Last year most property sales in London involved flats which sold for on average £449,599. Terraced properties sold for an average price of £586,078, while semi-detached properties fetched £552,746.
London, with an overall average price of £522,248 was more expensive than nearby South East (£324,541), East of England (£260,453) and East Midlands (£171,697). The priciest area within London was Central London (£1,405,207) and the least expensive was East London (£353,968).
During the last year, sold prices in London were 11% up on the previous year and 25% up on 2011 when the average house price was £417,953.