Tom Bill: Property tax ‘trial balloons’ add to financial market jitters

Views

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.

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.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

Main image: Rachel Reeves 'had not been made aware of the licensing requirement' when she rented-out her home in Southwark via a letting agency

What to read next

Views

Inflation met expectations and rates held steady last week, but a potential productivity downgrade could put real estate in the crosshairs come November.
Views

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…
Views

Three months of Budget rumours have stalled activity in parts of the UK economy - but at the top of the property market, some have accelerated their plans before possible new measures take effect, explains…