Tom Bill: Risks change in Prime London's sales market as the year ends

Views

'The primary risk for London’s prime property market is now political rather than economic,' says Knight Frank's research chief, as he looks back at how 2023 unfolded, and assesses what lies ahead for 2024.

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.

Views

'2023 was the year the convulsions caused by the pandemic in the prime London lettings market began to dissipate,' says Knight Frank's residential research chief, as he looks back at the past 12 months…
Views

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%.
Views

The signs increasingly point to a bounce next spring, says Knight Frank's resi research boss - provided a general election is not called in the first half of 2024...