Estate agent Chestertons has reported a 76% increase in sales enquiries since last year.
In the 10 days after 2 January, sales enquiries increased as well as buyer registrations by 15.6%.
Chestertons also reported a 43.7% in the number of offers made in this period.
The estate agents said the number of new properties coming on to the market was also 29% higher compared with 2019, “giving an encouraging sign that supply issues in London could be starting to ease.”
Guy Gittins, managing director of Chestertons, said: “As agents, we’re in a privileged position as we get to see data that is not readily available to the general public and allows us to get an early indication on what is happening in the market right now.
“For example, looking at the number of new applicants we are registering gives us a good indication of market sentiment and analysing the number of offers those prospective buyers are making show us their level of motivation.
He added: “Looking back over many years of data, we’ve never seen such a sharp increase in buyer and seller activity, which is no doubt a result of the ‘pent-up demand’ that agents and other property commentators have been talking about for the past two years.
“We’re hopeful that this will result in more properties coming on to the market over the coming months, as the London market is dramatically under-supplied.”