New asking prices hit record high

'Many sellers are recognising the reality of the market and pricing much more competitively from day one,' says property portal.

Deal volumes jumped 48% from Q1 to Q2, as Coutts points to 'some of the most attractive opportunities seen in the Prime London market for more than a decade.'

Zoopla says leasehold flats 'present an opportunity' for buyers 'who are prepared to do their homework' as reforms hove into view.