Last year most property sales in London involved flats which sold for on average £556,146. Terraced properties sold for an average price of £666,852, while semi-detached properties fetched £654,761.
London, with an overall average price of £623,968 was more expensive than nearby South East (£395,735), East of England (£333,275) and East Midlands (£206,424). The priciest area within London was Central London (£1,765,690) and the least expensive was East London (£472,010).
During the last year, sold prices in London were 4% up on the previous year and 15% up on 2015 when the average house price was £544,225.