Two Havering postcodes are among the 10 “hottest” property selling markets in the capital, according to new analysis. 

Despite widespread reductions in buyer demand in recent months, research by property market forecasters PropCast indicates that, across London, 63 per cent of postcode districts are currently in a “hot sellers market”. 

While the outer regions of the capital as a whole are experiencing particularly strong interest from buyers, according to the research, Havering’s market has two entries in the top 10. 

Romford’s RM7, which stretches down to Rush Green and up towards Collier Row Road, secured second place overall, with a temperature of 61 out of 100 indicating “very hot/extreme seller’s market”. 

RM5, which comprises the area around Collier Row, also featured, rounding off the top 10 with a rating of 58. 

The hottest postcode in London, according to PropCast, is DA18, in Bexley, near Belvedere, while on the other end of the scale, the coldest district is W1, with a market heat of 10 degrees.

Romford Recorder: PropCast's analysis indicates it is currently easier to sell homes in many outer London postcodes than inner LondonPropCast's analysis indicates it is currently easier to sell homes in many outer London postcodes than inner London (Image: PropCast)

Gavin Brazg, founder of PropCast and TheAdvisory, said factors such as energy bills, interest rates and mortgages have had a “huge impact” on London’s property market.

But he does not believe it is in for a “cataclysmic crash” despite widespread reductions in value. 

Noting that “the majority of London” is continuing to see falls in buyer demand, he advised: “Sellers need to remain realistic about what their home is worth, and choose a good local estate agent who will implement an optimal pricing and marketing strategy.

"Otherwise, they will find their home will struggle to sell. Whilst for buyers, they may be able to negotiate on price a bit more which could ease the burden of increased mortgage repayments.” 

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Matt Thompson, head of sales at estate agency chain Chestertons, said: “Many aspiring buyers have been adjusting their initial budget amid the rising cost of living and are therefore considering moving to London’s outer neighbourhoods which can present a good alternative to inner city locations.

“What’s further driving demand for these areas are ongoing infrastructural investments such as the Elizabeth Line which has vastly extended the search radius for some house hunters."