Streatham, like Hackney is a cutthroat market - people are just dying to live there so don't worry - I'm sure there'll be a whole gang of potential buyers anytime soon.

Barry, London, UK

Why doesn't he switch his mortgage to interest only, rent the place out to cover the repayments, and take some equity out to finance a deposit of a bigger flat?

Clearly he isn't going to get the value he paid yet, best to hang on to it a bit longer.

David Ward, London, UK

Lee, You have my sympathy, I bought a studio in 1990 in Ruislip, near the tube. The market crashed and its value dropped 40 %. I wasnt able to sell at the price I paid- and had mortgaged for, for 10 years.

I rented it out in the end but the storm took a long time to ride out.
Good luck.
Simon.

Simon, Hexham, UK

Lee. Hang in there buddy. London is one of those cities where the population is always growing and there never seems to be the supply of housing to meet the demand. Things may be quiet now as the market waits to see what happens, but London exists in a bubble to the country's wider experience.

Buff, Streatham Hill, UK

Lee, if you want to move you need to sell NOW - almost at any price. The longer you wait the less you will get!
Once you have the cash, rent for couple of years and then buy yourself the flat you want.
Or if you really want to buy now, make offers at the same % level as you sell. No charge

PaulS, Jacobstow, Cornwall