Tom Bill: Prime London market resilient despite rising mortgage costs

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'The economic mood has darkened but the market is far from grinding to a halt,' says Knight Frank's research chief, Tom Bill - although 'the air continued to slowly come out of the prime London property market in June.'

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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Buyer demand is running a third above the five-year average in prime London, says Knight Frank's research head, while the supply of homes available to buy is up 16%.
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'A short-term boost appears likely from a government already in pre-election giveaway mode,' writes Knight Frank's Tom Bill
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The next General Election is moving onto the radar in the prime London property market, says Tom Bill.