JLL Residential

News & Opinion

Prime Central London Lettings Comment - May 2016

Uncertainty over Brexit has been hitting prime central London landlords hard, with rents being adversely affected. There are reports of recruitment freezes across the city and firms delaying relocating staff to London to see what awaits the UK post-referendum on 23rd June. This of course has had an impact on prices.

Prime Central London Sales Comment - May 2016

HMRC revealed this week that across the UK just 70,690 residential properties were sold in April, compared with 173,430 in March – when the Government collected a record of nearly £1.2 billion in Stamp Duty as landlords rushed to beat higher Stamp Duty rates on second homes.

Average London couple unable to buy starter home until 2028

A couple in their twenties, with no savings, earning average London salaries of £28,130 will be unable to accrue a sufficient deposit to secure a mortgage for a £450,000 maximum price Starter Home in London until 2028.

The generational differences that determine people’s housing prospects in the UK

There are now striking generational differences that determine people’s housing prospects in the UK. Of the circa 25 million homes in the country, 64% are owner occupied with the remainder being affordable and private rented homes. The highest percentage of ownership by age is in the over 65s group in which 76% own their home. In light of influences from the economy and government policy, JLL conducted research into the current housing trends impacting each generation.

JLL Residential responds to Sadiq Khan becoming new Mayor of London

Sadiq Khan has said he will introduce a 50 per cent affordable housing target for new developments, and to use mayoral planning powers to stop 'buy-to-leave'. He has also vowed to stop homes being sold off in advance to foreign investors. In reality, however, there is little evidence of 'buy to leave' actually happening, and restricting demand is a quick way to compromise the viability and deliverability of new developments.

Buy to Let investors storm the market ahead of 3% stamp duty increase

A rush of buy-to-let investors has resulted in a spike in UK housing transactions in March. According to data released today by HMRC, almost 162,000 transactions were recorded in March.

JLL comments on changes made to the Housing Bill in the House of Lords

Adam Challis, Head of Residential Research at JLL comments: "Amendments to the Housing and Planning Bill in the House of Lords have made bad policy even more damaging to the affordable housing sector."

Stratford house price growth of 4.5% predicted in 2016

Four years on from The Olympic Games, its legacy remains in Stratford with the transformation of a 560 acre site into a vibrant economic and residential centre for London. Although some plans still have a way to go, there is no doubt that the Games have driven real estate investment on an unprecedented scale, with over 2,500 new homes being built around the town centre since 2008.

JLL reports a slow-down in residential development activity in 2016

JLL predicts that new development supply in the Central London residential market will continue to slow as a result of significant changes made recently by Government.

JLL responds to Bank of England announcing further clamp down on buy-to-let lending

New, prudent lending criteria for Buy to Let investors addresses a particular concern from the Bank of England regarding exposure to price falls in the underlying housing market.

Average house price growth of 7% predicted thanks to Crossrail

Less than three years until the first Crossrail trains run through the new tunnels of the Central Section of Crossrail, and less than four years until the full Crossrail service becomes operational, JLL has updated its interactive Crossrail research tool. 

JLL UK responds to the 2016 Budget

On residential announcements, Adam Challis head of Residential Research at JLL commented: "New Stamp Duty changes will impact large investors without exemption. This is an extraordinary lost opportunity to support the growth of Build to Rent and undermines this nascent sector. Private renters have once again been overlooked."

Aspiring homeowners in London need an average of 26 years to save a deposit

Aspiring homeowners in London need an average of 26 years to save a deposit, up from 15 years just a decade ago, according to new research from JLL Residential. As property professionals gather this week for MIPIM, JLL’s findings indicate that those wishing to get on housing ladder in London require double the average time saving for a deposit compared with other European capital cities.

Buyers swoop for Leeds city centre apartments

An exciting new residential scheme in Leeds city centre is proving to be a big hit with a range of buyers. 75 per cent of apartments in phase one at Tate House have now been snapped up by owner occupiers and investors keen to beat the forthcoming stamp duty increase on buy-to-let properties and second homes.

Copenhagen, Manchester, Madrid and Barcelona expected to see highest levels of short term residential price growth across the EMEA region

Copenhagen, Manchester, Madrid and Barcelona are expected to see the highest levels of short term residential price growth across the EMEA region according to JLL’s new EMEA Residential Property Clock.