Analysis: Could this be the fabled bottom of the market?
Possibly, but the latest positive house price data could also be the symptom of a weak market, explains Tom Bill - and it wouldn’t be sensible to jump to a firm conclusion this side of Christmas.
Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.