Whether you're a first-time buyer, a young tenant or a potential landlord looking to replace a pension with property, you could be looking at a very different London property market in 12 months' time.
While the run in to the BREXIT vote is temporarily reshaping the London property market, more permanent changes are just around the corner thanks to the result of the London Mayoral election.
Boris Johnson's Labour successor, Sadiq Kahn, has promised to put the property needs of Londoners at the top of his 'to do' list. While we are giving Khan a chance to get his feet under the desk at City Hall, there will be thousands of buyers, sellers, tenants and investors waiting for his promised raft of new measures to create a supposedly fairer London property market.
Detailed in Khan's pre-election manifesto include a plan to offer new build properties built in London to the capital's residents before they are marketed overseas; the introduction of 'part-buy, part-rent housing'; an increase in housebuilding to 50,000 new homes a year; the creation of a not-for-profit London-wide letting agency; a higher ratio of social housing to private housing on new developments; a London Living Rent in line with average local wages and not market rates, and the acceleration of landlord licensing, with a 'name and shame' register published for tenants to check.
Sadly, many politicians simply don't deliver what they promise and, in the case of the London Mayor, his influence can quickly be quashed by the ruling Government. If Khan's pledges do come to fruition, there could be some interesting byproducts for the property market in London. Knock-on effects predicted include less housebuilding and a mass exodus of small landlords out of the private rental sector. There's even talk of the Heathrow expansion plan being back on the table.
The next year in London promises to be interesting and unpredictable, especially with the European referendum now only weeks away. It's a waiting game to see if any of the property promises and prophecies are born out.
While Mr Khan had begun to loosen this promise even before he was elected, it seems clear that the property industry will have a tougher time dealing with him than it did with his developer-friendly predecessor. The mayor has influence over planning rules and can block developments if they do not comply.