Last year most property sales in London involved flats which sold for on average £562,721. Terraced properties sold for an average price of £664,038, while semi-detached properties fetched £646,716.
London, with an overall average price of £625,942 was more expensive than nearby South East (£393,672), East of England (£332,890) and East Midlands (£206,869). The priciest area within London was Central London (£1,840,915) and the least expensive was East London (£471,052).
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 £544,211.