Tom Bill on 'a year of re-balancing' in the Prime London lettings market
'2023 was the year the convulsions caused by the pandemic in the prime London lettings market began to dissipate,' says Knight Frank's residential research chief, as he looks back at the past 12 months and forward to another year of uncertainty and rising rents...
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
Tom Bill: Risks change in Prime London’s sales market as the year ends
'The primary risk for London’s prime property market is now political rather than economic,' says Knight Frank's research chief, as he looks back at how 2023 unfolded, and assesses what lies ahead for…
By Tom Bill
Tom Bill: ‘The near-term outlook for demand in prime central London has deteriorated’
Knight Frank's research chief explains why the property firm has revised its PCL price forecasts down.
By Tom Bill
Tom Bill: Seasonality is returning to the Prime London lettings market
Rental values are retreating as supply builds, reports Knight Frank's UK resi research boss.
By Tom Bill
Companies in this article
Knight FrankMost read
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
Budget 2026: The prime resi industry’s hopes, fears & expectations
Special Feature: PrimeResi surveyed leading estate agents, buying agents, developers & advisors to gauge the luxury property sector's feelings & forecasts about this week's big fiscal event.
By PrimeResi
New figures reveal £541mn Stamp Duty slump after Reeves Budget
Knight Frank has been crunching the numbers ahead of John Healey's big speech, revealing a sizeable drop in high-end sales and the Treasury's tax take.
UAE-backed firm sets ambition to become ‘London’s leading developer’
As rivals beat a retreat from the London market, housebuilder reports 236% sales surge and £5bn development pipeline.
Savills brings in Aston Chase veteran Rosenblatt
Firm bolsters St John's Wood team with one of NW London's best-known operators.
Social Circuit: Marcus Cooper Group & Valouran launch boutique St John’s Wood scheme
In Pictures: Property crowd gathers to toast the conversion of a landmark former chapel into five luxury apartments.
The casualties of indecision: Louisa Brodie on when an asking price isn’t really an asking price
Banda's Head of Private Clients shares her take on 'an increasingly frustrating aspect' of the prime & super-prime rental market.
Sotheby’s International Realty names new global boss
US brokerage veteran Mark McLaughlin takes the reins as Philip White moves into Executive Chairman role.
Shackleton’s Kensington base lists at £20mn after owner’s ‘extraordinary journey’
Vendor navigated RBKC’s notoriously tough planning system to turn the explorer’s former family home into an art-filled ‘masterpiece’.
Behind the Schemes: Fine art meets architecture in Little Venice townhouse revival
In Pictures: SHH Architecture & Interiors brings a six-storey canal-side home back to life after a decade standing empty, unveiling the results during Frieze Week.
LATEST ARTICLES
Queensway graduates to London’s luxury apartment big league
Ranked: Analysis reveals the top streets, squares & districts for £5mn-plus flat sales, as new developments redraw the prime property map.
Agency reports ‘renewed momentum’ in Prime Central London’s £4mn+ market
High-value transactions are up 62% as the firm continues to make heavyweight hires and expand its new broker division.
By PrimeResi
Shackleton’s Kensington base lists at £20mn after owner’s ‘extraordinary journey’
Vendor navigated RBKC’s notoriously tough planning system to turn the explorer’s former family home into an art-filled ‘masterpiece’.
Social Circuit: Marcus Cooper Group & Valouran launch boutique St John’s Wood scheme
In Pictures: Property crowd gathers to toast the conversion of a landmark former chapel into five luxury apartments.
Agency pledges full Primrose Hill sale fee to local charity
House Collective calls on businesses to give more back to their neighbourhoods, as it donates its sales commission to support young people affected by violence and school exclusion.