Rents set to rise 3% in 2025, predicts Rightmove

"We think that 2025 will mark the beginning of a new property market cycle, with London leading the way, outperforming all other regions for the first time since 2015," says Hamptons' Head of Research.

'The mood of the housing market has shifted from trepidation to cautious optimism,' says national estate agency - but Hamptons' longer-term outlook is less bullish than other property market forecasts.

Knight Frank has updated its property market forecasts, expecting Prime Central London prices to out-perform other markets over the next five years.