Why the end of the furlough scheme is likely to have a limited impact on the UK property 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 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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Views

Tax changes and the withdrawal of support measures mean the post-Covid ‘normal’ will only begin to emerge later next year, writes Knight Frank's Head of UK Residential Research.
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Introducing a stamp duty holiday at the height of the pandemic was commendable but it has over-stayed its welcome, writes Tom Bill…
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