Last year most property sales in London involved flats which sold for on average £560,042. Terraced properties sold for an average price of £661,301, while semi-detached properties fetched £644,945.
London, with an overall average price of £623,855 was more expensive than nearby South East (£393,384), East of England (£332,577) and East Midlands (£206,351). The priciest area within London was Central London (£1,835,009) and the least expensive was East London (£472,693).
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 £544,224.