Last year most property sales in London involved flats which sold for on average £539,928. Terraced properties sold for an average price of £675,216, while semi-detached properties fetched £654,747.
London, with an overall average price of £620,361 was more expensive than nearby South East (£402,088), East of England (£338,495) and East Midlands (£214,132). The priciest area within London was Central London (£1,658,374) and the least expensive was East London (£471,942).
During the last year, sold prices in London were similar to the previous year and 6% up on 2016 when the average house price was £584,529.