On the vicious cycle of low supply
There is currently a massive imbalance in the UK market with 13 buyers for every property listed, according to Knight Frank. Here, the firm’s Tom Bill looks at the dynamics of low supply, and how the situation is likely to play out in the months ahead...
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.
What to read next
Post-Christmas supply builds as Omicron uncertainty fades
The lifting of restrictions this week could see the supply of property re-build and normal house price economics return, says Tom Bill.
By Tom Bill
‘There are quiet Augusts and then there are quiet Augusts’: Prime London sales hit 18-year low
Latest LonRes numbers point to a particularly slow summer for prime London - but there are signs of life at the top end.
Tom Bill: Higher-value property markets see bigger pre-Budget slowdown
'Stamp duty on sales above £2mn accounted for 22% of the £11.7bn raised last year, which is something the government may want to consider as it puts the finishing touches to its Budget'
By Tom Bill
Companies in this article
Knight FrankMost read
Finchatton takes on one of Chelsea’s biggest development prizes
Exclusive: Super-prime heavyweight drafted in to steer landmark PCL scheme promising 78 residences with 'world-class' amenities.
Former Knight Frank Private Office partner launches buying agency
Senior figure sets up independent operation focused on high-value acquisitions.
Native Land unveils £15.5mn penthouse with one of Marylebone’s biggest roof terraces
In Pictures: Developer rounds off sales programme at well-received PCL scheme with a flourish.
Knight Frank adds more affiliate brokers as enquiries top 170
Agency continues rollout of self-employed model as it targets key territories across South East and West London.
London sales slump to six-year low as price cuts surge
Fresh analysis of LonRes data reveals agreed sales in the first nine months of 2026 were 22% below the five-year average, and 36% below 2021 levels.
By PrimeResi
Super-prime London developer unveils Dubai debut
Valouran teams up with fellow PCL luxury specialist on a high-end townhouse project in the emirate.
In Pictures: ‘One of Surrey’s most extraordinary country houses’ hits the market at nearly £14mn
Grade I-listed medieval manor - reunited as a single residence after more than 70 years - comes with a moat, 34 acres and Kelly Hoppen interiors.
Buyer found for Richmond Park ‘gem’
Picturesque former gate lodge is one of only a handful of private homes tucked away inside the 2,500-acre Royal Park.
New head of sales at Knight Frank Islington
Sophie McCarthy takes the reins after 17 years with the agency.
Luxury London lettings hit record levels as international buyers bide their time
Wealthy residents 'have not turned away' from Prime Central London, says JLL.
LATEST ARTICLES
Surveyors in short supply as firms struggle to take on new work
Global RICS study finds skills crisis moving up the career ladder, while just 15% of surveying pros feel ready for AI.
Savills bolsters Scottish resi business with senior appointments
New country house boss succeeds Savills veteran after 36 years at the helm, alongside a new head for Glasgow and the West of Scotland.
Book Now: AI & Estate Agency – Practical Insights for Real Impact
LonRes teams up with Greenhouse OS for free webinar on putting AI to work in estate agency, from automating admin to capturing missed leads.
Regent’s Park trophy home once asking £32mn reportedly sells for £11.5mn
Historic Nash-designed mansion changes hands for 44% less than its 2013 purchase price, according to Bloomberg.
Government introduces EPC-style Flood Performance Certificates for homes
New ratings will assess properties’ exposure to flooding and the measures taken to protect them, with potential implications for insurance and lending.
By PrimeResi