Prices of new build homes in London's hotspots are expected to surge by up to 140% by the end of 2015, according to Knight Frank.
The estate agency said a combination of a shortage of new homes and large-scale transport projects, such as the west to east Crossrail link, would drive up property values in and around central London.
It expects prices to increase by an average of 30% in prime areas by the end of 2015 but with some neighbourhoods seeing far greater gains.
The largest increase, of 140%, would see a £300,000 property appreciate in value to £720,000.
Knight Frank's list of forecast hotspots includes Nine Elms/Battersea power station, where it expects average values to appreciate 140% in the next four years, followed by City of London - eastern fringes (+118%), Hammersmith (+78%), Marylebone (+66%), Earls Court (+60%) and Farringdon (+52%).
Grainne Gilmore, head of UK residential research at Knight Frank, said: "The prime London property market is buoyant, but there are pockets of London where the opportunity for development, and other factors such as improved transport infrastructure, gentrification or regeneration, combine to produce real opportunities for housebuilders and ultimately for those in need of housing."
Knight Frank reports that prices in central London have increased by an average of 36% since their low after the credit crunch and banking crisis in 2009.
But with improving jobs prospects in the City expected to underpin the market, combined with a rising volume of overseas buyers snapping up homes in London, Knight Frank sees plenty of room for further capital growth.
Growth in the London property market is being supported by a rise in the volume of international buyers taking advantage of low interest rates and the relatively weak pound.
Liam Bailey, head of residential research for Knight Frank, said: "In trying to explain the strength of the current recovery we should note that while purchasers buying with sterling are now paying prices in excess of 2008 peak prices, eurozone buyers are still able to achieve a 10% discount on 2008 prices and US dollar buyers an 18% discount."
Asian buyers are beginning to dominate in London, with Asians make up around 50% of all investors in the central London new homes market. Buyers from China and Hong Kong lead the way, followed by Singaporeans and Malaysians.