Last year most property sales in London involved flats which sold for on average £456,323. Terraced properties sold for an average price of £595,166, while semi-detached properties fetched £564,658.
London, with an overall average price of £532,455 was more expensive than nearby South East (£334,722), East of England (£271,618) and East Midlands (£176,360). The priciest area within London was Central London (£1,484,895) and the least expensive was East London (£363,250).
During the last year, sold prices in London were 8% up on the previous year and 22% up on 2012 when the average house price was £434,676.