Tom Bill: Rate cut will boost demand but Budget uncertainty lingers

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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 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.

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Buyers also frustrated at frequency of mortgage rate fluctuations, reports Knight Frank's head of UK resi research.
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Knight Frank's research chief explains why the property firm has revised its PCL price forecasts down.
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The capital's lower-value prime markets are out-performing amidst a 'mood of circumspection', says Knight Frank's research chief.