JLL Residential

News & Opinion

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.

JLL comments on Bank of England's decision to reduce interest rates

Commenting on the decision to cut the interest rate to 0.25% and a range of measures to stimulate the UK economy, Andrew Burrell, Head of Forecasting at JLL, comments: "The Bank’s interest rate cut was widely expected after July’s disappointment. Other measures, including £70bn of new asset purchases, were more of a surprise, but still in line with previous hints by Governor Carney. It will be some time before the economic impact of these measures can be judged, but the announcement will help reassure investors and occupiers at a time of intense uncertainty."

JLL advises LaSalle on the acquisition of PRC scheme for c. £110m from Renaker

LaSalle Investment Management, the leading real estate investment manager, advised by JLL, has agreed to acquire 497 build to rent apartments in Manchester, for around £110 million from Renaker Build, the region’s leading residential developer.

The development, known as Greengate is located in the historic heart of Salford, close to Manchester city centre, is designed by OMI Architects and comprises high specification apartments split across two residential towers of 21 and 31 storeys.

JLL responds to the Bank of England's decision not to cut the interest base rate

Commenting on the Bank of England’s decision not to cut the interest base rate, Adam Challis - Head of Residential Research at JLL says: "Today's rate hold suggests the Bank of England's Monetary Policy Committee did not see the need, or benefit of a rate cut.

"We did not expect mortgage lenders to pass on the rate cut to borrowers and it may be that the MPC decided not to trade off this limited benefit, against further pain for savers."

Brexit: Waiting for the dust to settle

The aftermath of the Brexit decision has been difficult for many in the property industry. Our latest research report considers some of the early implications for UK residential delivery. There will be structural and lasting shifts for the market, which as ever will represent both challenges and opportunities for many.

JLL Nine Elms grows residential offering with move into new offices

On the back of the success of JLL’s Nine Elms office, which first opened in August 2015, JLL’s Nine Elms residential team are now moving into larger, permanent premises located underneath 4 Riverlight Quay. At the same time, JLL Nine Elms will be growing its residential lettings team with the addition of a new lettings negotiator.

W.A.Ellis-JLL sponsor Garden House School's £250,000 chairty quiz night

For the second successive year, W.A.Ellis-JLL were one of the headline sponsors for the Garden House School (Chelsea) Charity Quiz Night. The evening was attended by over 350 parents from one of the top nursery/pre-prep schools in the country and raised a staggering £250,000 for the chosen charity, The Book Trust.

JLL Residential reacts to EU Referendum result

A Vote Leave result brings an unprecedented new dawn for Britain, with uncertainty over the likely impacts for the short term. This will bring both risks and opportunities.
 
On the downside, we expect an immediate slowdown in housing market transactions, while discretionary purchasers take stock and vendors delay on decisions to sell.

JLL dispose of prime residential site in Reading

Acting on behalf of TH Real Estate, the Residential Land team at JLL has sold an 8 acre prime development site at Kenavon Drive in Reading to L&Q.