JLL Residential

News & Opinion

JLL analyses the impact of a 'hard Brexit' on London house prices using Oxford Economics data

Using Oxford Economics data based on a hard Brexit, JLL analyses the forecasted average house price gain in each London borough from 2016 – 2030 to show the winners over the medium-long term.

Nine Elms market update, October 2016

Since August, demand for modern luxury apartments to let has been at its highest level all year, and a record number of tenancies started towards the end of Q3. Overseas students have been well represented among new tenants, and as always, the most realistically priced and the best presented apartments have let for the highest rents in the shortest time.

JLL predicts which London boroughs will exceed an average house price of £500,000 and when

JLL forecasts that by the end of 2020 the average house price in two thirds of London’s 33 boroughs will be in excess of £500,000, up from 40% of boroughs currently. Tower Hamlets is expected to pass the £500,000 mark in 2018 meaning all of Inner London, with the exception of Newham will average above £500,000 within two years.

JLL expands residential agency offering in Chelsea

Following 148 years’ experience in the Prime Central London market, JLL is pleased to announce the expansion of its residential agency offering with a new office on Cale Street, Chelsea.

Prime London market update, October 2016

The Central London market is sensitive to financial sentiment and this Autumn is proving no exception, particularly as the UK's exit from the EU appears to have so many possible consequences.

City and East market update, October 2016

The summer has been a busy period for JLL’s network of offices in the City and East. The rush of Tenants looking for properties in Canary Wharf, City and Stratford towards the end of the summer months cleared the higher number of properties on the market for a short period of time bringing the usual supply and demand conundrum back in to play for September.

Richard Petty, Head of Affordable Housing at JLL is appointed Non-Executive Director of the Anchor Trust

Richard Petty, Lead Director in the Residential Advisory team at JLL has been appointed as a Non-Executive Director of Anchor Trust, the largest, not-for-profit provider of retirement housing in the UK. He will join the Board with Professor June Andrews OBE, an internationally recognised expert on dementia.

Government boosts housebuilding with three pledges announced today

JLL Residential Research Associate Director Nick Whitten comments on the latest housing announcements made by Government at the Conservative Party Conference today: "The Government’s measures unveiled today to boost housebuilding are very welcome. It is absolutely right for Government to focus its policies on tackling the housing shortage ahead of supporting demand as has been the case in recent years and it must now ensure it can deliver on its big pledges."

JLL comments on the Government's announcement to remove the Help to Buy mortgage guarantee scheme

Nick Whitten, Residential Research Associate Director at JLL comments on the Government's announcement to remove the Help to Buy mortgage guarantee scheme.

JLL responds to Labour's pledge to scrap Right To Buy policy

Labour have stated that they would cease Right to Buy in England if they were elected to power. Scotland and Wales have already done this.

Central London Residential Development market update

In new research, JLL concludes that the Central London Development residential sales market has started to brighten during Q3 but the outlook for London’s housing supply is increasingly worrying. The number of new build starts and the number of new planning applications have declined significantly during 2016. During Q4 2015 there were 5,260 unit starts across Central London but in Q1 and Q2 this year there have been 1,840 and 1,830 respectively.

JLL Residential responds to shift in Government focus of UK homeownership

This week, Gavin Barwell, the new Minister for Housing, Planning and London signalled a shift in the focus of UK homeownership stating that the government is now looking at incorporating other forms of tenure, including rented homes, in its 200,000-homes per year target.

JLL Responds To New Neighbourhood Planning Bill

Residential Research Associate Director Nick Whitten says: "JLL estimates that circa 770,000 homes will be built in England during the course of this Parliament, well short of the Government’s target for one million new homes by 2020."

Ample choice for Prime Central London tenants leads to further falls in residential rental values

Activity in the Prime Central London (PCL) lettings market has been subdued during Q2 2016 with a reduction in demand and, as a result, a higher number of properties on the market.

Prime Central London sales prices decline in Q2, but the market is demonstrating resilience given strong headwinds

The Prime Central London (PCL) sales market was notably quieter during Q2. This was driven by a combination of EU referendum uncertainty and weaker demand after the Q1 buying surge to beat second home stamp duty surcharges. In addition, higher stamp duty for high value properties continued to impact on market demand.