High end sellers and buyers who held off in the run-up to the election have flooded back into the market - and are demanding higher prices than ever before.
 
The number of listings in the capital increased by 45 per cent in the two weeks after the election, adding more than £100,000 to asking prices.
 
The shock figures were released by getagent.co.uk which scans listings on portals including Rightmove and Zoopla.
 
The perceived stability of a majority Conservative government gave the market a confidence boost, pushing the average listed price to £898,822, from £767,777 in the four weeks to May 7.
 
In particular the removal of the threat of Labour's Mansion Tax has jolted the high end sector to life, as the number of properties listed above £2million has tripled.
 
But even the number of homes listed below £500,000 has increased by a third from 3040 from the month prior to the election to 4028 in the weeks that have followed.
 
Colby Short, cofounder of GetAgent, said: “The increase in the number of £2million plus properties listed after the election clearly demonstrates the effect that the possibility of the mansion tax was having on the high-end property market.
 
"The stability of a majority government has clearly helped consumer confidence and the effect of this on the property market is borne out by these asking price increases.”
 
In the longer term, critics have suggested that prices will also keep on climbing, as supply fails to meet demand.
 
It's estimated that 245,000 new homes are needed a year, but last year just 141,000 were built.
 
Estate agent Savills predicts that prices will increase by 19.3 per cent over the next five years across the UK and by 10.4 per cent in London.
 
House prices in the capital have already increased by 32 per cent since their peak before the crisis, according to the Office for National Statistics.
 
Experts said that the election result could mean that interest rates stay lower for longer, which would also stimulate housing activity.

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