Buyer demand has been growing since March 2015 the team at Limehouse estate agency Hurford Salvi Carr has said in a recent study.

The firm’s half-year report found people were holding back before the election, but just ahead of it business started to pick up.

It stated: “The confidence that followed the election result brought an acceptance of the pricing levels set in 2014 and activity increased to heights not seen for almost a year.”

Despite this slowing in the market, prices still climbed by 3% in the City and Midtown and by 5% in the Docklands in the first six months of 2015 – mainly in “small bed apartments”.

However, two-beds were “virtually unchanged” in Midtown and the City and went up by 2% in Docklands.

The report continues: “Supply of new instructions across our markets remained low as typical owners were, and are, under no pressure to sell.

“Sales took longer to agree and exchange too, especially where mortgage funding was involved.”

The average price of a one-bedroom apartment in City, Midtown and Docklands is now £540,000 – yet Midtown markets can demand £640,000 for a one-bed, whereas the figure is £440,000 in Docklands.