We have released new research predicting the UK residential property market&rsquo;s first ever &pound;100 billion summer. The forecast, which takes the current trajectory of the housing market and applies it to the rest of summer months, estimates that there will be 420,000 sales in the UK across June, July and August at a total spend of a record&nbsp;&pound;107bn.&nbsp; This will make this summer the highest grossing quarter in UK residential market history and is in stark contrast to previous years. Throughout the past half decade, total spend from buyers during the summer months has averaged &pound;69bn-per-year, a
 figure that comprised of a little over 300,000 sales. <h2>Speaking on the forecast,&nbsp;Nick Whitten, our Head of UK Living Research,&nbsp;said:&nbsp;</h2>&ldquo;It is well-documented that the Summer is the best time to sell a home, with sentiment receiving a natural positive boost from the warmer weather. However, our data suggests that this post-lockdown summer will set a new record. The reasons behind the buying bonanza - with the most exchanges and highest total sales value on record &ndash; are threefold. The stamp duty extension to the end of June means that during the quarter eager buyers and sellers will look to force a deal through. This, combined with the increased financial stability many buyers are feeling as we unlock from Coronavirus, and the well-documented supply constraints in the UK market, means we can expect to see demand swallowing up available stock, pushing up prices but not to the extent that it will affect transactions.&rdquo;The Government has set a clear priority to help more people onto the housing ladder through its Own Your Home campaign. The campaign puts the spotlight on six Government-backed support schemes to allow people to access some form of home ownership.The forecasted spike in activity this Summer will be particularly evident in the north of England, which is predicted to see circa 100,000 sales &ndash; around 25% of the total UK.<h2>Stephen Hogg, our Head of North West and Residential UK Regions&nbsp;said:&nbsp;</h2>&ldquo;We have seen the market steadily improve and are fully expecting a further acceleration throughout the Summer.&nbsp; &ldquo;North-shoring&rdquo; is a trend we have seen pre-COVID but even more during and post-COVID with purchasers seeing better value for money in the north.&nbsp; Regional towns and cities continue to be voted the best places to live in the UK with less congestion and some of the best schooling.&nbsp; The regional cities are bouncing back quicker, HS2 offers further medium to long term growth prospects coupled with the Government&rsquo;s levelling up agenda.&nbsp; Flex working is becoming the norm and therefore the need to live close to the Capital is diminishing.&nbsp; The historical brain-drain of regional centres seeking high skilled high paid jobs in London is a thing of the past.&nbsp; With the likes of Manchester, Birmingham, Edinburgh offering opportunities equal to or not available in London they are now attracting a vast talent pool who in turn are boosting the local housing markets.&rdquo;<h2>Providing a Prime London lens on the research and forecast,&nbsp;Lucy Morton, our Head of Residential Agency,&nbsp;said:&nbsp;</h2>&ldquo;London has faced its own unique set of challenges over the past fifteen months. Unsurprisingly the extent of its sudden and vast transformation from a thriving, borderless hub of activity that never slept, to a fully-locked-down ghost town was reflected in a similarly drastic lull in property market activity.&nbsp;&ldquo;Yet despite this, the appeal of London as one of the most vibrant and popular cities of the world has reignited, the shoots of recovery in the capital are looking very green indeed; activity is picking up considerably, and interest &ndash; from domestic and international buyers alike &ndash; is returning.&rdquo;Factors have combined to set up the highest grossing quarter in UK residential market history. Read more on our Spring Forecasts
 <a href="https://residential.jll.co.uk/insights/news/spring-2021-forecasts-our-property-predictions">here</a>.You can find a full breakdown of the year-on-year data cited in the forecasts in the grid below: <table><tbody><tr style="height:16.666666666666668%;"><td style="width:33.3333%;text-align:center;">Year:</td><td style="width:33.3333%;text-align:center;">Total number of housing sales</td><td style="width:33.3333%;text-align:center;">Total value of transactions (&pound;)</td></tr><tr style="height:16.666666666666668%;"><td style="width:33.3333%;text-align:center;">2016</td><td style="width:33.3333%;text-align:center;">316,000</td><td style="width:33.3333%;text-align:center;">&pound;65bn</td></tr><tr style="height:16.666666666666668%;"><td style="width:33.3333%;text-align:center;">2017</td><td style="width:33.3333%;text-align:center;">337,000</td><td style="width:33.3333%;text-align:center;">&pound;72.5bn</td></tr><tr style="height:16.666666666666668%;"><td style="width:33.3333%;text-align:center;">2018</td><td style="width:33.3333%;text-align:center;">333,000</td><td style="width:33.3333%;text-align:center;">&pound;75bn</td></tr><tr style="height:16.666666666666668%;"><td style="width:33.3333%;text-align:center;">2019</td><td style="width:33.3333%;text-align:center;">317,000</td><td style="width:33.3333%;text-align:center;">&pound;72bn</td></tr><tr style="height:16.666666666666668%;"><td style="width:33.3333%;text-align:center;">2020</td><td style="width:33.3333%;text-align:center;">233,000</td><td style="width:33.3333%;text-align:center;">&pound;58bn</td></tr><tr style="height:16.666666666666668%;"><td style="width:33.3333%;text-align:center;">2021&nbsp;(predicted)</td><td style="width:33.3333%;text-align:center;">420,000</td><td style="width:33.3333%;text-align:center;">&pound;107bn</td></tr></tbody></table>&nbsp;

Billion pound summer forecasted this summer 2021 in UK housing market

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Spring 2021 Forecasts and property predictions as detailed by Nick Whitten, Head of UK Living Research at JLL.

We have released new research predicting the UK residential property market’s first ever £100 billion summer.

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The UK residential property market’s first £100 billion summer

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<img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1619178659/resi/gb/cms/Research/Images/2021_Forecasts_infographic_Landscape_V6.jpg" data-displaymode="thumbnail" alt="infographic" title="Spring 2021 Forecasts: Our Property Predictions" style="vertical-align:middle;" /><button class="Button primary"><a style="color:rgba(255, 255, 255, 1);" href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1619012684/resi/gb/cms/Research/PDFs/2021-forecasts-infographic-v5.pdf">Download the report </a></button> <iframe width="100%" height="315" src="https://players.brightcove.net/1268729899001/default_default/index.html?videoId=6256747058001" sandbox="allow-scripts allow-same-origin"></iframe> &nbsp;
Our Spring 2021 Forecast assumptions:<div>The UK housing market is set to continue to confound expectations with JLL now predicting strong house price growth across all markets in 2021.</div><div> </div><div>As our November 2020 report Home is&hellip;for Everything stated, our homes have become the centre of our lives prompting many to re-evaluate their living priorities. These changing priorities will continue to drive buyer and renter behaviour in 2021
 with a dedicated space for home working and a garden becoming more of a focus for families in particular.</div><div> </div><div>However, demand for city living will also bounce back in 2021 with a growing appetite to return to social, bustling urban centres, particularly driven by younger generations. JLL has been monitoring rising demand for homes in key cities prompting our
 expectations for strong house price and rental growth in London and other major regional UK cities over the next 12 months.</div><div> </div><div>Despite Covid-19 causing a record contraction in GDP and rising unemployment, over the past 12 months the UK housing market has seen the highest level of house price growth since before the EU Referendum in June 2016.</div><div> </div><div>Prices have continued to grow strongly in 2021 on the back of the supportive UK Government measures such as the extended Stamp Duty holiday, 95% Mortgage Guarantee scheme and the speed of the COVID-19 vaccine rollout.</div><div> </div><div>JLL now forecasts that price growth will be 4.5% in the UK and 6% across London in 2021.</div>&nbsp; <img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1583770729/resi/gb/cms/Contacts/Nick_Whitten.jpg" data-displaymode="thumbnail" alt="nick-whitten" title="Nick Whitten" style="vertical-align:middle;" />&nbsp; Nick Whitten - Head of UK Living Research<a href="mailto:Nick.Whitten@eu.jll.com" target="_blank"><button class="Button primary">Contact Us</button></a><div style="margin:15px;">&nbsp;</div>

Spring 2021 Forecasts: Our Property Predictions

Our lives revolve around our homes more than at any point in the past 250 years.

Our lives revolve around our homes more than at any point in the past 250 years. In our &lsquo;Home is for&hellip;Everything&rsquo; report, we looked to the future of UK house price and rental value forecasts for the next five years, the effect of the Covid-19 and the role technology would play in satisfying our needs and wants in our home. In our Spring 2021 Forecasts, we offer valuable insight into the next five years and predict strong house price growth.

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Spring Budget 2021: Stamp Duty Holiday Extension 

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

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. 

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.

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<h2>Home working during European lockdowns </h2>
In the <a href="https://residential.jll.co.uk/insights/research/housing-needs-and-resident-preferences-across-europe-during-covid-19">previous blog</a>, we identified shifting preferences on home location and priorities within the home itself. Many of these have been stimulated by much more time spent at home under &lsquo;shelter in place&rsquo; orders, as economic activity has drastically shifted from offices to residential units.
This blog unpicks the changing nature of peoples&rsquo; experiences and expectations for working from home, and leads onto identifying the similarities different socio-demographic cohorts exhibit across the whole European sample, including wider changes in home preferences in light of Covid-19. 
 
<h2>Working from home</h2>
Covid-19 has triggered a widespread temporary shift to homeworking. Government guidance across the continent almost unilaterally was to work from home wherever possible. Time spent at work fell, compared to normal, between 83 and 90% during its nadir under lockdown, according to Google Trends.
69% of survey respondents worked infrequently (less than once a week or never) before Covid-19, but being forced to work from home for a prolonged period has changed perceptions and expectations moving forward. In a post-Covid-19 world, our respondents want to work from home more, with the most common preference (53%) being 1-2 days per week. The below chart shows that the majority of flows are moderate changes to habits. For example, those who never work from home are now mostly wanting to work once or twice a week, rather than all the time. Indeed, the same proportion (7%) of respondents are looking to work from home full-time. 
 
<img src="https://cms-resi.eu.jll.com/images/default-source/default-album/graph-1---living-prioritiesdd2906d281be463a9b788c86df40000b.png?sfvrsn=ca7b6573_0" data-displaymode="Original" alt="Graph 1 - Living priorities" title="Graph 1 - Living priorities" style="vertical-align: middle;" /> 
It is worth noting that changing work from home preferences does not necessarily correlate with lower overall office space demand. The equation is much more complicated than this, as discussed in JLL&rsquo;s &lsquo;<a href="https://www.jll.co.uk/en/trends-and-insights/research/future-of-office-demand">The Future of Global Office Demand</a>&rsquo; paper, and includes factors relating to office design and commuting patterns, as well as technological influences. 
Most of the changes from our survey are minimal, and are likely to soften as people return to work and realise the benefits that personal interactions can have on productivity and collaboration in particular. Indeed, four months on from the first lockdowns, we are starting to a see a significant return of workers to their offices, albeit at limited capacity for now. As discussed in the earlier blog, people are looking to recreate the professional working environment at home, with second screens, office chairs, spare rooms and so on, meaning they value quality set ups. Indeed, there are many aspects of office life that simply cannot be replicated in a permanent work from home situation. There are many other factors at play as we look to the future across Europe: societal customs across the continent, ability for individuals to balance work and home lives, and ultimately employer rules and receptiveness this change. 
One of the interesting elements to this is the differences between age groups across our sample. Younger cohorts were significantly less likely to regularly work from home, with only 24% of 18-34s working from home once a week or more. The pandemic has significantly disrupted this trend, with all age groups relatively equally likely to want to work from home once or twice per week.&nbsp; 
 
<img src="https://cms-resi.eu.jll.com/images/default-source/default-album/graph-2---living-priorities.png?sfvrsn=1634891_0" data-displaymode="Original" alt="Graph 2 - living priorities" title="Graph 2 - living priorities" style="vertical-align: middle;" /> 
<h2>Towards a cohort classification</h2>
One of the most striking things about the survey results is how similar experiences have been, and the strong similarities of preference for those at different life stages. Drawing on themes from both blogs, the below graphic tries to identify different socio-demographic cohorts and their headline results from the survey. We can recognise the groups most likely to look to move, where their preference would be, what they want out of a home. The changing intention around home working is also notable different, perhaps showing the demographics the offices of the future should be more targeted towards.&nbsp; 
 
<img src="https://cms-resi.eu.jll.com/images/default-source/default-album/graph-3---living-priorities.png?sfvrsn=33046ac1_0" data-displaymode="Original" alt="Graph 3 - living priorities" title="Graph 3 - living priorities" style="vertical-align: middle;" />
<h2>Temporary or permanent?</h2>
The survey was conducted while much of Europe&rsquo;s population was in the deepest throngs of lockdown and is therefore likely that results reflect a bias for immediate concerns. As the continent&rsquo;s lockdowns ease and a semblance of normality emerges, it is possible that some views will soften, but other preferences will endure. 
We are looking to re-run the survey in the autumn to understand the permanency of these views &ndash; how far away is the &lsquo;new normal&rsquo; from past expectations?
Click&nbsp;<a href="https://residential.jll.co.uk/insights/theme/covid-19">here</a>&nbsp;to read our latest COVID-19 insights.&nbsp;&nbsp;
 
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<a href="mailto:Thomas.Colthorpe@eu.jll.com" target="_blank"><button class="Button primary">Contact</button></a>
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Tom Colthorpe 
Senior Analyst
</div>

Home working during lockdown across Europe

In the second of two blogs based on our JLL employee survey, we interrogate shifting work from home patterns under lockdown across Europe and how they influence people’s perceptions of the home. 

In the second of two blogs based on our JLL employee survey, we interrogate shifting work from home patterns under lockdown and how they influence people&rsquo;s perceptions of the home. Drawing on all the data, we demonstrate there are significant similarities in the experiences and expectations of distinct socio-demographic cohorts across Europe.

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The latest set of A-level results are expected to trigger an active period for the UK student accommodation sector as students race to secure tenancies for the upcoming academic year. The sharp increase in applications between January and June has led to a 2% increase in UK applicants this year, while participation rates are at their highest level on record amongst UK 18-year olds. This goes against the underlying demographic decrease amongst this age group in recent years and defies predictions of the impact of COVID-19. 
As of 30th June 2020, UCAS data showed that over two thirds of applicants had still not confirmed their final offers, a 10% increase in unconfirmed places compared to 2019/20. However, the first clearing data shows that UK acceptances are up by 2.9%, while non-EU acceptances are up by 2.0%. Although EU acceptances have fallen by 15.2%, overall acceptances on A-level results day are up by 1.9% year on year. 
With universities subject to a temporary 5% cap on how many students they can take for the 2020/21 academic year, many students will now be facing strong competition given that 78% of students achieving grades A*- C (up from 75.5% in 2019). The recent GDP and employment data and the disruption caused by several months of national lockdown means that deferrals are not expected to increase. This will give many universities the opportunity to fill their places with high quality students.
Furthermore, the government has announced that any student appealing their decision will be exempt from the cap on places which may help to underpin demand. Although 40% of students received grades different from their teacher&rsquo;s predictions, 97% of all students are within one grade. The introduction of the triple lock and universities taking a more relaxed approach to selection is also welcome. So far, the government will not reissue downgraded students the grades predicted by their teachers, as was the case in Scotland, however public response over the forthcoming weeks may lead to additional updates from central government. 
As before, much still rests on how many international students turn up for the start of term. There have been tentative signs that demand from this group has held firm, despite some initial concerns about the impact of COVID-19. UCAS figures from the 30th June deadline showed international applications up by 5% when compared to the same time in 2019/20. 
Overall, leasing activity for purpose-built student accommodation remains strong. To date, over 70% of private PBSA beds have already been let for the new academic year, according to JLL&rsquo;s Student Housing Leasing Survey of over 145,000 beds, equivalent to 45% of the private market. Total bookings are ahead of where they were 12 months ago, largely as a result of existing students rebooking, and demand from new students is also up. 
Following the disruption to the sector in March and April, the flurry of leasing activity expected in the coming weeks, as students settle on their courses and look to secure accommodation ahead of the new academic year, is expected to be positive for the sector. The results today further suggest demand will remain in the short to medium term, providing some much-needed relief to investors. 
Philip Hillman, Chairman, Living Capital Markets, comments:
&ldquo;There is still uncertainty around how things will look once the new academic year gets underway in September, but after a significant period of disruption there are some encouraging signs. &nbsp;The longer-term outlook for student housing remains strong and it will continue to be driven by the same underlying counter cyclical factors that has attracted so much investment in recent years.&rdquo;
<img src="https://cms-resi.eu.jll.com/images/default-source/default-album/james-kingdom-bw-488x180.jpg?sfvrsn=de9ea989_0" data-displaymode="Original" alt="James-Kingdom-BW-488x180" title="James-Kingdom-BW-488x180" /> 
 
James Kingdom 
Associate - UK Living Capital Markets Research

UK student housing update following A-level results day

An update on the demand outlook for the UK student housing sector following the release of this year’s A-level result. 

An update on the demand outlook for the UK student housing sector following the release of this year&rsquo;s A-level result for students in England and Wales. The new academic year presents a chance for the student housing sector to resume following the disruption caused by the pandemic in March.

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Following RICS&rsquo; guidance today announcing the removal of the need for material uncertainty clauses (MUC) for residential valuations, JLL&rsquo;s and Savills&rsquo; valuation teams have released a joint statement expressing their decision
 to remove MUCs from reports and reflecting on RICS&rsquo; recommendations.The guidance by the Royal Institution of Chartered Surveyors impacts the vast majority of residential valuations as it specifies &lsquo;residential property and land&rsquo;, with reference to specific use classes. However, it remains open to individual
 valuers to deploy the clause in exceptional circumstances, if they consider it necessary in relation to the particular asset or assets being valued and in the light of local market conditions. Download the joint statement below:
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JLL and Savills valuers announce lifting of material uncertainty clauses based on RICS’ recommendations

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Stamp duty holidayGovernment policy support is of absolute importance in limiting the economic impact of Covid-19 on the housing market in the UK. The stamp duty holiday until 31st March 2021 for homes up to &pound;500,000 could prove to be a key incentive to kickstart
 the housing market and make up for lost sales. There is a lot of pent up demand for new homes in the UK &ndash; our research shows more people are now looking to move home in the next two years. This stimulus could trigger a stronger than anticipated
 bounce in demand by allowing aspiring purchasers to use their stamp duty saving towards a higher deposit.The Government has a recent track record of making stamp duty changes to help those on the earlier stages of the housing ladder such as first time buyers. Looking forward we would also encourage the Government to consider stamp duty incentives for older
 people to downsize or right size their homes. There is strong evidence to show that those over the age of 65 simply do not move until such a time as it becomes a necessity, such as needing care. However, over the next 10 years around 25% of the UK
 population will be over the age of 65. Encouraging these people to move into age appropriate homes would free up much needed housing at the other end of the housing ladder.The green recoveryAssisting households with making energy-efficient home improvements will lead to lower energy bills, create job opportunities all over the country and is an important initiative to help deliver a low carbon future for the
UK.&nbsp; But the Government still needs to lay out the full roadmap to decarbonise all homes across the UK, and it must take responsibility to educate the public that living in a low carbon home is both inherently desirable and an absolute necessity
to meet our climate change goals.
<a href="https://residential.jll.co.uk/search?tenureType=sale&amp;flags=help-to-buy%7Cshared-ownership&amp;sortBy=price&amp;sortDirection=desc"></a> <img style="display:block;margin-left:auto;margin-right:auto;" src="https://cms-resi.eu.jll.com/images/default-source/articles/nick-whittenff5b6a2f02024effbe2728cd4bd0c4c8.jpg?sfvrsn=aea2d7eb_1" sf-size="100" />Nick Whitten - Head of UK Living Research

Stamp duty tax holiday should trigger stronger than anticipated bounce in house demand

London, 08 July 2020 - The impact of the Covid-19 pandemic on UK economic growth and business activity is undeniable

Impact of the Covid-19 pandemic on UK economic growth and business activity is undeniable, but the stimulus measures announced today will be key to boosting the housing market through the current downturn.

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Chris Ireland, UK CEO at JLL, has added his signature to a letter that has been sent by the National Housing Federation to the chancellor urging him to put good quality, affordable housing at the centre of plans for social and economic recovery from the coronavirus crisis.Homes at the Heart is a national campaign and coalition calling for a once-in-a-generation investment in social housing.Dear Chancellor,Put homes at the heart of recovery. We are writing to urge you to put good quality, affordable housing at the heart of your plans for social and economic recovery from the coronavirus crisis.This pandemic has transformed our relationship with our homes. For some, home has been a sanctuary from a dangerous and unpredictable virus. Home has become their office, a classroom, a gym or a place of worship. But for countless others, the place they have spent lockdown has felt like a prison &ndash; housing that is far too small, too expensive, of poor quality or isolated from the support that would help them to live well.The coronavirus crisis is further highlighting the need for secure, high quality, better designed affordable homes and, for many people, support to live in them. Not least for many of the people most affected by this crisis &ndash; low-paid key workers living in homes they can&rsquo;t afford, rough sleepers helped off the streets, homeless families in temporary accommodation, older people in unsupported homes, and families stuck in overcrowded conditions.Without action, we are likely to see many people&rsquo;s housing situations get much worse in the weeks, months and years ahead, as the economic impacts of the crisis are felt across the country.In times of crisis, the worth of social housing is ever more visible and to so many of the challenges that lie ahead, social housing is the answer. The social housing sector stands ready to play a major role in shoring up the future of the country.Public investment in all types of new and existing social housing gives more back to the economy than it takes.Building and improving social homes, including delivering on the decarbonisation agenda, creates jobs, kick-starts growth and brings huge environmental benefits.Investing in supporting people to live well in their social homes improves health and wellbeing, and drives cost savings for the NHS.Social housing is at the centre of thriving communities.That is why we support the Homes at the Heart campaign.As you develop and deliver plans to get the country back on track, we are calling on the government to put social homes at the heart of recovery &ndash; as a driver of economic and social prosperity, and an anchor for strong communities.More information on the Homes at the Heart campaign is available <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.housing.org.uk%2Four-work%2Fcoronavirus%2Fhomes-at-the-heart%2F&amp;data=02%7C01%7CNikhil.Vaishnavi%40ap.jll.com%7Ccc03a47154354b9f458d08d818f2789e%7Cbfef2b06d2564f8ebd038d3687987063%7C0%7C0%7C637286776968061120&amp;sdata=5SsZAjRL%2F1gFyg8lY%2BJtIbuAkOdEZy28kdsyNYAOPlY%3D&amp;reserved=0">here</a>&nbsp;<a href="https://residential.jll.co.uk/search?tenureType=sale&amp;flags=help-to-buy%7Cshared-ownership&amp;sortBy=price&amp;sortDirection=desc"></a>

JLL urges quality and affordable housing to form part of social and economic recovery from Covid19

JLL supports National Housing Federation’s Homes at the Heart Campaign

JLL supports National Housing Federation&rsquo;s Homes at the Heart Campaign

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On June 16 at 17:00, join Kimberly Markiewicz Senior Research Analyst within the UK Residential Research team to discuss the impact of the global pandemic on the residential market, including predicted forecasts and the potential shift in buyers&rsquo;
 preferences. Holly Stock, Director of Help to Buy and Eloise Robins, Director of Share Ownership will outline the various implications the current pandemic may have on the government schemes Help to Buy: Equity Loan and Help to Buy: Shared Ownership as well as JLL&rsquo;s
 collection of properties across London.
<a href="https://players.brightcove.net/1268729899001/default_default/index.html?videoId=6165245736001" target="_blank">Watch our webinar</a><a href="https://residential.jll.co.uk/search?tenureType=sale&amp;flags=help-to-buy%7Cshared-ownership&amp;sortBy=price&amp;sortDirection=desc">View JLL&rsquo;s Help to Buy and Shared Ownership properties.</a> &nbsp;<img style="display:block;margin-left:auto;margin-right:auto;" src="https://cms-resi.eu.jll.com/images/default-source/blog---graphs/kimberly-markiewicz-for-website.jpg?sfvrsn=8dccad1c_1" sf-size="100" /> Kimberly Markiewicz &nbsp; &nbsp; &nbsp; Senior Research Analyst&nbsp; &nbsp; &nbsp;

JLL Share to Buy Webinar, June 16 2020

In partnership with Share to Buy, our Research, Help to Buy and Shared Ownership teams will discuss the current market activity, potential future trends impacting the UK residential market in light of Covid-19.

In partnership with Share to Buy, our Research, Help to Buy and Shared Ownership teams will discuss the current market activity, potential future trends impacting the UK residential market in light of Covid-19 as well as spotlight on some of our qualifying properties.

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London, 09th March 2020 &ndash; Greater economic and political certainty will fuel higher price growth and transactions in the UK housing market in 2021 and 2022, according to JLL&rsquo;s Living With 2020 Vision Regional Forecasts Report. Whilst 2020 will see gradual change as housebuilders start to rebuild development pipelines, this foundational growth will set the market up for significant regional growth from the end of the year through to 2024, with Greater London (17%), the East of England (16.4%) and the North West (16.5%) predicted to record the strongest sales price rises.Manchester is forecasted to have both the highest sales price (17.1%) and rental growth (16.5%) of any UK city over the next five years. The sales price is notably higher than the UK average (14.8%), despite London having a significantly higher volume of development. There are a variety of reasons for this, namely growth in the local economy and population. Bristol is ranked second to Manchester in terms of speed of growth, with a sales price growth forecast of 17% between now and 2024. The city&rsquo;s first coliving scheme has secured planning permission and the multifamily sector continues to grow with several developments under construction. Whilst Leeds and Liverpool are not growing quite as fast, they are continuing to evolve as strong hubs for property. As the city centre continues to increase its number of owner-occupiers, investors, renters and developers, Liverpool is developing into a modern city with a forecast of 13.1% sales price forecast for 2025. Similarly, Leeds is seeing change, with multifamily schemes in the development pipeline catalysing a potential rent push in the city&rsquo;s market. The West Midlands property market is also modernising. Birmingham&rsquo;s urban living sector has become prominent in the city centre over the past few years and is expected to grow further with continued demand. This has been aided by enhanced public transport at Grand Central, with further improvements expected when HS2 is launched. With this, Birmingham can be expected to grow stronger in both economic and demographic terms, mainly as transport in London is seen as one of its biggest pull factors. As the UK progresses through the first few months of the post-Brexit era, markets are still adapting, and the property sector is no anomaly. Across all UK city centres, higher price growth is likely to occur as greater economic and political certainty encourages positive consumer confidence, strong real wage growth and a robust jobs market. Nick Whitten, Director of UK Living Research &amp; Strategy, JLL said: &ldquo;2020 is a milestone year for the UK&rsquo;s regional cities and getting the property sector &lsquo;back on track&rsquo;. Whilst as a country we are still reconciling post-Brexit dynamics and there is a level of uncertainty that is affecting all markets, including housing, as everything begins to stabilise, housebuilders will be able to move forward and we can expect significant growth in the property sector across the UK.&ldquo;JLL forecasts regional cities will be able to retain their talent and bridge the gap they currently have with London if adaptations to their property hubs are made. These cities are currently on track for success, with many developing more modern living approaches. If this can be coupled with a balanced life-work package, a shift in the industry from a London-centric property hub can, and should, be expected.&rdquo;

Urban living on the rise in UK city centres, fuelling house price and rental growth, according to JLL’s Living With 2020 Vision Regional Forecasts

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With rising demand for higher education set to see full time student numbers grow a further half a million by 2030, PBSA has become a lucrative ticket for real estate investment. Our latest Student Housing Report highlights how investor appetite remains robust due to the sectors defensive, income-producing characteristics, despite a number of challenges including a fall in development pipelines and growing rent affordability concerns.
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UK Student Housing Report 2019

This report explores how supply pressures for UK purpose built student accommodation (PBSA) will drive future demand

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Manchester, 8 August, 2019 - JLL has seen a spike in demand for apartments with a 117% increase in people moving in to Manchester in July 2019, compared to the same period last year. Head of North West residential agency, Louise Emmott, believes the increase in people moving in to Manchester can be attributed in part to the city&rsquo;s enduringly attractive offering. &ldquo;While Manchester&rsquo;s appeal endures, we're seeing more international businesses recognise the importance of shoring up their operations in Northern England, and recognise Manchester as an ideal location. &ldquo;Manchester is becoming increasingly in demand as a city, as young people are priced out of the capital and businesses look to &ldquo;north-shore&rdquo; parts or all of their offices. &ldquo;Manchester has so much to offer &ndash; it&rsquo;s teeming with culture, sport, a world-class food and drink scene and a booming night-time economy. This, paired with the area&rsquo;s impressive business credentials, means that it&rsquo;s hugely appealing to younger generations that want the big city feel but can&rsquo;t afford or access London. &ldquo;Similarly, Liverpool is a serious contender nowadays and we&rsquo;re seeing continued interest there too.&rdquo; In addition to the 117% increase in people moving into apartments, the team has also seen a 103% increase in lets agreed in July 2019, compared to July 2018. Louise continues: &ldquo;With Manchester, as we&rsquo;re seeing more and more people flock to the city region, there has naturally been an increase in rental and house prices. &ldquo;That increase is always a sign of a healthy local economy, which is of course positive. But we have to be mindful that one of Manchester&rsquo;s key attractions has always been its affordability when compared to southern cities, so it&rsquo;s important that it doesn&rsquo;t price itself out of the market &ndash; something that we at JLL are very conscious of. &ldquo;The introduction of the build to rent market in Manchester has proved very popular and we are seeing an increasing trend towards students and graduates seeking residential accommodation with additional amenities within a development such as gymnasiums, leisure facilities and lounges.&rdquo; The lettings figures come off the back of a successful year for JLL&rsquo;s residential team based in Manchester with the successful launch of a new BTR development in the Northern Quarter and the new homes team currently completing on over 350 apartments for Muse Developments and Peel Holdings.&nbsp;&nbsp; &ldquo;The team has worked incredibly hard this year, and that can&rsquo;t be discounted - we&rsquo;re still one of the region&rsquo;s most effective agents and I&rsquo;m proud of how we&rsquo;re continuing to grow and evolve,&rdquo; concludes Louise.

117% increase in people moving into Manchester according to figures from JLL

Manchester, 8 August, 2019 - JLL has seen a spike in demand for apartments with a 117% increase in people moving in to Manchester in July 2019, compared to the same period last year.

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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.
Generally the personal information we collect from you are for the purposes of dealing with your enquiry.
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>.

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PRIVACY NOTICE
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.
Generally the personal information we collect from you are for the purposes of dealing with your enquiry.
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>.

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