According to the Royal Institution of Chartered Surveyors the number of buyer enquiries, agreed sales and new instructions are all on the wane across the UK, while the Land Registry reports prices in London falling during the year, making it not the only region of the UK to have suffered an annual average price decline.

But in exclusive new analysis of the number of homes on sale in every London borough compared to the number which are either sold subject to contract or under offer, online property market analyst PropCast has identified the 10 “hottest” markets in the capital, dominated by parts of north and east London.

The rental market proved to be resilient and it is experiencing huge demand.