was more expensive than nearby South East (£322,362), East of England (£258,118) and East Midlands (£170,809). The priciest area within London was Central London (£1,368,890) and the least expensive was East London (£349,827).
During the last year, sold prices in London were 10% up on the previous year and 24% up on 2011 when the average house price was £417,951.