Data published yesterday by Halifax showed the capital's supply of homes for sale - both new-builds and people putting their previously-loved properties on the market - continues to be pathetically low.
But as the government attempts to increase the number of homes being built in the capital, parts of London are about to experience mini housebuilding revolutions.
Knight Frank's Global Development Report, published yesterday, highlighted the areas where the biggest opportunities exist for London's developers. Where will the capital's hottest residential areas be in the next 10 years? Read on...
Why? When Crossrail arrives in 2018, Acton will be connected to the capital via a high-speed link
How many homes? There are 1,000 homes with planning permission at the moment, although there is scope for far more
Who'll live there? City workers, those who need an easy link to The North (Old Oak Common's HS2 hub isn't far)
2. Old Oak Common
Why? One of London's few remaining large-scale brownfield areas, Old Oak Common is earmarked as a transport "superhub", with a huge interchange between HS2 and Crossrail planned
How many homes? Plans are being drawn up for as many as 24,000 new homes - as well as retail property and new homes
Who'll live there? Again, the area will be opened up to City workers
3. Earls Court
Why? Whatever you think of the demolition of the old conference centres, the area is about to become one of London's largest regeneration projects
How many homes? Under current plans, 7,500 homes across four "villages" are planned - although they are still the subject of disputes from locals
Who'll live there? Is this the beginning of the extension of Kensington and Chelsea? The area is ripe as a new hotspot for the super-rich - and with prices expected to hit £2,000 per sq ft, they may be the only ones who can afford it
Why? Currently an odd no-man's-land wedged between Paddington and Notting Hill, plans to redevelop part of Queensway mean buyers are sniffing around. It'll also be served well by Paddington's Crossrail station
How many homes? At the moment it's on a per-development basis but Knight Frank suggests buyer demand is rising
Who'll live there? Notting Hill-types and City slickers, as prices edge towards £2,750 per sq ft
5. Nine Elms
Why? Need we explain? The regeneration of Battersea Power Station, coupled with the impending arrival of the American Embassy, means billions is being ploughed into the area
How many homes? At the moment, 15,000 homes are planned over the next 10 years
Who'll live there? Anecdotal evidence suggests many of the homes - particularly in the power station development - are owned by investors who will rent them out. With a luxury feel to many of the apartments on offer, the developments are aimed at professional renters