The UK’s property market is not back to normal, yet

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The trajectory of the market this year is only becoming clearer gradually as it shakes off a heavier-than-expected hangover from Covid, writes Tom Bill…

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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Knight Frank's UK resi research boss runs through the key factors that could affect the trajectory of the market over the next 12 months...
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In a market so driven by sentiment, a discernible dent in demand might be expected given the current economic and political backdrop - but it hasn’t materialised yet...
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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.