Only three new £1mn+ property markets created in the last year

Views

Stubbornly high mortgage rates mean fewer £1mn housing markets are being created, writes Tom Bill as Cambridge, Chichester & Winchelsea join the seven-figure club.

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.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

Views

'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'
Views

Tom Bill digs deeper into the imbalance between supply and demand that’s been putting upwards pressure on prices...
Views

Knight Frank's research chief talks us through some of the risks and opportunities facing the housing market on this side of the pond, as a result of Donald Trump's victory.