Last year most property sales in London involved flats which sold for on average £553,498. Terraced properties sold for an average price of £680,216, while semi-detached properties fetched £657,865.
London, with an overall average price of £629,012 was more expensive than nearby South East (£400,299), East of England (£336,070) and East Midlands (£210,974). The priciest area within London was Central London (£1,796,014) and the least expensive was East London (£472,718).
During the last year, sold prices in London were similar to the previous year and 16% up on 2015 when the average house price was £544,206.