Last year most property sales in London involved flats which sold for on average £461,261. Terraced properties sold for an average price of £596,120, while semi-detached properties fetched £561,714.
London, with an overall average price of £534,092 was more expensive than nearby South East (£331,834), East of England (£266,896) and East Midlands (£175,346). The priciest area within London was Central London (£1,519,953) and the least expensive was East London (£360,016).
During the last year, sold prices in London were 11% up on the previous year and 23% up on 2012 when the average house price was £434,699.