JLL Residential

News & Opinion

High demand during daylight savings

The lettings market had a strong October in Canary Wharf and The City, with applicant levels high and stock levels stable. With the turning of the clocks and darker evenings, we are seeing a decrease in applicant registrations, which isn’t unusual for the season.

JLL residential builds investment team in London

JLL is delighted to announce that Simon Scott will join as Regional Director to head up the Residential Investment team. Simon is well known in the sector having previously led the Residential Investment team at Savills before moving client side, latterly as Chief Development Officer at the serviced apartment investment platform backed by Oaktree Capital.

Leeds city centre apartments in big demand

Sales at a new residential development in Leeds city centre are reported to be forging ahead. Twenty apartments at Tate House on Trafalgar Street, off North Street, have already been sold off plan to both owner occupiers and investors, with plenty more potential sales in the pipeline, according to the exclusive selling agent JLL.

Steady UK house price growth of 5% predicted in 2016

We are expecting a period of sustained growth and stability in the UK housing market in 2016 as activity levels respond to supporting factors such as real wage growth and record low mortgage rates. Sound fundamentals are driving a confidence in the market not seen since 2007.

Uncertainty is the new normal

JLL Residential last week held an industry debate with Lord Kerslake examining the current state of the Affordable Housing sector. The debate focused on the current policies that are creating a seismic shift in today’s market and the obstacles that Registered Providers now have to face.

JLL reacts to the Starter Homes announcement in this week's Housing Bill

Richard Petty, Lead Director - Residential Advisory at JLL comments: "We recognise the need for more new homes in large numbers in the UK, together with the aspirations of many people to own their own home. We believe that Starter Homes will make a contribution towards meeting this demand, and that they have a part to play going forward."

JLL responds to the permanent extension of Permitted Development Rights

JLL Residential Research Associate Director Nick Whitten says: "The principle of using permitted development rights (PDR’s) for the change of use from office to residential is, where appropriate, fundamentally beneficial."

Office-to-Residential PDR extension opens door to 60,000 new homes

JLL Residential Research reveals that an estimated 8,000 prior approvals were secured in the first two years after office-to-residential permitted development rights were introduced in May 2013. If all of these were implemented it would create 60,000 homes.

Diligence due

The student lettings market is at its peak in Canary Wharf and City. Tenants are flocking to East London for the high-end new build developments and the advance rental payments and a higher security deposits are attractive to landlords.

Ready to rise

Despite uncertainty in the global stock market, little to no impact has been felt to-date in the property market which remains steady.

Kidbrooke village comes into its own

The South East lettings market has been exceptionally busy over the last couple of months; after agreeing 50 lets in August we thought that we may see the market take a slower turn heading into winter but this has certainly not been the case.

Well advised

September saw a typical seasonal spike, with a flurry of good quality new instructions, a large proportion of which sold within a week or two. The key to success is sensibly priced stock, which in turn attracts motivated buyers. 

A competitive market

The balance between available properties and tenants throughout this year has been less favourable to landlords than at any other point since the 2007 financial crisis, therefore tenants have more choice than they have had in recent history.

Quality street

Transactions levels have been down throughout the spring and summer months and, whilst some of this reduction may have been due to election jitters, it is now apparent that the increase in SDLT is the main driver behind this trend.

SPF private clients mortgage market comment

The Council of Mortgage Lenders (CML) has reported that gross mortgage lending reached £20 billion in August, the strongest August since before the financial crisis.