Tom Bill: Property market under pressure as bond market clash looms

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Higher borrowing costs, fuelled by rising energy prices and concerns over the new government’s policy agenda, are feeding through to mortgages and could cool housing demand further, warns Knight Frank’s head of UK residential research.

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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Average prices in PCL are showing their widest annual decline in over four years as mounting uncertainty weighs on sentiment, reports Knight Frank's head of UK resi research.
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Buyers, sellers and the bond market are digesting the recent property tax speculation as government borrowing costs head in the wrong direction, reports Knight Frank's UK resi research boss.
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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.