Last year most property sales in London involved flats which sold for on average £508,217. Terraced properties sold for an average price of £645,982, while semi-detached properties fetched £635,616.
London, with an overall average price of £585,516 was more expensive than nearby South East (£376,200), East of England (£311,202) and East Midlands (£193,132). The priciest area within London was Central London (£1,551,214) and the least expensive was East London (£443,642).
During the last year, sold prices in London were 6% up on the previous year and 12% up on 2014 when the average house price was £523,709.