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.
Tom Bill: Mixed messages for Prime London markets ahead of Budget
Knight Frank's head of UK resi research explains the latest market movements across the prime postcodes, and looks at how things might unfold over the coming weeks.
By Tom Bill
Tom Bill: Rate cut will boost demand but Budget uncertainty lingers
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…
By Tom Bill
Analysis: Tom Bill on what a Labour victory means for the UK property market
Watch what the government says over the summer and what it does in its first Budget later this year, advises Knight Frank's UK resi research chief.
By Tom Bill
Companies in this article
Knight FrankMost read
Caudwell brings in Dorchester Collection to manage 1 Mayfair
New agreement 'brings together Mayfair’s two most prestigious luxury destinations,' declares ultra-prime property developer.
By PrimeResi
Agency reports rapid-fire £70mn sales run in Notting Hill
After a subdued start to the year, domestic buyers have sprung into action in W11, says Strutt & Parker's local team.
Interview: Inside the prime country house market with Knight Frank’s Oliver Rodbourne & Peter Edwards
As new wealth reshapes demand in high-end property markets from the Cotswolds to the Channel Islands, Knight Frank’s prime country experts reveal what’s changed - and what hasn’t.
Savills installs new Wimbledon chief
Stewart Harrison was previously Head of Sales for John D Wood in Wandsworth.
By PrimeResi
Boutique agency mixes fashion & property at Belgravia open house
A top-end handbag collection was on show at a £10mn listing on Pont Street last week.
In Pictures: ‘Breathtaking’ modern Essex country mansion pitched at £9.9mn
Stokes Hall was completed in 2014, featuring 'world class' interior specs.
By PrimeResi
Super-prime brokerage reports ‘strong sales with significant deals’ – transacting over £400mn in Q3
International buyers accounted for more than two-thirds of deals handled by UK Sotheby's International Realty.
London’s resi planning rules ‘set to be eased under emergency provisions’
Mayor Sadiq Khan & Housing Minister Steve Reed are said to be discussing a temporary relaxation of regulations in the capital.
By PrimeResi
Brokerage recruits SW London specialist from Savills
UK Sotheby's International Realty announced a 'strategic expansion' into the region earlier this year.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.
LATEST ARTICLES
Kensington crowned London’s high-value sales hotspot – Savills data
W8 outshines Chelsea & Belgravia for the first time in five years, as domestic demand shifts the PCL landscape.
Foxtons revenue nudges up as lettings focus offsets sales slowdown
Major London player cautions on Q4 sales outlook as Budget uncertainty hits demand.
London Square unveils plans for £240mn Chelsea scheme
Assael Architecture-designed proposals involve 42 new homes and a £13mn National Army Museum extension.
UAE mega-developers to merge
'Milestone' deal creates a 'powerful, future-ready entity' to bring forward ambitious residential & resort projects.
By PrimeResi
London rents climb to four-year high despite seasonal demand slump
'Increased stock levels and resilient budgets suggest a more balanced market is emerging,' says Foxtons.
By PrimeResi