JLL Residential

News & Opinion

JLL comments on latest Help to Buy figures

The latest Government statistics show there have been just under 74,000 Help to Buy equity loans issued in the 33 months since the scheme was introduced in April 2013. This equates to just 3% of the 2.4m total housing sales in England & Wales over that period.

150-fold rise in the number of London residential properties listed on Airbnb

New research from JLL reveals a 150-fold rise in the number of London residential properties listed on home-lettings website Airbnb over the past five years.

JLL reissues Central London residential development growth forecasts

Demand for Central London residential has weakened, forcing JLL to reconsider price growth forecasts published on 3 November 2015. This has been driven by a deepening of global economic uncertainty, notably from China, but more significantly by the imposition of an additional 3% Stamp Duty charge for second home purchasers and investors.

Putting house price growth in context

In a recent commentary Colin Dyer, President and CEO of JLL worldwide, said that while it is easy to be distracted by reports focusing on the challenges of China, volatility of oil prices and the Middle East conflict, the fundamentals behind the UK property market remain strong.

JLL responds to London Help to Buy announcement

Adam Challis, Head of Residential research at JLL comments on London’s Help to Buy scheme: "The concern is not about demand, as I’m sure it will continue to see strong take up. My concern is that London Help to Buy will disproportionately support middle-class first-time buyers, while many below the level of income required to qualify for a mortgage (even with the equity support) will go unsupported."

JLL predicts 26.4 per cent increase in Manchester house prices in the next five years

Research reveals demand for city centre accommodation, with more than six applicants for each letting in 2015

JLL sets out ambitious expansion in 2016

JLL is heading into 2016 with exciting expansion plans, with the appointments of Michael Whittaker at its Canary Wharf office and Laura Ochoa who will head up the Corporate Relocations team. In addition, JLL will be launching a further residential agency office in Stratford at the end of January, as well as expanding into the flagship office in Nine Elms in the spring.

JLL creates Greater London residential development team

JLL is delighted to announce that David Jubb has joined the firm’s residential business as Director of the new Greater London Development team based in Central London. David brings 10 years residential development sales and marketing experience as well as an in depth knowledge of new build developments in Greater London, having worked almost exclusively in the London residential markets in Zones 2 – 6 for the majority of his career.

JLL responds to announcement from Government promoting house building on public land and the delivery of 13,000 new homes

Adam Challis, Head of residential research at JLL comments: "Today’s announcement from Government promoting house building on public land offers a raft of positive and pragmatic actions to boost the housing industry by speeding up construction.

The night before Christmas

Our City lettings team are celebrating a successful year having leased over 90,000 sq ft of residential floorspace since January. This figure includes a surge in corporate tenancies, ensuring stronger and more secure returns for our landlords. We were also bolstered by our established presence in schemes such as The Heron and Avant Garde, where approximately 110 properties are currently tenanted through JLL.

A record year

JLL’s residential offices at the Royal Exchange and Canary Wharf are celebrating a combined record year, having transacted on over £90 million pounds worth of residential property in 2015. This includes setting prices of up to £1,200 psf at developments such as Avant Garde and City Scape E1, and up to £1,000 psf at Landmark E14.

Out of the cold

Greenwich and Blackheath’s sales market has seen a somewhat turbulent 2015. Following the first bout of stamp duty reforms in September 2014, which had a mixed impact on the London market, we came into 2015 with a nascent general election campaign already fuelling uncertainty.

'Tis the season

‘Tis the season to be jolly, and in JLL’s Southeast lettings team we certainly can be after a great year in Greenwich, Blackheath and surrounding areas. The beauty of our patch is the diversity of the property that comes to the rental market, from Regency villas and schoolhouse conversions to fantastic river-side apartments offering views down the Thames.

Let it grow, let it grow, let it grow

Demand for new developments has also grown substantially this year. Tenants are also beginning to favour a wider range of postcodes than previously.

The spirit of Christmases past

2015 is set to be remembered as the year in which we experienced the most extreme political intervention within the Prime Central London property market. The first and most dramatic measure we experienced actually occurred in the final weeks of 2014, when George Osborne, in the face of Labour’s call for a Mansion Tax, overhauled Stamp Duty.