Last year most property sales in London involved flats which sold for on average £456,984. Terraced properties sold for an average price of £591,112, while semi-detached properties fetched £559,693.
London, with an overall average price of £530,753 was more expensive than nearby South East (£334,673), East of England (£272,529) and East Midlands (£176,896). The priciest area within London was Central London (£1,419,537) and the least expensive was East London (£365,133).
During the last year, sold prices in London were 6% up on the previous year and 22% up on 2012 when the average house price was £434,676.