JLL Residential

News & Opinion

DIRECT MARKET KNOWLEDGE

JLL positions itself at the intelligent end of the debate, using the strength of an in-house research team to provide valuable insight and opinion on current residential market activity. Our views are closely aligned with ever changing economic, political and policy dynamics. Read our latest views here and engage in the debate on Twitter via @JLLUKResi.

JLL responds to new announcement made by Government today on Starter Homes and Garden Cities

"It is worrying that the first two big announcements - Garden Cities and Starter Homes - are simply a rehash of older programmes." - Adam Challis, Head of Residential Research

JLL launches North West PRS management service at Greengate

JLL has launched a dedicated management service for Private Rented Sector (PRS) developments in the North West and announced its first instruction at Greengate, Manchester’s first purpose-built PRS development. The property advisor has been appointed to manage the 497-unit scheme by LaSalle Investment Management - which acquired the building from developer Renaker in July 2016.

Price falls in Prime Central London residential market petering out

The Prime Central London sales market is regaining some stability and is now looking forward with greater optimism. Importantly, price falls now look to be petering out with prices only declining marginally on average during Q3. This follows two years of falling prices triggered by the stamp duty reforms in December 2014.

Q3 boost for Prime Central London lettings market

The Prime Central London lettings market was significantly more active during Q3 compared with Q2. As usual the volume of lettings increased during Q3 which is when the market traditionally sees students securing tenancies ahead of the academic year and 2016 was no different.

Leeds Market Update, November 2016

The Leeds residential sales market has continued to perform positively in the aftermath of Brexit and the rise of Trump to the White House, with consistent demand being experienced from owner-occupiers and investors for all property types throughout the year.

City And East Market Update, November 2016

Following the usually busy summer months, the Christmas market is very nearly upon us. The high levels of activity experienced during the summer continued throughout October, but the flow of applicants has abated since the start of November.

Prime London Market Update, November 2016

The Lettings market has surprised everyone this past month in the fact that it is normally a lot quieter at this time of year. It generally quietens down between half-term and Christmas, but in the first three weeks of November we have already agreed the same number of tenancies as we did in the whole of the month last year.

South East London Market Update, November 2016

Q4 traditionally brings a strong end to the year with prospective purchasers and sellers trying to conclude transactions before the festive slowdown really takes hold. With an encouraging level of business after the summer it’s this time of year that agents and Solicitors need to work cohesively to ensure that desired completion dates are met.

Autumn statement reaction

Today's Autumn Statement announcement of new affordable housing investment is of course welcome by the industry, but more importantly for the 40,000 households who stand to benefit. Of further encouragement is the decision to share this support across both ownership and rental tenures.

UK house prices will increase by 0.5% next year with a further 1% growth in 2018

JLL’s latest forecasts, released today, concludes that Brexit will dominate UK housing markets over the short to medium term but predicts that the market will remain reasonably strong and active despite the greater uncertainty and slower economy resulting from Brexit. JLL are forecasting that UK house prices will increase by 0.5% next year with a further 1% growth in 2018.

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.