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...
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.
Tom Bill on what 2021 could bring for the UK property market
Tax changes and the withdrawal of support measures mean the post-Covid ‘normal’ will only begin to emerge later next year, writes Knight Frank's Head of UK Residential Research.
By Tom Bill
Transactions swung from a four-year high to a seven-year low in Q1
The conveyancing market experienced a rocky ride in the first few months of the year, diving from a post-election bounce to a lockdown freeze.
‘Balance returns’ to the property market as supply picks up
Knight Frank reports that "after an initial burst of demand following the re-opening of the market on 13 May, the number of new sellers has risen and the ratio between supply and demand has normalised
Companies in this articleKnight Frank
Shell and core penthouse picked up in sales surge at luxury Westminster scheme
11 units were sold in a seven-day, £32mn flurry at Northacre's The Broadway.
Bayswater ‘well on the way’ to catching up with its prime London neighbours
Values are on the rise in the neighbourhood to the north of Hyde Park, along with its profile, as a trio of 'game-changing' schemes take shape.
Top-end property agency to open flagship Mayfair showroom as new owner looks to ‘transform’ luxury market
UK Sotheby's International Realty is rolling out some 'transformative' changes - including three new high-profile locations - designed to 'reshape the way exclusive real estate is bought, sold & rented'…
JLL buyout creates new estate agency
JLL's offices in Manchester, Leeds and Liverpool are now operating as 'Kingsdene', following a buyout by Louise Emmott, Oliver Dolan and Lynsey Smith.
‘One of the capital’s finest residences & a piece of British history’: Ultra-prime Winch-designed penthouse unveiled at The OWO
Buyer sought for 7,700 sq ft 'jewel in the crown' at reworked Whitehall landmark.
Chestertons recruits Foxtons’ Ops Director to lead Kensington sales
Seasoned PCL estate agent Ian Barrett has moved from Foxtons to Chestertons on Kensington High Street.
American family rents Hampstead ‘castle’ for £250k pa
Estate agency reports a flurry of high-value deals involving American money, including a tenant who paid nearly quarter-of-a-million pounds up-front for this Windsor Castle-inspired home in London.
‘Sticky’ PCL set for deal drought as buyers & sellers enter deadlock
It will take time for vendors to accept the fact that buyers are far more price sensitive these days, says Black Brick.
Georgian mansion in Clapham with Rose Uniacke interior seeks £19.5mn
1805 villa is one of the finest homes in the area, say agents.
In Pictures: Banda reveals ‘showstopping’ New York penthouse in the landmark Steinway Tower
Edoardo Mapelli Mozzi takes us on a tour of his latest project: a sky-high apartment overlooking Central Park that's expected to hit the market with a US$54.6mn guide price.
Does this all sound gloomy? Charlie Ellingworth on how the prime property landscape is being reshaped
‘London’s original loft specialist’ estate agency rebrands
Hamptons-owned estate agency Urban Spaces has a new look.
Major lender pauses mortgage deals for new customers
HSBC has pulled home-buying products after a surge of enquiries as borrowers look to beat another interest rate hike.