Tom Bill: Rate cut expectations fade amid mixed economic signals
Borrowing costs have risen in recent weeks, driven partly by stronger-than-expected UK economic data, dimming hopes of cheaper mortgages, reports Knight Frank’s UK resi research boss. However, lingering domestic and global uncertainty means downward pressure on rates could re-emerge.
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.
Tom Bill: What does the higher bank rate mean for the UK housing market?
Lenders are tinkering with mortgage rates as a contradictory set of events unfold but higher rates are here to stay, says Knight Frank's head of resi research.
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Tom Bill: Rate cut will boost demand but Budget uncertainty lingers
Mortgage costs are expected to fall further after the Bank of England’s decision to cut rates last week, but the prospect of tax rises may dampen demand in prime markets, says Knight Frank's UK resi…
By Tom Bill
Tom Bill: Tax uncertainty drives buyers to beat the Budget
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…
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