Tom Bill: Tax uncertainty drives buyers to beat the Budget

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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 Knight Frank's head of UK resi 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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Inflation met expectations and rates held steady last week, but a potential productivity downgrade could put real estate in the crosshairs come November.
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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.