Last year most property sales in London involved flats which sold for on average £541,485. Terraced properties sold for an average price of £741,732, while semi-detached properties fetched £709,708.
London, with an overall average price of £672,918 was more expensive than nearby South East (£451,178), East of England (£372,179) and East Midlands (£237,815). The priciest area within London was Central London (£1,593,323) and the least expensive was East London (£500,464).
During the last year, sold prices in London were 5% up on the previous year and 8% up on 2018 when the average house price was £621,755.