Council tax revaluation plan risks unsettling property market - Knight Frank

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Revaluing the highest council tax bands would prove costly and disruptive, warns the agency’s UK resi research head - and the proposal underlines just how much backbench politics is steering this week’s Budget.

Written by

Tom Bill

Head of UK Residential Research at Knight Frank

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.

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Inflation met expectations and rates held steady last week, but a potential productivity downgrade could put real estate in the crosshairs come November.
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Buyers, sellers and the bond market are digesting the recent property tax speculation as government borrowing costs head in the wrong direction, reports Knight Frank's UK resi research boss.
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As tariff turbulence appears to have peaked and the stamp duty disruption fades, the main risk over the next six months is the autumn Budget, explains the agency's UK resi research boss Tom Bill.