Tom Bill: PCL's property market 'is operating largely as it was before the pandemic'

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The flat is back in Prime Central London, declares Knight Frank's Tom Bill, as the property market returns to pre-pandemic norms.

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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Main image: Prices in PCL are already in gentle recovery mode after six subdued years

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'How far the new PM can wind back the clock is a significant question for the UK housing market.'
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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.
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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...