diff --git a/Zend/tests/property_hooks/gh18000.phpt b/Zend/tests/property_hooks/gh18000.phpt
new file mode 100644
index 0000000000000..61b36034671f9
--- /dev/null
+++ b/Zend/tests/property_hooks/gh18000.phpt
@@ -0,0 +1,33 @@
+--TEST--
+GH-18000: Lazy proxy calls set hook twice
+--FILE--
+<?php
+
+class C {
+    public $prop {
+        set {
+            echo "set\n";
+            $this->prop = $value * 2;
+        }
+    }
+}
+
+$rc = new ReflectionClass(C::class);
+
+$obj = $rc->newLazyProxy(function () {
+    echo "init\n";
+    return new C;
+});
+
+function foo(C $c) {
+    $c->prop = 1;
+    var_dump($c->prop);
+}
+
+foo($obj);
+
+?>
+--EXPECT--
+set
+init
+int(2)
diff --git a/Zend/zend_object_handlers.c b/Zend/zend_object_handlers.c
index 5a4e4b3ea3a1c..47d8909cd2092 100644
--- a/Zend/zend_object_handlers.c
+++ b/Zend/zend_object_handlers.c
@@ -673,9 +673,23 @@ static bool zend_is_in_hook(const zend_property_info *prop_info)
 
 static bool zend_should_call_hook(const zend_property_info *prop_info, const zend_object *obj)
 {
-	return !zend_is_in_hook(prop_info)
-		/* execute_data and This are guaranteed to be set if zend_is_in_hook() returns true. */
-		|| Z_OBJ(EG(current_execute_data)->This) != obj;
+	if (!zend_is_in_hook(prop_info)) {
+		return true;
+	}
+
+	/* execute_data and This are guaranteed to be set if zend_is_in_hook() returns true. */
+	zend_object *parent_obj = Z_OBJ(EG(current_execute_data)->This);
+	if (parent_obj == obj) {
+		return false;
+	}
+
+	if (zend_object_is_lazy_proxy(parent_obj)
+	 && zend_lazy_object_initialized(parent_obj)
+	 && zend_lazy_object_get_instance(parent_obj) == obj) {
+		return false;
+	}
+
+	return true;
 }
 
 static ZEND_COLD void zend_throw_no_prop_backing_value_access(zend_string *class_name, zend_string *prop_name, bool is_read)