JLL Residential

Central London Residential Development Report - September 2017

About the report

The Central London residential development market has proved remarkably robust during the course of 2017 and has even staged a mini recovery. Prices have held firm during 2017, the number of sales has increased slightly and the number of starts has also risen. There are encouraging signs for future development activity, with the number of new planning applications remaining relatively stable Q2, at least in Outer Core locations.

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Central London Development Report September 2017

Our report highlights the following points:

• Central London development market stabilises in 2017

• Prices have remained firm in 2017

• The number of sales has risen in Q1 & Q2

• New launches continue to slow

• Unit starts bounce back in 2017

• Developers maintain construction volumes

• New planning applications find new level