Last year most property sales in London involved flats which sold for on average £546,526. Terraced properties sold for an average price of £667,415, while semi-detached properties fetched £659,497.
London, with an overall average price of £619,067 was more expensive than nearby South East (£395,401), East of England (£333,340) and East Midlands (£206,160). The priciest area within London was Central London (£1,640,702) and the least expensive was East London (£466,716).
During the last year, sold prices in London were 5% up on the previous year and 14% up on 2015 when the average house price was £544,213.