What the Autumn Statement means for the UK property market

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Financial markets have been calmer since Jeremy Hunt took to the floor, but the reversal of Kwasi Kwarteng’s stamp duty cut highlighted a paradox, writes Tom Bill.

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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Capital Gains Tax rather than stamp duty has been the subject of speculation ahead of Thursday’s announcement
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'How far the new PM can wind back the clock is a significant question for the UK housing market.'
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A closer look at the government’s own furlough data suggests there is unlikely to be meaningful downwards pressure on sales volumes or prices when the support scheme comes to an end in the autumn, says Tom…