Knight Frank research chief: The mood music has changed but our forecasts remain on track
Tom Bill explains how the property market landscape has altered over the last 90 days, and why the next three months will provide some more clarity about the longer-term prospects.
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.
What to read next
Knight Frank trims house price forecasts for 2025
But Tom Bill's team has upgraded its outlook for prime London property price growth over the next five years.
By PrimeResi
‘The outlook has become more positive’: Knight Frank hikes UK house price forecasts
Top-flight housing market analysts have dramatically raised their expectations for house price growth this year, revising the 2024 forecast up from a -4% drop to a +3% increase.
By PrimeResi
Knight Frank slashes housing market forecasts as buyers feel the squeeze
Agency now expects prices in the UK to fall by 5% next year and in 2024, wiping out the growth that took place during the second half of the pandemic.
Companies in this article
Knight FrankMost read
Finchatton takes on one of Chelsea’s biggest development prizes
Exclusive: Super-prime heavyweight drafted in to steer landmark PCL scheme promising 78 residences with 'world-class' amenities.
Former Knight Frank Private Office partner launches buying agency
Senior figure sets up independent operation focused on high-value acquisitions.
London sales slump to six-year low as price cuts surge
Fresh analysis of LonRes data reveals agreed sales in the first nine months of 2026 were 22% below the five-year average, and 36% below 2021 levels.
By PrimeResi
Super-prime London developer unveils Dubai debut
Valouran teams up with fellow PCL luxury specialist on a high-end townhouse project in the emirate.
In Pictures: ‘One of Surrey’s most extraordinary country houses’ hits the market at nearly £14mn
Grade I-listed medieval manor - reunited as a single residence after more than 70 years - comes with a moat, 34 acres and Kelly Hoppen interiors.
Regent’s Park trophy home once asking £32mn reportedly sells for £11.5mn
Historic Nash-designed mansion changes hands for 44% less than its 2013 purchase price, according to Bloomberg.
New head of sales at Knight Frank Islington
Sophie McCarthy takes the reins after 17 years with the agency.
Luxury London lettings hit record levels as international buyers bide their time
Wealthy residents 'have not turned away' from Prime Central London, says JLL.
Another London agency flags signs of sales market ‘stabilisation’
Chestertons joins other big-name firms in detecting an improvement.
Albion Nord builds senior team as international ambitions grow
Super-prime design studio makes quartet of high-level appointments as it expands its portfolio across the UK and overseas.
LATEST ARTICLES
Lettings veteran launches prime rental search agency
New venture GH Property specialises in sourcing high-end rental homes across the Home Counties.
By PrimeResi
Mixed Signals: The UK residential market in five charts
Tom Bill shares a snapshot of the key forces at work as the Budget looms large.
By Tom Bill
South London housing scheme takes 2026 Stirling Prize
Council-commissioned development of 157 homes in Croydon takes architecture’s top UK honour, beating five shortlisted projects including Renzo Piano’s Paddington Square.
By PrimeResi
In Pictures: Echlin x Dyson collab at Ransomes Wharf
London Square’s Battersea scheme showcases British craft with a high-tech twist.
Middle East project consultancy makes move on European market
London-based design specialist brought in to spearhead UAE firm's next phase of growth.