JLL Residential

News & Opinion


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 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.

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."