The two reasons why house prices are currently out of sync
Buyer demand is being underpinned by the imminent stamp duty rise & mortgage offers that pre-date the Budget, explains Knight Frank's UK resi research boss.
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
House prices surge even as political volatility rises
A general election rather than a Tory party leadership vote would have an impact on the housing market, writes Knight Frank's Tom Bill - but that feels unlikely this year.
By Tom Bill
Tom Bill: Mansion tax plans resurface as Prime London prices slide
Just over 150,000 properties in England & Wales would be affected by a rumoured levy on homes valued above £2mn, reports Knight Frank’s head of UK residential research - with two London boroughs accounting…
By Tom Bill
Transactions to recover faster than prices after Stamp Duty slump – Knight Frank
Looking to 2016 for clues about what happens next is helpful, but only up to a point, explains the agency's UK resi research boss Tom Bill.
By Tom Bill
Companies in this article
Knight FrankMost read
Luxury brokerage declares £1.3bn in H1 sales
Overseas buyers accounted for 52% of the UK agency's deals, while new instructions topped £2.3bn.
Knight Frank brings in ex-CBRE director for new board-level role
Agency appoints Mike Knowles as Head of Lettings Business Development as part of wider lettings restructure.
Cluttons appoints top market analyst to lead resi business
Well-known research chief and former journalist steps up to lead major agency's residential division.
Art Deco gem in Notting Hill sells in off-market deal
'Landmark' £16mn residence was once owned by legendary soul singer Dusty Springfield.
Financial Times: Is Rightmove taking us for a ride?
Influential journalist Jonathan Guthrie investigates the property portal's dominance, fees & standing in the industry.
By PrimeResi
UK Sotheby’s launches US buyer advisory
Veteran broker Jim Bell joins the Mayfair-based firm to help wealthy Americans navigate the UK's prime resi market.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
By PrimeResi
Lucian Cook: Tax speculation returns but all of the complexities remain
Despite much chatter, 'the matter of whether [Andy Burnham] would pursue a substantial overhaul of property taxation remains one of conjecture,' counsels the Savills research chief.
By Lucian Cook
Major agency reports ‘more uneven’ trading as uncertainty weighs on confidence
Winkworth says H1 sales remained resilient while lettings were largely unaffected by the Renters' Rights Act.
By PrimeResi
Rare St George’s Hill plot goes for record sum
Agents seal off-market deal for unconsented site after three-year pursuit.
LATEST ARTICLES
Deals & Data: London’s £15mn+ market rebounds in blockbuster first half
Record-breaking deals, resurgent international demand and a surprise winner among London's super-prime neighbourhoods - but buyers are still calling the shots.
Knight Frank signs new Mallorca agency partnership
Balearic agency boss heralds 'a full-circle moment'.
By PrimeResi
Rightmove reports ‘substantially larger’ than usual July price dip
'Buyers have plenty of choice and sellers are having to work harder to stand out and attract them,' says portal.
By PrimeResi
Views sought on leasehold enfranchisement valuation rate reform
Important consultation seeks to set a framework for how much leaseholders should pay to buy the freehold, extend their lease or to buy out their ground rent.
By PrimeResi
Monday Market Review: Key figures & findings from the last seven days
Your essential five-minute briefing, featuring data, forecasts and analysis from Beauchamp Estates, LonRes, UK Sotheby's International Realty, Knight Frank, eXp UK, Savills, Cluttons & more...