Last year most property sales in London involved flats which sold for on average £563,410. Terraced properties sold for an average price of £667,457, while semi-detached properties fetched £648,859.
London, with an overall average price of £627,818 was more expensive than nearby South East (£395,193), East of England (£333,484) and East Midlands (£207,954). The priciest area within London was Central London (£1,820,974) and the least expensive was East London (£473,276).
During the last year, sold prices in London were 3% up on the previous year and 15% up on 2015 when the average house price was £544,211.