Last year most property sales in London involved flats which sold for on average £538,254. Terraced properties sold for an average price of £665,874, while semi-detached properties fetched £660,053.
London, with an overall average price of £615,598 was more expensive than nearby South East (£393,442), East of England (£330,491) and East Midlands (£202,683). The priciest area within London was Central London (£1,617,802) and the least expensive was East London (£459,617).
During the last year, sold prices in London were 5% up on the previous year and 13% up on 2015 when the average house price was £544,274.