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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Main image: According to LonRes, around 50-55% of the current available stock in PCL postcodes has already had a price reduction

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