London, according to real estate agent Becky Fatemi, isn't going to get away scot-free from problems hounding most real estate markets in other countries, Mansion Global reported. There is also further evidence of London's market suffering the effects of real estate agents manipulating the bubble that was created.

Fatemi spoke about London's different luxury estate players as well as the newest market hotspots in places throughout Europe as well as Africa, among others. She also explained that there are places in Central London which still hold potential, as crucial sales in excess of £5,000 per sq ft have been done. However, in the next two years, she sees a bleak prospect.

Single-family homes haven't been as frequently bought as in recent years mostly because there aren't enough being built. It has also become pretty expensive to develop properties, another reason why single-family homes haven't been in abundance lately.

Another reason may be London's real estate agents.have taken advantage of the market bubble. Boing Boing reported that quite a number of these agents were wheeling and dealing properties during that market bubble. Foxtons was one of those blamed for taking advantage of that bubble, but it has since fallen on hard times; the real estate agency announced a loss of £17.2 million in 2018.

The blame rested solely on the losses brought about by the downturn in the housing market, it said. But there were other culprits, the most notable one being 'Brexit', which affected everything, from the financial market to the property sector.

London had been a 'leveraged' housing market, with 'homeowners' having very little ownership over their homes. However, a price dip--however small--could still have very devastating effects over these 'homeowners', leaving them with very little with which to pay off debts over loans.

Becky Fatemi left with a message, saying that investments should always be 'something (a person) would personally live in.' Perhaps, it could be added that, in London, it should also be something a homeowner would be able to pay easily. It remains to be seen whether 'homeowners' would be able to brace themselves for the impacts brought about by market fluctuations.

One thing's for sure--the impact, with which houses could be sold and the influx of supply lowering prices once more--could trigger a whole new 'bubble' in the property market.