Last year most property sales in London involved flats which sold for on average £554,663. Terraced properties sold for an average price of £687,411, while semi-detached properties fetched £656,753.
London, with an overall average price of £636,962 was more expensive than nearby South East (£410,483), East of England (£343,238) and East Midlands (£219,542). The priciest area within London was Central London (£1,583,918) and the least expensive was East London (£481,854).
During the last year, sold prices in London were 4% up on the previous year and 3% up on 2017 when the average house price was £619,303.