<p>&nbsp;</p><p><font color="red">Disclaimer:</font> <i>The Covid-19 pandemic has created a material uncertainty in real estate investment market performance. Across Europe, there is considerable variation in the extent of the human implications unfolding and their impact on economic activity, including the trajectory, duration and extent of these impacts on all real estate sectors. Varying recent and ongoing policy responses across the region and mitigating implications will differ by market and sector. </i></p><p><i>As a result, caution should be applied to usage of our latest market forecasts contained within this document.</i></p><h2><b>JLL forecasts UK house prices to fall by 8% in 2020</b></h2><p>Predicting the full impact of Covid-19 on the performance of the UK housing market is a complicated exercise. The steps taken to contain Covid-19 have led to a steep contraction of the economy. The Bank of England and the Office of Budget Responsibility
    are predicting the UK could face its deepest recession in 300 years. However, the Government has taken unprecedented steps to protect businesses and households with the aim of enabling the economy to grow quickly again.</p><p>Ultimately the longer it takes to fully return to &lsquo;normality&rsquo;, the more severe the recession will be. Hopes of a more immediate V-shaped recovery are fading fast. The great unknown of how long this crisis will last remains the key challenge
    &nbsp;in arriving at a robust housing market forecast. </p><p>We have assumed Covid-19 will continue to impact our ability to go about our daily lives throughout the remainder of 2020 and into 2021 and ultimately until a vaccine is widely in circulation. We have also taken account of the growing signs of economic
    scarring with a significant rise in unemployment now expected in 2020.</p><p>There will be regional variations to our forecasts of course with some parts of the country more affected than others. And, at a more local level, there will be some areas that are more resilient and perform better. There is an upside potential to our
    forecasts. For example, a new Government stimulus response could trigger a stronger than anticipated bounce in home buying demand.</p><p>However, there are downside risks also. For example, if it&nbsp; takes longer to find a Covid-19 vaccine or a Hard Brexit could ensue.</p><h2><b>Subdued sales and starts</b></h2><p>The housing market has re-opened for business and there may be a small bounce in sales due to pent-up demand. But there remains continued uncertainty as well and this is &nbsp;expected to leave buyer sentiment subdued for much of the remainder of 2020
    and running into early 2021. Due to the extent of the recent full market closure and the continued social distancing measures we expect annual transactions to drop to around 650,000 in 2020 from 1.2m in 2019 &ndash; below the bottom of the Global
    Financial Crisis when transactions fell to 750,000 in 2008/09. Annual transaction volumes would be expected to start growing again from the second half of 2021 as confidence gradually starts to return, getting back to around pre-Covid levels of just
    below 1.2m by around 2023. </p><p>Meanwhile, we expect UK new housing starts to plummet to 80,000 in 2020, well below the Global Financial Crisis in 2008, when starts bottomed out at 100,000. New home completions should fare slightly better as housebuilders prioritise these in the short
    term. However, social distancing will extend the length of time it takes to deliver a traditionally built new home by up to 50% compared with pre-Covid-19 which will create a fundamental dampening effect on new supply.</p><p><b><u>JLL home sales and housebuilding forecasts May 2020</u></b></p><p><img src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/forecasts-table-1-18-05-202fa0f02c301248ff8b43a11f0aaadab7.png?sfvrsn=dae900c_1" sf-size="100" /></p><p><i style="font-size:11.25px;vertical-align:sub;background-color:initial;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;">*Regional and locational variations will apply</i></p><h2><b>London prices to recover more quickly</b></h2><p>The UK housing market has effectively now been re-opened for business following an unprecedented drop-off in new buyer activity over the past two months. Once the dust settles, the buyers who remain active this year will typically be more opportunistic in nature and will seek to secure a deal. However, the Government&rsquo;s job protection schemes should limit the number of forced sellers. As a result, we forecast this will lead to price falls of circa 8% in 2020, around half the level of falls
    witnessed in the global financial crisis.</p><p>Across Greater London we expect price falls will be similar to the UK average in 2020. However, the most exclusive Prime Central London (PCL) market, which has already seen several years of weak performance and is now looking &lsquo;good value&rsquo;
    relative to other global prime markets, should see lower falls of 4% off a very low base of sales activity.</p><p>Prices are expected to recover more quickly in Greater London and PCL, led by a spike in demand from investors and opportunistic owner-occupier buyers.<br /></p><p><b><u>JLL house price forecasts May 2020</u></b></p><p><img src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/forecasts-table-2-18-05-20a7d2cd108ca341b8aa9e113c185a6fda.png?sfvrsn=d206b514_1" sf-size="100" /></p><p><i style="font-size:11.25px;vertical-align:sub;background-color:initial;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;">*Regional and locational variations will apply</i></p><h2><b>Rental falls expected but BTR more resilient</b></h2><p>The UK&rsquo;s circa 5m private rental households are expected to feel disproportionate pressure on their incomes due to the Covid-19 crisis. This will particularly be the case for those employed in the hospitality and retail sectors, who have a much
    greater difficulty working from home. We expect that, in the Q3 peak letting season, many of these lower income PRS households will look to negotiate down rents resulting in average value falls of circa 2% across the whole UK rental market in 2020.</p><p>However, these falls will be tempered by an increase in rental demand from people opting to delay their purchasing ambitions over the short-term and we forecast that positive rental value growth should start to return from 2021.</p><p>And as with the sales market, there will be regional variations in performance. The Build to Rent sector should also prove more resilient for several reasons. Longer average tenancy lengths mean BTR customers are less likely to be facing a tenancy break
    in the short term. Our research also shows that BTR customers earn c 30% more than the UK average salary shielding them somewhat from short-term pressures on their incomes.
    <font color="inherit" face="inherit" size="-1"></font></p><p><b><u>JLL Rental Market Forecasts May 2020</u></b></p><p><img src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/forecasts-table-3-18-05-20f4a67ade1aa34290835a1fdffd838a63.png?sfvrsn=98d6a195_1" sf-size="100" /></p><p><i style="font-size:11.25px;vertical-align:sub;background-color:initial;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;">*Regional and locational variations will apply</i></p><p>To access more Covid-19 insights click&nbsp;<a href="https://residential.jll.co.uk/insights/theme/covid-19" target="_blank" rel="noopener noreferrer">here</a></p><p><img src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/nick-whittenff5b6a2f02024effbe2728cd4bd0c4c8.jpg?sfvrsn=aea2d7eb_1" style="display:block;margin-left:auto;margin-right:auto;" sf-size="100" /></p><p style="text-align:center;">Nick Whitten &ndash; Head of UK Living Research</p>

JLL forecasts UK house prices to fall by 8% in 2020

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We revisit our 2020 Residential Forecasts in light of the Covid-19 pandemic, discussing its likely impact on house prices, transactions, housing starts and the rental market in the UK over the next five years.

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<p>Reading, Maidenhead and Slough present great opportunities for owner-occupiers, investors, renters and residential developers owing to their excellent connectivity and attractive pricing compared to the Capital. <br /></p><p>Currently, each of these towns boast connections to London Paddington (with a journey time of under 30 minutes) and with Crossrail due to become fully operational in 2022, London&rsquo;s employment hubs will be more accessible than ever.<br /></p><p>The outlook for the Western Corridor is very positive. The Covid-19 pandemic has created uncertainty for the future but the underlying story is one of progression and dynamism. We expect both house price and rental growth will outpace the UK and the South
    East over the next five years.&nbsp; <br /></p><p>Want the full picture on the sales and lettings market in the Western Corridor? Download the full report below:</p><p>&nbsp;</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1589550735/resi/gb/cms/Research/PDFs/JLL_Western_Corridor_2020.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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Western Corridor - 2020

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<b>Our Western Corridor report predicts a positive future for the residential market in Reading, Maidenhead and Slough.</b>

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<p>The Prime Central London sales market accelerated into early 2020 following the General Election in late-2019, but the coronavirus pandemic slowed activity in March and will significantly impact Q2 2020. Similarly, a strong start to the 2020 Prime Central London lettings market was curtailed abruptly by the impact of the coronavirus.</p><p>At present, the report predicts a 15% five year sales price forecast and 11% five year rental growth forecast and examines the significant impact of Covid-19 on the economic and housing markets.</p><p>Want the full picture on Prime Central London&rsquo;s sales and lettings markets? Download the report here for a look at what happened in Q1 and what&rsquo;s to come:</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1587391023/resi/gb/cms/Research/PDFs/JLL_PrimeCentralLondon_Q12020.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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Prime Central London Q1 2020

<b>Our latest research reviews&nbsp;how a positive start to 2020 was stopped in its tracks by the global coronavirus pandemic.</b>

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<p>Living is now the <b>second largest</b> real estate sector in Europe, accounting for <b>&euro;73bn</b> of investment across the continent in 2019.</p><p>Building on last year&rsquo;s report where we sought to understand global investment appetite into European Living assets (student housing, coliving, multifamily, affordable housing and healthcare), this year&rsquo;s report identifies critical shifts
    in the attitudes and intentions of investors in this space.</p><p>Our recent findings demonstrate that appetite for Living investment continues to grow across the continent and sub-sectors, with investors focusing on sustainable assets.</p><p>This year&rsquo;s survey brings further transparency of the challenges and opportunities in this market, enabling investors to make informed decisions.</p><h2>Key results from the 2020 survey include:</h2><ul><li>Appetite for Living investment is growing across the continent and sub-sectors&nbsp;</li><li>Over two thirds of investors have ambitions to expand into new European markets (69%) and new Living sub-sectors (67%)</li><li>Respondents believe Living investment volumes will grow in 2020 following stabilisation in 2019&nbsp;</li><li>Coliving is the sub-sector set most likely to benefit from this growth, with 95% of investors expecting to see more liquidity in the coming year</li><li>Almost all (94%) investors believe that future Living investment will be focused on sustainable assets&nbsp;</li><li>Most investors view the value of sustainable assets in terms of retaining their value (87%) and&nbsp;future proofing returns (83%).</li></ul><p>&nbsp;</p><h2>Covid-19</h2><p>The 2020 JLL European Living Investor Survey was open for responses from early December 2019 until 31st January 2020, before the outbreak of Covid-19. The subsequent spread of the virus across the globe and Europe has caused widespread economic and social
    disruption, with serious but as yet uncertain impacts on Living real estate investment. JLL Research is monitoring these effects and will be reporting on market impacts as they emerge.</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1585320729/resi/gb/cms/Research/PDFs/European_Living_Investor_Survey_2020__JLL_and_ASI.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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JLL European Living Investor survey

Our latest European Investor Survey, supported by Aberdeen Standard Investments, analyses the investor appetite for the Living asset class (student housing, coliving, multifamily, affordable housing and healthcare) across Europe.

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<p>&nbsp;</p><p>South East London is home to some of the most significant regeneration areas in London as well as exciting and upcoming neighbourhoods. </p><p>With the Government&rsquo;s clearer plan on Brexit and renewed momentum from both buyers and sellers, we are expecting a far more active housing market. Looking ahead, we forecast an 18% sales price growth and 18% rental growth in the next five years,
    a marginally stronger rate relative to much of Greater London.</p><p>Residential development is a key driver of this enhanced and improving area. Amongst key growth areas for the planning pipeline include the Old Kent Road Corridor which is set to deliver just over 5,000 private units, Greenwich Millennium Village with
    around 3,600 units of all tenures and an additional 4,572 private units in Blackheath through the new Kidebrooke Village neighbourhood. The Bakerloo line extension will improve the existing convenient transport connections in the area, making South
    East a desirable location to call home.</p>Want the full picture on South East London&rsquo;s sales and lettings market? Download the full report below:
<p>&nbsp;</p><p>&nbsp;</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1584512559/resi/gb/cms/Research/PDFs/South_East_London_Research_Report_March2020.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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South East London 2020

JLL's South East London research report explores industry insight, providing a holistic perspective on the South East London property market.

Our latest South East London research suggests an exciting mix of new, regenerated and rediscovered neighbourhoods are helping to shape its more dynamic future.

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<p>In 2019, JLL brought together student housing, coliving, multifamily, affordable housing and healthcare under one team to represent the full lifecycle of Living. These sectors all depend on demographic trends such as urbanisation, an ageing population
    and changing household formation rates. </p><p>The JLL Living Quarterly Bulletin aims to provide an update on the key issues in each sector for all our clients, whether you are interested in just one sector or the whole Living market. The first edition of the EMEA Living Quarterly Bulletin has coincided
    with the outbreak of COVID-19 and its spread across the globe has taken many by surprise. While longer term impacts are not known at this stage, investment activity is likely to slow in H1 2020 as investors react to uncertainty. In the short to medium
    term, Living assets and in particular multifamily, tend to have more defensive characteristics. The sector benefits from stable income streams and the ability to actively maintain rents to limit void periods.&nbsp; Demand is typically resilient to
    economic shocks and is fundamentally supported by the unaffordability of home ownership, urbanisation and increased interest in more flexible-living solutions.&nbsp; However, diminishing consumer confidence and reduced mobility will impact demand
    during this period of uncertainty.</p><p>Download our EMEA Living Capital Markets Quarterly Bulletin below.
    <o:p></o:p></p><p>&nbsp;</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1588159738/resi/gb/cms/Research/PDFs/EMEA-Living-Capital-Markets-Bulletin-Q1-2020-JLL.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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Q1 EMEA Living Capital Markets Update

<p>The EMEA Living Capital Markets bulletin monitors market trends and provides commentary on a quarterly basis across the continent.<b></b></p>

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<p>The UK&rsquo;s seven largest regional economies are hugely important to the prosperity of the UK. Together the big seven regional UK cities account for 17.5% of UK GDP and are all individually showing signs of positive growth. </p><p>The UK Government has identified these seven cities as engines of growth to boost the performance of the economy as a whole. </p><p>To find out more on how these regional giants can continue to thrive and an insight into sales and rental price growth across the UK, download the report below.
    <br /><br /></p><div style="margin:15px;text-align:center;"><p><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1583924620/resi/gb/cms/Research/PDFs/JLL_Regional_Forecasts_2020_FINAL.pdf" target="_blank"><button class="Button primary">Download Report</button></a> </p></div><br /><br /><p><img src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/20200219_regional_forecasts_webimages_ld-726x300px-1_r3.jpg?sfvrsn=47db929f_1" sf-custom-thumbnail="true" width="300" sf-constrain-proportions="true" sf-size="100" />The economies of the North West and Yorkshire &amp; the Humber will be two of the strongest performing economies in the UK over the next five years.</p><p>Manchester is forecast to see both the highest sales price and rental growth of any UK city, despite a higher volume of development. For more insight download our Northern England report below.<br /><br /></p><div style="margin:15px;text-align:center;"><p><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1584016688/resi/gb/cms/Research/PDFs/JLL_Regional_Forecasts_Northern_England_2020_FINAL.pdf" target="_blank"><button class="Button primary">Download Report</button></a></p></div><br /><br /><p><img sf-custom-thumbnail="true" width="300" src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/20200219_regional_forecasts_webimages_ld-726x300px-2_r3.jpg?sfvrsn=f7d96a28_1" sf-constrain-proportions="true" sf-size="100" />With the Scottish economy expected to grow by 1.9% pa over the next five years, Edinburgh will witness the joint highest growth rate of all UK cities, with
    Glasgow just behind.</p><p>Urbanisation is a growing trend in Scotland&rsquo;s two largest cities and this will help fuel further residential development but is unlikely to satisfy escalating demand. For more insight into the residential market in Scotland download our report below.<br /></p><div style="margin:15px;text-align:center;"><p><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1583924615/resi/gb/cms/Research/PDFs/JLL_Regional_Forecasts_Scotland_2020_FINAL.pdf" target="_blank"><button class="Button primary">Download Report</button></a></p></div><br /><br /><p><br /><img style="background-color:initial;font-size:inherit;font-family:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;caret-color:auto;" sf-custom-thumbnail="true" width="300" src="https://weasresicmspd.azurewebsites.net/images/default-source/articles/20200219_regional_forecasts_webimages_ld-726x300px-3_r3.jpg?sfvrsn=2077cda9_1" sf-constrain-proportions="true" sf-size="100" /></p><div style="margin:15px;text-align:center;"></div><p>The region&rsquo;s largest cities, Bristol and B irmingham, are predicted to see their economic growth outpace the regional averages. HS2 is already having an impact in Birmingham, raising its profile even before the line has opened. </p><p>Bristol&rsquo;s economy is set to grow faster than any UK city (with the exception of Manchester), positively impacting on rental and sales growth. For more insight into the residential market in this region download the report below.</p><div style="margin:15px;text-align:center;"><p><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1583924615/resi/gb/cms/Research/PDFs/JLL_Regional_Forecasts_Midlands_South_West_2020_FINAL.pdf" target="_blank"><button class="Button primary">Download Report</button></a></p></div><br /><br /><p>&nbsp;</p><p>Click below to download our London-focused UK Residential Forecasts where we breakdown the future of the UK housing market for 2020 and beyond.</p><div style="margin:15px;text-align:center;"><p><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1582622036/resi/gb/cms/Research/PDFs/JLL_Forecasts_2019_Living_with_2020_vision.pdf" target="_blank"><button class="Button primary">Download Report</button></a></p></div><p>&nbsp;</p><figure><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1583770729/resi/gb/cms/Contacts/Nick_Whitten.jpg" alt="Nick Whitten" /><figcaption style="text-align:center;">Nick Whitten<br />Head of UK Living Research</figcaption></figure><p>&nbsp;</p><p>&nbsp;</p><figure><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1583770729/resi/gb/cms/Contacts/Neil_Chegwidden.jpg" alt="Neil Chegwidden" /><figcaption style="text-align:center;">Neil Chegwidden<br />Director - UK Living Research</figcaption></figure><p>&nbsp;</p>

Living with 2020 Vision: UK City Centre Forecasts

<i>With a spotlight on the 7 largest regional economies in the UK, our City Centre Forecasts report analyses the residential market in the country&rsquo;s major cities.</i>

<p><b><i>With a spotlight on the 7 largest regional economies in the UK, our City Centre Forecasts report analyses the residential market in the country&rsquo;s major cities.</i></b><i></i></p>

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<p>&nbsp;</p><p>&nbsp;</p><p><i>This quickly evolving new London neighbourhood is set to come of age in 2021. Our latest research covers our five year forecast for this rapidly changing area, as almost 5,000 residential units have been completed over the past five years as well as retail, leisure and office space.</i></p><p><i>With 4,810 further units under construction currently and 8,105 units in the development pipeline, this will ensure the area continues to evolve and grow further over the next decade. Battersea Power Station itself will not only deliver around 250 residential units, but will also become Central London&rsquo;s third largest shopping destination. </i></p><p><i>We forecast a 19% sales price growth in the next five years. Once key transport facilities open including the Northern line extension in 2021, we anticipate a significant increase in rental levels as the area becomes far more appealing and accessible. For more insight into the residential market in Vauxhall, Nine Elms and Battersea, download the full report below:</i></p><p>&nbsp;</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1588859786/resi/gb/cms/Research/PDFs/JLL_Vauxhall_Nine_Elms_Battersea_2020.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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Vauxhall Nine Elms Battersea 2020

<i>The Vauxhall Nine Elms Battersea area is the fastest changing neighbourhood in London&rsquo;s Zone 1.</i>

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<p>In 2019 we brought together student housing, coliving, multifamily and healthcare under one team to represent the full lifecycle of accommodation. This enables us to offer you the necessary depth and breadth of expertise across all Living markets and
    asset classes.
    <o:p></o:p></p><p>The first of its kind, our Living Capital Markets bulletin provides an update on key issues across the whole Living market to help better inform our clients&rsquo; investment decisions and facilitate greater opportunities across the Living spectrum.
    <o:p></o:p></p><p>Our quarterly bulletin identifies market trends, delves into marketing activity, takes a view on yields and explores the impact of significant policy changes. We also highlight observations from a recent piece of sector-specific research, providing further
    insight into each Living sector.
    <o:p></o:p></p><p>Download the bulletin below or get in touch with one of Living team <a href="https://www.jll.co.uk/en/campaign/living">here</a>.</p><p>&nbsp;</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1583765817/resi/gb/cms/Research/PDFs/jll-living-capital-markets-bulletin-q42019-180290.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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Q4 UK Living Capital Markets Update

Our UK Living Capital Markets update identifies market trends, analyses market activity in Q4 2019 and explores the impact of significant policy changes across the Living spectrum.

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<p>The Prime Central London sales market picked up at the end of 2019 as the General Election result injected positivity and a more certain outlook. Looking forward, the rise in turnover witnessed in Q4 should follow into Q1, with a stronger rally in transactions
    as more buyers and sellers return to a more liberated market. </p><p>The Prime Central London lettings market is facing an acute shortage of properties to let, which has led to the highest rate of annual rental growth for over seven years. 2020 could be a year of mixed fortunes for the lettings market. Greater political
    certainty is likely to bolster rental demand. Nevertheless, the improved performance of the sales market may draw away some lettings demand.</p><p>Want the full picture on Prime Central London&rsquo;s sales and lettings markets? Download the report here for a look at what happened in Q4 and what&rsquo;s to come:
     </p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1579100200/resi/gb/cms/Research/PDFs/JLL_PrimeCentralLondon_Jan2020.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
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Prime Central London – January 2020

Our latest research explores the performance of the Prime Central London sales and lettings markets in Q4 in 2019, in addition to what the future holds in 2020.

Our latest research suggests that 2020 will be a year of recovery for the Prime Central London sales market.&nbsp;

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<p>The uncertainty hanging over the UK economy since the 2016 EU Referendum should now gradually subside following the Conservatives&rsquo; majority win in the General Election.</p><p>With a parliamentary majority, the Prime Minister&rsquo;s deal with the EU is expected to pass and the Article 50 process will end on the 31<sup>st</sup> January 2020. The nature of the future relationship between the UK and EU will be a key feature of
    2020 but there will at least be a greater degree of certainty for business. </p><p>The pound has shown signs of strengthening following the election result, while the economic fundamentals such as employment and real wage growth will help to underpin confidence. The greater certainty in the outlook &ndash; for households, businesses
    and housebuilders &ndash; should in turn lead to notable increases in house prices, housing transactions and housing starts across all regions of the UK. There is also expected to be an uptick in investment activity in the student and multifamily
    sectors.
</p><p>Against this political backdrop JLL has identified the fundamental certainties which will shape housing delivery in the coming years. These certainties sit alongside our <a href="https://residential.jll.co.uk/insights/research/uk-residential-forecasts-2020">positive housing market forecasts</a> for the next five years.<u> </u></p><ol><li>Housing will remain a key item on the political agenda:
        <ul><li>The focus will remain on supporting first time buyers. Help to Buy will remain in place until at least 2023.</li><li>Pressure will continue to deliver more Affordable Housing with 1.1m people on the current social housing waiting list.</li><li>Parents are having children later in life which is delaying the desire to purchase family-sized homes and supporting the growth of renting,</li><li>People are living longer creating the need to deliver more elderly-appropriate housing &ndash; some 25% of the UK population will be over 65 by 2030.</li><li>There will be an additional 2.5m people living in UK&rsquo;s urban areas by 2024,</li><li>The need to densify housing and provide flexible and shared living spaces is fuelling the rise of alternative sectors such as coliving.</li><li>London is ranked by JLL&rsquo;s Cities Research team among the seven established world cities,</li><li>The UK Capital is particularly strong for its growth in digital sectors and its ability to nurture talent &ndash; there are more high-ranking universities in London than any other city in the world.</li><li>25% of Britons no have multiple smart devices in their home. </li><li>The thirst for technology will continue to grow meaning homes will continue to accommodate ever more automated devices.</li></ul></li><li>Fundamental population changes will occur:</li><li>Towns and cities will see the highest housing demand:</li><li>London will remain at the world&rsquo;s top table:</li><li>There will be ever more connection between living and technology</li><li>Climate and social awareness will continue to accelerate:</li><ul><li style="margin-left:60px;">All new homes will need to be Net Zero Carbon by 2030</li></ul></ol><p>&nbsp;</p><p>Developers will adapt housing delivery to meeting growing demands around economic, environmental and social impact.&nbsp;</p>

General Election 2019 – JLL Living reaction

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Commenting on the large majority win for the Conservative Party, Nick Whitten, UK Director of Research at JLL

Commenting on the large majority win for the Conservative Party, Nick Whitten, Head of UK Living Research &amp; Strategy at JLL, says:&nbsp;

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1576507618/resi/gb/cms/Blogs/Photos/General_Election_2019_JLL_Living_reaction-2.png

<p>Coliving is fast becoming a key component of the wider suite of housing solutions designed to meet the changing needs of urban populations, but what is it and what is the scale of demand across Europe?</p><p>While the estimated 23,150 coliving beds (built or in the development pipeline) represent a fraction of the size of other Living sectors, the speed in which this new sector has grown in the last two years indicates that it will become a prominent part
    of the Living market.</p><p>Our JLL European coliving index explores the size of the coliving market and identifies the top 40 markets across Europe that either already have a strong coliving presence or present longer-term opportunities.</p><div style="margin:15px;"><a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1575019172/resi/gb/cms/Research/PDFs/jll-european-coliving-index-2019.pdf" target="_blank"><button class="Button primary">Download Report</button></a>
</div>

JLL European Coliving Index 2019

This report explores the opportunities within the coliving market across Europe and provides insight into the key factors driving demand in this sector.

European Coliving Index 2019

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1574781382/resi/gb/cms/Research/Images/Coliving_2.png

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General Enquiry

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