How to buy your first home
The market for properties in London is booming, with the price of a home in the capital rising by nearly 50% over the past year, according to property website Zillow.
But the real estate agent who helped guide me through the market says it is still difficult to buy a property there.
The number of properties available in the London market has doubled in the past six months, to 8,929 properties, according the Zillows latest report.
The biggest jump has been in the number of homes available in central London, which has seen a rise of 8,716.
The market in the Capital has seen more buyers in the last year than in the previous three years, with a total of 1,931 new homes sold in the area, according To The Post, a website that tracks real estate.
But there are a number of challenges for the realtors who guide prospective buyers in London.
The UK’s National Property Survey shows that only 9% of the homes sold there in May were bought by foreigners, compared to 40% in 2016.
The survey found that there was an increase in the demand for houses for sale in London, but that the number was not enough to keep up with the influx of overseas buyers.
The number of people seeking out a home for sale is also growing.
The total number of Londoners seeking to buy their first home jumped by 2,000 over the same time last year, the survey found.
This compares to the previous year when London’s housing market was experiencing a spike in demand for homes.
This year, London’s demand for properties is forecast to rise by 1,500 to 3,600, according NPS data.
However, there is a problem for those hoping to buy property in London: the capital is a market in which foreign investors have made significant inroads, with China, India, and South Korea all seeing an increase of 30% in the numbers of overseas residents seeking to purchase properties in the UK.
As a result, some local real estate agents are offering the chance to buy properties in a lower-cost area of London, rather than central London.
While the market is in a state of flux, many agents are still selling properties to people who may not have the resources or time to relocate to London.
Zillow, which tracks London real estate, found that in May, there were just 2,632 properties in central and south-east London.
However the number in central is rising, with 8,566 properties being listed in May.
This is a 50% increase from May last year.
In addition, there are 1,636 properties listed in the South West of England, compared with 1,219 in May 2016.
In the North East, there have been 1,024 properties listed, and a record of 1-1,000 properties in North West London has been recorded.
A number of factors are affecting London’s rental market, including rising rents, Brexit, the arrival of more people from overseas and the lack of demand from the rest of the UK, according Al Jazeera’s Mark Thompson.