After three weeks of searching every London-based estate agent, I drew a shortlist of the best London properties for around £100,000. The timing was spot on: it's a “buyer's market”, according to sales negotiator Sebastian Vidler at Foxtons, Islington. “It's said that prices have dropped around 10 per cent over the last year but in my experience it's more like 20 per cent.” Every day, 53 new buyers register at the Islington branch of Foxtons and since the start of January, 21 properties have sold. At the Dulwich branch, 23 offers were made last week.

But I thought a buyers' market was when there, well, weren't many buyers? Anyway, apart from an example of an agent being allowed to have his cake and eat it (the market's quiet, it's a great time to buy, and I can prove it, because there are loads of buyers), this is an interesting piece about a first-time buyer in London, searching in the £100,000 region. We like the SW4 property... nothing wrong with concrete.

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