Family Fortunes: How family home prices have shifted over the last four years

"New sellers appear to be pricing more keenly, to improve their chances of getting a quick sale and beating the March stamp duty deadline," says Rightmove.

But the majority of October's property exchanges in prime London still originated in deals done before the first national lockdown, says Knight Frank.

A recent survey has also found that British buyers are more likely to put forward a lower offer than asking price compared to their European counterparts.