Main image: A crop of new developments in Knightsbridge are catering to short term stay buyers
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'

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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Mortgage costs are expected to fall further after the Bank of England’s decision to cut rates last week, but the prospect of tax rises may dampen demand in prime markets, says Knight Frank's UK resi…
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