Last year most property sales in London involved flats which sold for on average £545,597. Terraced properties sold for an average price of £777,585, while semi-detached properties fetched £768,539.
London, with an overall average price of £680,438 was more expensive than nearby South East (£472,852), East of England (£401,626) and East Midlands (£270,797). The priciest area within London was Central London (£1,376,110) and the least expensive was East London (£529,664).
During the last year, sold prices in London were 7% down on the previous year and 6% down on 2022 when the average house price was £722,848.
