<h2><strong><span style="text-decoration: underline;">Stamp Duty Extended Holiday</span></strong></h2>
<p>&nbsp;According to Rightmove data it has taken an average of 54 days to sell a home since the holiday was introduced in July, down from an average of 70 days in the 12 months prior.</p>
<p>Assuming the average time to sell a home remains at the current level, aspiring buyers have until 7<sup>th</sup> May to begin a purchase to take advantage of the holiday extension.</p>
<p>Overall the Stamp Duty holiday has provided a much-needed confidence boost to the housing market following its full closure in March last year. However, its previous cliff edge ending on 31<sup>st</sup> March always risked seeing sales fall through increasing anxiety for aspiring purchasers. The extension will provide welcome relief to those purchasers and open the door to additional buyers. There now needs to be clear signposting introduced to ensure the cliff edge is not just pushed further down the road.</p>
<h2><strong><span style="text-decoration: underline;">2% overseas Stamp Duty surplus</span></strong></h2>
<p>This tax represents a big shift in UK Government policy away from an open trade policy &ndash; until now there has never been a consideration of an investors origin if they are looking to buy an investment home.</p>
<p>This tax will undoubtedly create some market resistance for an initial period until it becomes accepted. It should be noted that many other competing cities already provide higher levels of overseas taxation so the UK&rsquo;s major cities should remain competitive on the international stage.</p>
<h2><strong><span style="text-decoration: underline;">First Time Buyer Mortgages</span></strong></h2>
<p>95% mortgages have been all but non-existent for some time now so the Government&rsquo;s mortgage guarantee scheme is hugely welcome news for aspiring home owners who have long faced mounting affordability issues.</p>
<h2><strong><span style="text-decoration: underline;">Capital Gains Tax changes</span></strong></h2>
<p>The UK has obviously seen a significant increase in its debts as a result of supporting the country through the COVID pandemic. Those who can pay more tax, should pay more &ndash; that is only right and it fits with the levelling up agenda. </p>
<p>Nearly half of the UK&rsquo;s privately rented homes are in suburban locations owned by small scale buy-to-let landlords. There could now be an increase in demand for this kind of housing stock from first time buyers looking to take advantage of the new mortgage guarantee scheme. The proposed changes to Capital Gains Tax could prompt of flurry of sales from landlords looking to exit before the changes take place. However, if there isn&rsquo;t sufficient lead in time before the CGT changes take effect, it could reduce the volume of rental stock coming to market. CGT is ultimately a discretionary tax, and if homes become bloated with that tax, many landlords will opt to sit on their asset and wait.</p>
<h2><strong><span style="text-decoration: underline;">Wholesale Review of Residential Taxes</span></strong></h2>
<p>Looking ahead, the Government has announced a Tax Day on 23 March and this could include the commencement of a widespread review of residential property taxes. </p>
<p>Reviewing how residential properties are taxed in the UK is long, long overdue.</p>
<p>Council Tax is based on residential values from 1991, which frankly are a very poor reflection of the current market. Meanwhile, Stamp Duty is a hugely inefficient tax which is ultimately a potential hindrance to the future economic prosperity of the UK. It makes no sense for people to find themselves &lsquo;locked-in&rsquo; to their current home because of the tax burden of moving. People need to be able to migrate towards opportunities as easily as possible in the 4<sup>th</sup> Industrial Age and as part of the levelling up agenda.</p>
<p>Government also needs to acknowledge that we have an ageing population and SDLT is a hugely punitive tax for those looking to descend the housing ladder and right-size in later life. Without enabling more people to downsize, we face many people continuing to live inappropriate homes for their needs which in turn forces Government to have to increase expenditure on health and social care.</p>
<p>However, any significant changes in the tax system must be carried out with care, following a detailed consultation and with a sufficient lead-in time. Any replacement residential tax should carry a similar starting burden for individuals. The variance should then occur over time to allow householders to adjust their finances accordingly.</p>
<h2><strong><span style="text-decoration: underline;">Overall Budget Conclusion</span></strong></h2>
<p>There are many welcome announcements within this Budget. However, solutions to the housing challenge must also focus on providing homes to suit a greater variety of end user needs. Society has changed and we must move away from the concept of blanket home ownership. We need measures to support an increase in purpose-built rental homes which will professionalise the private rented market, providing long-term, secure housing, and raising the profile of renting as an aspirational lifestyle choice.</p>
<p>And we need attractive, specialist later life housing which will help free up family homes and make more efficient use of existing stock.&nbsp; With people living longer, the UK&rsquo;s ageing population is typically under occupying family homes, but appropriate alternatives will encourage right-sizing.</p>
Measures to address the housing market should be targeted at increasing all forms of supply, not just increasing demand for Private Sale housing only.&nbsp;<br />
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<p style="text-align:center;">Nick Whitten - Head of UK Living Research</p>
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Spring Budget 2021: Stamp Duty Holiday Extension 

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<p>Stamp Duty holiday 2021 extension as detailed by Nick Whitten, Head of UK Living Research at JLL.</p>

The housing market has got the extended holiday many were hoping for so buyers purchasing a home can take advantage of a reduced Stamp Duty charge. 

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<p>The housing market has got the extended holiday many were hoping for and the clock is now effectively ticking for new buyers who haven&rsquo;t yet started the process of purchasing a home to take advantage of a reduced Stamp Duty charge. </p>

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<p>It seems hard to imagine that the changes in how we have lived and worked through the largest global pandemic in 100 years won&rsquo;t have any lasting impact on how we live going forward.</p>
<p>The benefits of remote working have now been fully tried and tested &ndash; and for many individuals and businesses alike those benefits are clear to see. But will we now see a mass exodus from London to the countryside as people seek more space to spend more of each week working from home?</p>
<p>That was the key question I tackled alongside London&rsquo;s Deputy Mayor for Housing, Tom Copley, at a recent London First panel debate. </p>
<p>A snapshot survey undertaken by JLL and London First in advance of the debate revealed that 1 in 4 of the 150-plus respondents now intend to move away from central urban areas in the next two years. And there have been numerous other surveys which have arrived at similar findings in recent months.</p>
<p>But is there any evidence of people leaving London en masse? </p>
<p>A closer look at London&rsquo;s historic population statistics show that there has long been a net outward migration of people at mid-life stages, who after having a family, typically leave the city in search of more affordable larger family homes. </p>
<p>The coronavirus pandemic has very likely accelerated the decision-making process for these people who were highly likely to leave the Capital anyway in the next few years.</p>
<p>London&rsquo;s growth from a 1 million-plus city in 1800 to its current circa 9 million has been driven by younger age groups and overseas workers. </p>
<p>And to question whether these groups will continue to seek a life in London is to question the future success of London itself. The UK Capital is a global leader in so many areas &ndash; finance, professional services, technology and the arts, to name a few.</p>
<p>As Covid begins to abate and life returns to some semblance of normality London&rsquo;s employment hubs will thrive once again and young workers from both the UK and overseas will continue to flock to the Capital.</p>
<p>Indeed, rather than predicting a population decline, the latest forecasts from Oxford Economics as of the end of January 2021 show London&rsquo;s population rising to 9.5m by 2030, albeit this would represent a slowing of the rate of growth seen over the past few decades. </p>
<h2><strong>Urban-rural mismatch</strong></h2>
<p>Meanwhile, the homes needed to accommodate a mass exodus to rural areas simply do not exist.</p>
<p>Since 1991, the proportion of people who live in rural areas has fallen from 22% to 16%, while virtually all population growth has been accommodated in urban areas.</p>
<p>In order to return to that peak rural population of 1991, we&rsquo;d need to build about 1.8 million homes in rural areas, which basically isn&rsquo;t going to happen.</p>
<p>Instead of a major population decline, Covid is more likely to spark a suburban revival and drive a dispersal of activity across London, as well as its wider commuter belt, as people split their week in half between working from home and going to central employment and leisure hubs.</p>
<p>In the past there have been great changes in how we use space on the back of significant advances in the mass movement of people on a daily basis through the advent of rail and roads.</p>
<p>It is hard to see how such a monumental event such as Covid-19 and the advancements it has triggered around remote working and digital technology will be entirely reversed.</p>
<p>The great change this time might be in how we simply move less people as a collective mass on a daily basis. It could become more evenly spread across a typical week. And this could trigger environmental and social benefits with less crowded and more efficient transport and services distributed more evenly across the city across the week &ndash; the creation of move liveable cities.</p>
<p>However, this will not be without its management challenges. And the onus is on business communities, transport operators and local authorities to co-ordinate strategies for a truly liveable 21<sup>st</sup> Century city.</p>
<h2><strong><span style="text-decoration: underline;">London First&rsquo;s and JLL&rsquo;s Post-Covid Living Priorities Survey</span></strong></h2>
<p><strong><span style="text-decoration: underline;">Key Findings:</span></strong></p>
<p>*24% of respondents had never worked from home pre-Covid</p>
<p>*40% would now like to work from home 1-2 days every week</p>
<p>*46% would like to work from home 3-4 days every week</p>
<p>*Broadband speed, personal outdoor space and private workspace are now ranked the most important features of the home</p>
*68% say proximity to public green space is now very important, compared with 31% pre-pandemic

Will Covid-19 cause London’s population to literally run for the hills?

Will Covid-19 see a mass exodus of from London to the countryside as people seek more space to spend more of each week working from home? Our latest article explores this.

<p>It seems hard to imagine that the changes in how we have lived and worked through the largest global pandemic in 100 years won&rsquo;t have any lasting impact on how we live going forward. But will we now see a mass exodus from London to the countryside as people seek more space to spend more of each week working from home?</p>

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<p>In the&nbsp;final series of our stamp duty spotlight, we&rsquo;re exploring Manchester, the third largest city in the UK and a truly fantastic place to live. Our property experts give their opinion on the area's cultural highlights, the types of properties you can buy and how you can still capitalise on the Stamp Duty holiday.</p>
<p>Manchester: a city famous for football, music and media, to name just a few leisure pursuits that draw a vast range of residents including students, young professionals and families to the city. With luxury high-rise apartments, warehouse conversions and canal side apartments, Manchester offers buyers a range of unique and interesting homes to call your own or add to your property portfolio.</p>
<h2><strong>Looking to buy in Manchester?</strong> </h2>
<p>The city of Manchester is ever evolving with regeneration projects transforming both the inner city and out towards the suburbs. Today, Manchester is known as a cosmopolitan and chic city which makes for an exciting place to live and invest in. </p>
<p>From the music venues of The Bridgewater Hall and Manchester Arena to the shopping haven of the Arndale Centre and Barton Arcade whatever your cultural interests, Manchester has it all. <br />
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With a high student population for most of the year, Manchester caters for those looking to wind down after work with a plethora of late-night entertainment venues and restaurants with cuisine from around the world.<br />
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The development of MediaCity UK in Salford has attracted large corporations to relocate their headquarters from London to this northern hub. The whole Salford Quays area has undergone extensive regeneration to accommodate the new influx of workers, not only residentially but also culturally. The area is home to luxurious, waterside apartments, bars, restaurants and the Imperial War Museum Manchester.</p>
<p style="text-align: center;">&ldquo;Manchester was always the &ldquo;second city&rdquo; but right now, it&rsquo;s really giving London a run for its money. The city centre has something for everyone. Homeowners can enjoy the history of Castlefield, the diversity of the Northern Quarter and the resurgence of Ancoats Urban Village. Residents can find exactly what they are looking for, whether that&rsquo;s a periodic conversion with a wealth of original features or a modern skyscraper with a range&nbsp;<span style="text-align: left;">of on-site&nbsp;</span>amenities&nbsp;such as gyms, swimming pools and residents' lounges. Equally, investors know that Manchester can offer much higher yields than most major UK cities and with more tenants moving than before, still see the city as a solid investment.&rdquo;</p>
<p style="text-align: center;"><strong><em>Oliver Dolan, Head of Sales Manchester</em></strong>&nbsp; &nbsp;</p>
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Discover the properties we have for sale below and find out how much you can save on the new stamp duty savings by using our stamp duty calculator <a href="https://residential.jll.co.uk/stamp-duty-calculator">here</a>.&nbsp;<br />
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<strong><a href="https://residential.jll.co.uk/search/stamp-duty-2020-manchester">Homes for sale in Manchester&nbsp;</a></strong><br />
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Stamp Duty Spotlight: Manchester

<p>Manchester, stamp duty homes available to buy from JLL Residential. </p>

Looking to move to Manchester? Explore our portfolio of homes, the local area and find out how much you can save with the new stamp duty rates.

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<p>In the second series of our Stamp Duty&nbsp;spotlight we&rsquo;ve dived into two vibrant and popular neighbourhoods south of the river: Deptford and Greenwich. Our property experts give their opinion on the area's cultural highlights, the types of properties you can buy and how to capitalise on the Stamp Duty holiday.</p>
<p>From the Royal Greenwich Park to Deptford Market Yard, South East London is a popular destination for those searching for their perfect home. From the surplus of historical attractions to the vast open green space, it&rsquo;s clear why the South East&nbsp;postcode is attractive to young professionals, families and those looking to add to their property portfolio.</p>
<h2><strong>Looking to buy in Deptford?</strong>&nbsp; </h2>
<p>Deptford is home to first-time buyers, families and students alike. As one of South East London's arty quarters, whilst being conveniently connected for commuters, it is an enviable place to call home for young buyers and families looking for their new home in Zone 2. Deptford station (National Rail), Deptford Bridge (Docklands Light Railway) and New Cross (Overground) provide perfect links to the City and beyond to discover more of London&rsquo;s history, art and cultural hotspots.</p>
<p> Join locals in a host of pubs and restaurants throughout this South East&nbsp;London neighbourhood, from late-night cocktails at Stockton to a selection of craft beers at The Dog and Bell. Rich in industrial history, it's easy to see how the area as influenced new homes in name and architect, such as the <a href="https://residential.jll.co.uk/sale-development/london-se8-5hz-a0O1I000001JvfkUAC">Deptford Foundry</a>&nbsp;What&rsquo;s more, the Grade II listed railway carriage ramp forms as part of the vibrant Deptford Market Yard.</p>
<p>The wealth of green spaces is another reason to add Deptford to your London property search. Enjoy riverside walks or a post walk run along Deptford Creek and Charlotte Turner Gardens.</p>
<p style="text-align: center;"><em>&ldquo;<em>Deptford is a place where people from all walks of life converge and form a community that takes immense pride in its slice of South East London. Whether it&rsquo;s exploring the galleries and markets or just taking a stroll around the many parks and green spaces.&nbsp; New build development in Deptford boasts an affordable London price point and many developments feature Help to Buy. If you are quick the recent Government Stamp Duty relief will apply until 31st March 2021.</em>&rdquo;&nbsp;</em>&nbsp;</p>
<p style="text-align: center;"><strong><em>Holly Stock &ndash; Director, Help to Buy</em></strong></p>
<h2 style="text-align: left;"><span style="text-align: left;"><strong>Looking&nbsp;to buy&nbsp;in&nbsp;<strong>Greenwich</strong>?&nbsp;</strong></span></h2>
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<p>The Royal Borough of Greenwich is an exciting place to live. Greenwich itself is a UNESCO World Heritage site with a rich naval history which attracts a plethora of tourists throughout the year. From the Cutty Sark, the National Maritime Museum and the Old Royal Naval College you can easily explore London&rsquo;s past and ties to the sea. </p>
<p>Greenwich is a perfect place to call home for those who crave access to nature, something which has proved vital during lockdown. From the deer enclosure inside the Royal Greenwich Park to mudlarking alongside the banks of the River Thames. The Greenwich Foot Tunnel provides residents with an environmentally friendly route to work, along with the Docklands Light Railway and National Rail stations for a quicker commute. </p>
<p>Traditionally Greenwich is viewed as a place for families with plenty of Georgian and Victorian townhouses which dot the roads adjacent to the park and throughout the town centre. However, the recent surge in modern-riverside apartments has attracted young professionals into the area at the iconic O2 Arena (formally the Millennium Dome) and within Greenwich town centre. The riverside is now home to a variety of restaurants and bars which has accelerated price growth within the area.</p>
<p style="text-align: center;"><em>&ldquo;</em><em style="text-align: left;">Greenwich truly is an outstanding and unique place to call home as it has something for every preference and every price band. The fascinating history of the area not only attracts tourists but also Hollywood directors as blockbusters are often filmed at the Old Royal Naval College which means rubbing shoulders with celebrities over Sunday Lunch is a frequent occurrence. T</em><em style="text-align: left;">he Royal Observatory at the top of Greenwich Park allows you step onto the Meridian line, where time is measured from. Where else in the world can you do that?</em></p>
<p style="text-align: center;"><em> <em>We have seen a surplus of homes coming to the market with buyers taking advantage of the Stamp Duty&nbsp;saving. The area also has a wealth of homes available on the Help to Buy scheme which helps to get locals and young professionals onto the property ladder quicker than before.</em>&rdquo;</em>&nbsp;</p>
<p style="text-align: center;"><strong><em>Graham Lawes Greenwich Sales Director </em></strong></p>
<p style="text-align: left;"><span style="text-align: left;">Discover the properties we have for sale below and find out how much you can save on the new Stamp Duty&nbsp;savings by using our Stamp Duty calculator </span><a href="https://residential.jll.co.uk/stamp-duty-calculator" style="text-align: left;">here</a><span style="text-align: left;">.</span></p>
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            <p><a href="https://residential.jll.co.uk/search?tenureType=sale&amp;placeId=ChIJETGWWe4CdkgR5MeS8JK61ng&amp;placeName=Deptford%2C%20London%2C%20UK&amp;lat=51.47799121581522&amp;lng=-0.02648462183434505&amp;radius=1&amp;sortBy=distance&amp;sortDirection=asc "><strong>Properties for sale in Deptford</strong></a></p>
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Stamp Duty Spotlight: Deptford and Greenwich

<p>South East London, Deptford and Greenwich, stamp duty homes available to buy from JLL Residential. </p>

With the new changes to the Stamp Duty and Land Tax we look at why these two areas in South East London are a great place to live and invest in.

Looking to buy in South East London? Read our Spotlight on Deptford and Greenwich here.

Looking to move to South East London? Explore our portfolio of homes, the local area and find out how much you can save with the new Stamp Duty rates.

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<p>&nbsp;Our Residential Forecasts 2021 will look to the future and offer valuable insight on:</p>
<ul>
    <li>UK house price and rental value forecasts for the next five years</li>
    <li>Expected future housing starts and levels of transactions over the next half a decade</li>
    <li>Which cities will witness the highest house price growth?</li>
    <li>Will the Covid-19 pandemic trigger large-scale de-urbanisation?</li>
    <li>What role is technology playing to satisfy our increasing needs and wants in our home</li>
</ul>
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<p>Nick Whitten our Head of UK Living Research discusses our latest forecasts in the video below.<br />
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<p style="text-align:center;">Nick Whitten &ndash; Head of UK Living Research</p>
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UK Residential Forecasts – Home is… for everything

Stratford

Our lives now revolve around our homes more than at any point in the past 250 years. In 2020, Covid-19 has accelerated a trend which is making our homes the centre of our lives once again with technology being the great enabler allowing us to satisfy our needs and wants in our homes.

Covid-19 has accelerated a trend which is making our homes the centre of our lives once again with technology being the great enabler allowing us to satisfy our needs and wants in our homes.

UK Residential forecasts – Home is… for everything

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<h2><strong>Ambition</strong></h2>
<p>Horizon required valuation advice in relation to their proposed acquisition of the property, a registered care home providing accommodation for adult residents with autism and or/complex learning disabilities. </p>
<h2><strong>Approach</strong></h2>
<p>Once instructed by the client, JLL arranged to inspect the property (located between Durham and Newcastle.) We attended with one of their representatives, the client&rsquo;s funder and a building surveyor.&nbsp; Our strategy was to provide a report valuing the property, on the basis of Market Value and also on the Market Value on the Special Assumption of Vacant Possession considering that the property, should it become vacant, would be used as a care or supported living facility in the future. We also collaborated with colleagues in the JLL Healthcare valuation team in order to provide fully comprehensive advice to the client.</p>
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<p style="text-align: center;">&ldquo;Horizon run two FCA regulated specialist UK residential and care home institutional investment funds as well as a lending vehicle. Horizon launched, managed and fully invested and levered two funds, backed by UK institutional investors with &pound;125m AUM and were supported in these acquisitions by JLL"</p>
<p style="text-align: center;">Paul Casey, <a href=" http://www.horizon-infra.com">Horizon Infrastructure LLP</a></p>
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<p><strong>&nbsp;</strong></p>
<h2><strong>Challenges</strong></h2>
<p>Due to the vulnerable nature of the tenants, inspections were at the discretion of the manager. We managed to gain sufficient access to satisfy our requirement for the valuation, although we were unable to measure the property.</p>
<h2><strong>Added Value</strong></h2>
<p>We recommended to the client that they should consider a building survey prior to their purchase. The client decided to instruct JLL RBC which gave us as valuers additional detail and provided our client with greater information prior to their purchase.</p>
<h2><strong>Achieved:</strong></h2>
<p>Our valuation supported the purchase at the agreed asking price which pleased all parties involved. The building continues to be occupied, providing supported living accommodation for those who need it.</p>

Investment valuation of a North East supported living facility

Shared ownership hero

On behalf our client we offered valuation advice in relation to their proposed acquisition of a registered care home in the North East of England 

Investment valuation of a North East supported living facility 

On behalf our client we offered valuation advice in relation to their proposed acquisition of a registered care home in the North East of England

Help to Buy hero

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            <strong>student housing valuation</strong>            </div>
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            <p><strong>UK-wide&nbsp;</strong></p>
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            <p><strong>PBSA portfolio of 5 operational assets</strong></p>
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            <p><strong>&gt; &pound;175m</strong></p>
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<h2><strong>Ambition</strong></h2>
<p>HSBC required JLL to carry out an updated valuation for loan review purposes of a Downing student housing portfolio, located across London and UK regions. Our client wished to understand the impact of the Covid-19 pandemic on the value of assets held as security, effective as of 31 March 2020.</p>
<h2><strong>Approach</strong></h2>
<p>Our Student Housing Valuation Advisory team assessed the impact of Covid-19 and government lockdown policies on occupancy, income and expenditure for each asset, for the remainder of the 2019/20 academic year, in addition to the potential impact on asset performance for the 2020/21 academic year, in the event this academic year was delayed. </p>
<p>The refund policy of Downing Students was considered, along with an increased focus on letting performance for the 2020/21 academic year, plus analysis of student demographics and catchment. This was then benchmarked against a wide range of other PBSA assets that the team were actively involved with, including the associated Covid-19 impact, and advice was sought from our Higher Education teams and Capital Markets teams, particularly with regard to the latest market sentiment, impact on yields, capital values, and higher education institutions.</p>
<h2><strong>Added value</strong></h2>
<p>The team drew upon JLL&rsquo;s global reach, including the experience of JLL&rsquo;s offices in China, Hong Kong and Singapore, who were at a more advanced stage in the pandemic, to better understand and forecast the likely impact and timing of Covid-19 on assets in the UK.</p>
<h2><strong>Challenges</strong></h2>
<p>The team was instructed by HSBC to provide valuations of the Downing portfolio during an unprecedented period of uncertainty, caused by the Covid-19 pandemic and the resultant lockdown. Quantifying the likely effects of the pandemic on the PBSA market presented complex challenges, unlike anything seen in the Higher Education and PBSA sectors before.</p>
<h2><strong>Achieved</strong></h2>
<p>A fully insightful valuation of the portfolio was provided, demonstrating the collaborative nature and depth of knowledge of JLL&rsquo;s Student Housing and Higher Education teams. New modelling strategies and multiple scenarios were demonstrated, to highlight the potential impact of a range of Covid-19 risk factors on PBSA asset performance.</p>
<p><a href="https://residential.jll.co.uk/services/valuation-advisory" style="font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"></a><button class="Button primary"><a href="https://residential.jll.co.uk/services/valuation-advisory" style="font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"></a><a href="https://residential.jll.co.uk/services/valuation-advisory">Our valuation advisory services</a></button></p>

Assessing the impact of Covid-19 when valuing a UK-wide PBSA portfolio for HSBC

HSBC required JLL to carry out an updated valuation for loan review purposes of their UK-wide student housing portfolio, wishing to understand the impact of the Covid-19 pandemic on the value of assets held as security.

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            <p><strong>appraisal for viability assessment (planning) purposes</strong></p>
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            <p><strong>Tower Hamlets</strong></p>
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            <p><strong>1,672 purpose built student accommodation ("PBSA") units, as part of a wider mixed use development</strong></p>
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<h2><strong>Ambition</strong></h2>
<p>Urbanest and their planning consultants required our assistance with a viability assessment, as part of their ongoing planning application for the mixed-use redevelopment of 2 Trafalgar Way, in the London Borough of Tower Hamlets. The aim of the assessment was to save up to &pound;20 million of Community Infrastructure Levy (&ldquo;CIL&rdquo;), to support financial viability of the scheme.</p>
<h2><strong>Approach</strong></h2>
<p>Our Student Housing team assessed rental value on a full direct let basis, to demonstrate that the proposed rents under a nominations agreement were at sub market rents, in order to fulfil the London Borough of Tower Hamlets criteria for exemption from CIL in respect of the student accommodation.&nbsp; The focus of the assessment was subsequently changed by Urbanest and its planning consultants, and a full appraisal of the student accommodation was provided, in order to assist viability assessment, for the purpose of determining the potential affordable housing contribution.</p>
<h2><strong>Added value</strong></h2>
<p>JLL&rsquo;s Student Housing Advisory team collaborated with JLL&rsquo;s Higher Education and Student Accommodation Capital Markets teams, to draw upon a wealth of experience and resources to quickly re-focus the report within a short timescale. The report produced was highly insightful and market leading, minimising the likelihood of LB Tower Hamlets successfully challenging any aspect of the report.</p>
<h2><strong>Challenges</strong></h2>
<p>Revised requirements led to refocusing and delivery of the report in tight timescales.</p>
<h2><strong>Achieved</strong></h2>
<p>JLL&rsquo;s appraisal and report was swiftly re-focused within a short timescale, to enable Urbanest&rsquo;s planning consultants to promptly incorporate the appraisal within its viability assessment, in order to meet tight planning submission deadlines.</p>
<p><a href="https://residential.jll.co.uk/services/valuation-advisory" style="font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"></a><button class="Button primary"><a href="https://residential.jll.co.uk/services/valuation-advisory" style="font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"></a><a href="https://residential.jll.co.uk/services/valuation-advisory">Our valuation advisory services</a></button></p>

Supporting Urbanest’s planning application for student accommodation

We delivered a financial viability asesesment, supporting Urbanest’s planning application for a mixed-use redevelopment in the London Borough of Tower Hamlets.

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            <p><strong>Financial viability assessment <strong></strong></strong></p>
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            <p><strong>London, Waterloo&nbsp;</strong></p>
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            <p><strong>187x Build to Rent units plus commercial</strong></p>
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            <p><strong>&pound;154m GDV</strong></p>
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<h2><strong>Ambition</strong></h2>
<p>JLL were instructed to support Grainger&rsquo;s planning application, providing a financial viability assessment (FVA) to illustrate the viable amount of affordable housing that could be provided (17%) for their Build to Rent scheme in Lambeth. The scheme forms part of the OCCC Estate regeneration program, Grainger purchased the 1930s housing estate as part of a deal with the Church Commissioners and became sole owner in 2011.</p>
<h2><strong>Added value</strong></h2>
<p>Our evidence illustrated the financial constraints securing a lower level of affordable housing. Our input at and in advance of the appeal hearing resulted in agreements on multiple points. As a result, Lambeth changed their position and supported our appeal significantly reducing the risks and costs to our client.</p>
<h2><strong>Challenges</strong></h2>
<p>The appeal required fast past discussions on multiple technical viability points that often veered into planning policy. We worked closely with JLL Planning colleagues and the wider team to achieve a successful outcome.</p>
<h2><strong>Achieved</strong></h2>
<p>The appeal was allowed by the Planning Inspector in favour of Grainger plc. Located close to the Old Vic theatre and Waterloo station, the scheme includes the re-provision of 33 new homes for existing long-term residents and 36 affordable homes available at discounted market rent and London Living Rent levels.</p>
<p>JLL&rsquo;s appraisal and report was swiftly re-focused within a short timescale, to enable Urbanest&rsquo;s planning consultants to promptly incorporate the appraisal within its viability assessment, in order to meet tight planning submission deadlines.</p>
<p><a href="https://residential.jll.co.uk/services/valuation-advisory" style="font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;"><button class="Button primary">Our valuation advisory services </button></a></p>

Viability assessment for Grainger’s OCCC Estate regeneration scheme

We supported Grainger’s planning application by providing a financial viability assessment. 

<p>We supported Grainger&rsquo;s planning application by providing a financial viability assessment. Our evidence illustrated the financial constraints of their scheme, securing a lower level of affordable housing.<em> </em></p>

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<p>With the Stamp Duty Holiday in place between now and March 31<sup>st</sup>&nbsp;2021, we&rsquo;ve explored two neighbourhoods&nbsp;of East London, Canary Wharf and Stratford, to determine why they are great places to live and invest in. Whether you're a&nbsp;first-time&nbsp;buyer, downsizing, upsizing or looking to add to your property portfolio, discover our property experts&rsquo; opinions about two of East London&rsquo;s cultural hotspots.&nbsp;&nbsp;</p>
<p>Known for the&nbsp;iconic skyscrapers&nbsp;of&nbsp;Canary&nbsp;Wharf&nbsp;and&nbsp;the&nbsp;Queen Elizabeth II&nbsp;Olympic&nbsp;Park, East London is&nbsp;an enviable place to call home.&nbsp;From&nbsp;a morning at&nbsp;Billingsgate Fish Market,&nbsp;afternoon aperitifs at&nbsp;Roof East&nbsp;bar and fine dining at&nbsp;Michelin-starred&nbsp;restaurant&nbsp;ROKA,&nbsp;you're never short of things to do. The green spaces&nbsp;in the Isle of Dogs&nbsp;and the Olympic Park&nbsp;offer great outdoor areas for&nbsp;after work runs or weekend picnics.&nbsp;Not to mention excellent transport links, this London hub is perfect for all the family.&nbsp;&nbsp;</p>
<h2><strong>Looking&nbsp;to buy in&nbsp;Canary Wharf?</strong>&nbsp;&nbsp;</h2>
<p>Perfectly situated on the water, Canary&nbsp;Wharf&nbsp;is a great location to benefit from&nbsp;serenity&nbsp;and connectivity.&nbsp;Local parks and the Crossrail Roof Garden act as a perfect reprise to escape the hustle and bustle of busy life in Canary Wharf.&nbsp;The Zone 2 setting is ideal for those working in the financial hub, the City,&nbsp;or students commuting across the capital,&nbsp;with convenient links via&nbsp;the&nbsp;Jubilee line&nbsp;and&nbsp;Docklands&nbsp;Light&nbsp;Railway.&nbsp; &nbsp;</p>
<p style="text-align: center;"><em>&ldquo;The Wharf has&nbsp;vastly&nbsp;developed over the years,&nbsp;transforming&nbsp;from 17<sup>th</sup>&nbsp;century marshlands,&nbsp;to&nbsp;busy docklands in the&nbsp;20<sup>th</sup>&nbsp;century&nbsp;and&nbsp;today&nbsp;as the&nbsp;financial hub of the country with&nbsp;an&nbsp;iconic skyline. Buyers can find a varied range of properties in E14,&nbsp;such as&nbsp;new&nbsp;high-rise&nbsp;apartments&nbsp;with all the desired facilities for modern day living,&nbsp;but also warehouse conversions, low-rise riverside apartments and older estates for those looking for something a little bit different.&rdquo;&nbsp;</em>&nbsp;</p>
<p style="text-align: center;"><em><strong>Mark Montes, Head of&nbsp;Sales Canary Wharf</strong></em>&nbsp;&nbsp;</p>
<h2 style="text-align: left;"><span style="text-align: left;"><strong>Looking&nbsp;to buy&nbsp;in&nbsp;Stratford?&nbsp;</strong></span></h2>
<p style="text-align: left;"><span style="text-align: left;"></span></p>
<p>Stratford has become a hotspot for people of all ages to live in since the 2012 London Olympics.&nbsp;From&nbsp;apartments once inhabited by famous athletes&nbsp;inside modern&nbsp;residential developments&nbsp;to warehouse conversions alongside the River Lea, Stratford caters for all property preferences.&nbsp;The mix of traditional and modern in Stratford is evident with the surplus of homes surrounded by garden squares.&nbsp;</p>
<p style="text-align: center;"><em>&ldquo;Our<a href="https://residential.jll.co.uk/insights/research/has-covid-19-altered-our-housing-needs">&nbsp;<em>latest research</em>&nbsp;</a>indicates how green spaces and plenty of amenities on your doorstep are a must&nbsp;and&nbsp;you&rsquo;re never short of&nbsp;activities&nbsp;in Stratford.&nbsp;With the&nbsp;luscious&nbsp;Queen Elizabeth Park,&nbsp;Westfield&nbsp;shopping&nbsp;centre, boutique restaurants, bars and cafes&nbsp;all&nbsp;provide&nbsp;an ideal place for families to expand into larger homes and young professionals&nbsp;to make their&nbsp;first purchase, which the stamp duty cut has allowed both to do.&rdquo;</em>&nbsp;</p>
<p style="text-align: center;"><em><strong>Michael Harvey, Senior Sales Consultant Stratford</strong></em>&nbsp;</p>
<p style="text-align: left;"><span style="text-align: left;">Discover the properties we have for sale below and find out how much you can save on the new stamp duty savings by using our stamp duty calculator </span><a href="https://residential.jll.co.uk/stamp-duty-calculator" style="text-align: left;">here</a><span style="text-align: left;">.</span></p>
<p style="text-align: center;">&nbsp;</p>
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            <p><img src="https://weasresicmspd.azurewebsites.net/images/default-source/default-album/canary-wharf.tmb-medium.jpg?sfvrsn=14a1371_1" width="240" height="119" alt="Canary Wharf" /></p>
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            <p><img width="240" height="119" src="https://weasresicmspd.azurewebsites.net/images/default-source/default-album/stratford.tmb-medium.jpg?sfvrsn=e922c74e_1" alt="Stratford" /></p>
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            <p><a href="https://residential.jll.co.uk/search/homes-for-sale-canary-wharf"><strong>Properties for sale in Canary Wharf</strong></a></p>
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            <p><a href="https://residential.jll.co.uk/search/homes-for-sale-stratford"><strong>Properties for sale in Stratford</strong></a></p>
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<p>&nbsp;</p>
<p style="text-align:center;"><a href="mailto:residential.marketing@eu.jll.com " target="_blank"><button class="Button primary">Contact us</button></a></p>
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Stamp Duty Spotlight: Canary Wharf and Stratford

East London, Canary Wharf and Stratford, stamp duty homes available to buy from JLL Residential.

With the new changes to the Stamp Duty and Land Tax we look at why these two areas in East London are a great place to live and invest in.

Looking to buy in East London? Read our Spotlight on Canary Wharf and Stratford here.

Looking to&nbsp;move to&nbsp;East London? Explore our portfolio of homes,&nbsp;the local area&nbsp;and find out how much you can save with the new stamp duty rates.

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<p><em>&ldquo;You cannot get through a single day without having an impact on the world around you. What you do makes a difference, and you have to decide what kind of difference you want to make.&rdquo; ― Jane Goodall, Primatologist</em></p>
<p>Our blue planet is at a turning point like never before. Climate change, global warming and resource depletion puts not just our health and wellbeing at risk, but also our future survival. COVID-19 has offered many of us the opportunity to reflect on the world that we want to see in the future, and a world that we can help create. From better use of resources and reduction in plastic consumption and waste to a more balanced way of life that allows us to get outdoors where biodiversity can flourish, there has never been a better time to work towards a healthier and more sustainable life.</p>
<p>Living more sustainably offers us a way to help make a positive difference for both ourselves and the planet. From the places we shop and businesses we support to the food we eat and the places we travel our cumulative individual impact <a href="https://www.jll.co.uk/en/views/do-you-have-a-passion-to-make-the-world-a-better-place ">can make a difference.</a>&nbsp;</p>
<p style="text-align: left;">Deciding where to start when it comes to incorporating more sustainable behaviours into our daily lives can feel daunting. Especially considering how much information is available. To help you live more sustainably, we&rsquo;ve outlined 10 ideas below.<br />
<br />
<img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1600773758/resi/gb/cms/Research/Images/bicycle%20London.jpg" data-displaymode="thumbnail" alt="bicycle" title="bicycle" style="vertical-align: middle;" />
</p>
<h2><strong>1) Change your energy provider</strong></h2>
<p>Probably one of the most well-known ways to reduce your impact is by changing your energy tariff to ensure you&rsquo;re using a renewable energy provider. With working from home, there has never been a more important time to ensure that you're using renewable energy to power your activities reducing your electric impact to zero.</p>
<h2><strong>2) Home improvements</strong></h2>
<p>Not all sustainable improvements cost an arm and a leg, simply switching to LED lightbulbs at home can reduce the energy required for lighting by up to 75%. If you&rsquo;re looking to go one step further, insulating is an essential to prevent heat loss and reduce your bills in the process.</p>
<h2><strong>3) Buy big</strong></h2>
<p>From toilet rolls to toiletries, increase the size of what you buy means bigger volumes, but less plastic compared to buying 2 smaller versions of the same product. Companies like WhoGivesACrap who deliver plastic free bulk toilet roll to your front door also saves you the hassle of having to lug the box around and enables you to reorder direct to your door when your running low as well.</p>
<h2><strong>4) Upgrade your office cutlery</strong></h2>
<p>How many disposable forks or cups have you picked up when in the office or grabbing lunch on the go? Now is the perfect time to invest in a permanent set you can keep at your desk or your locker for when you&rsquo;re on the lunch rush. Even better, opt for a set you can keep in your bag so that you&rsquo;ll never have to pick up on the go cutlery again.</p>
<h2><strong>5) Loose tea and no plastic coffee</strong> </h2>
<p>Did you know the majority of tea bags have plastics in? Or that most coffee comes in plastic. </p>
<p>As a nation of tea lovers and fast living, tea bags and disposable coffee cups are an everyday occurrence but with teabags often being made of plastic infused fibres and coffee cups also having a plastic lining our daily drinks are a pollution problem. When it comes to coffee, just be sure to have a reusable cup with you to avoid more waste. For tea, well why not find a tea brand that doesn&rsquo;t use plastic, there are a few, or opt for loose leaves. After all, with an average of 4 cups of tea per day, you could save 1,460 plastic tea bags from entering the waste system and potentially our water ways.&nbsp;</p>
<h2><strong>6) Shake up your holiday </strong></h2>
<p>Heading to Europe, why not go by train? As well as cutting your emissions by around two thirds compared to travelling by air, going by train also provides the opportunity to make the journey a positive part of the experience. With an increasing number of European countries offering overnight services travelling by train has never been so easy and with free luggage, it can even be cheaper!<br />
<br />
<img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1600773787/resi/gb/cms/Research/Images/Shoreditch%20London.jpg" alt="_dsc9116" title="_dsc9116" style="vertical-align: middle;" /> </p>
<h2><strong>7) Check your clothing labels</strong></h2>
<p>Over half of all clothes now produced are made from plastic fibres. Checking the label before buying is an easy way to try and ensure you cut down, opting for natural fibres such as cotton, wool, coconut, silk and bamboo instead of polyester, acrylic or nylon. For things like sports kit where plastic is often the main material, why not purchase a guppy bag which will catch the microfibres being shed by your clothes in the wash.&nbsp; With clothes shedding around 700,000 microfibres per wash, helping to stop these from entering waterways is so important.</p>
<h2><strong>8) Leave your phone behind</strong></h2>
<p>With cloud storage soon to overtake aviation as a greenhouse gas emitter, leaving your phone (especially your work phone) at home has never been more important when we&rsquo;re travelling. If you can&rsquo;t resist the urge, be mindful to switch off apps, automatic cloud uploads and photo storing to reduce your impact. One last note is to be very careful not to geotag your locations when abroad, especially if wildlife is involved. There have been cases&nbsp;of poachers finding endangered species from tourist locations. </p>
<h2><strong>9) Invest in companies you believe in</strong></h2>
<p>Although our own actions are important, the only way we can collectively make real change is by supporting businesses that are doing the right thing. Where we save, store and spend are money all matter. So be sure to opt into sustainable pension funds, encouraging your company to offer this as standard, if possible switch to banks which are no longer investing heavily into fossil fuel production and spend your money with companies you genuinely believe in because it is the top 100 polluting companies who account for 71% of global emissions that we need to trigger change within.</p>
<h2><strong>10) Influence your place of work to do better</strong></h2>
<p>Finally, if you don&rsquo;t think your workplace is doing enough to tackle the climate crisis, tell them. As employees, we are all accountable to make our businesses better.</p>
<p>At JLL, together with our partners, we aim to drive disruptive and impactful change by embedding sustainability into everything we do. By helping you take a responsible and sustainable approach that contributes to a better world, we are working to shape the future of real estate.</p>
<p>&nbsp;</p>
<button id="btn-1" class="Button primary">Download JLL&rsquo;s Sustainability Report (2019)</button>
<br />
<img src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/erin-williams-(1).jpg?sfvrsn=26bf3911_3" data-displaymode="Original" alt="Erin.Williams (1)" title="Erin.Williams (1)" /><br />
<p style="text-align:center;">Erin Williams &ndash; Consultant Upstream Sustainability Services</p>

Living sustainably in 2020

COVID-9 has offered many of us the opportunity to reflect on the world that we want to see in the future, and a world that we can help create.

<p>Climate change, global warming and resource depletion means there has never been a better time to work towards a healthier and more sustainable life.<br />
<strong> </strong></p>

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1600772338/resi/gb/cms/Research/Images/Canary%20Wharf%20Thames%20River.jpg

<p>The Living sectors (student housing, coliving,&nbsp;multifamily, and later living) are a key component of the real estate market and fundamentally driven by structural and demographic change. On that basis, are the changes driven by COVID-19 supportive of that or do they raise new challenges and opportunities for investors, developers and operators?</p>
<p>Our latest article discusses the above question further, delving into each of the&nbsp;Living sectors. Download the article below.</p>
<br />
<button id="btn-1" class="Button primary">Download article</button>

Reimagining Living: Covid-19 and its impact on the Living sectors

neighborhood-watch-paddington

Are the changes driven by COVID-19 supportive of that or do they raise new challenges and opportunities for investors, developers and operators? Our latest article explores further.

Reimagining Living: Covid-19 and its impact on the Living sectors 

<p>The COVID-19 pandemic and the ensuing lockdown has had a major impact on our way of life. But how have these changes impacted the Living sectors and those looking to invest in these asset classes?</p>

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1598975444/resi/gb/cms/Research/Images/GettyImages-1215743050-488x180-min.jpg

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<p>We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our <a href="https://www.jll.co.uk/en/privacy-statement" target="_blank">privacy statement</a>.</p>

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<p>PRIVACY NOTICE</p>
<p>Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.</p>
<p>Generally the personal information we collect from you are for the purposes of dealing with your enquiry.</p>
<p>We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our&nbsp;<a href="https://www.jll.co.uk/en/privacy-statement" target="_blank">privacy statement</a>.</p>

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