Following the September meeting, the Monetary Policy Committee held the UK Bank Rate at 3.75 per cent, with the number of doves remaining at six and the hawks (favouring tighter economic policy and higher rates) at three. Despite the position remaining
 the same as at their last meeting, expectations of a rate hike, fuelled by comments from the Governor Andrew Bailey that &ldquo;policy may have to tighten&rdquo;, mean focus has now shifted to the next meeting (post-Budget) on 5th November. This all
 appears to leave the Bank of England as the outlier. But it is important to remember that the UK went into this at a different point in the rate-cutting cycle, with the differential between the UK and ECB rates widening since mid-2024 as they cut
 rates earlier.<img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1790070596/resi/gb/cms/News/Images/Slide1-_Residential_Roundup_-_18_September.png" />Source: Bank of England
<h2>Economy</h2>
High oil and energy costs (both a global, not just local, issue) are feeding into higher inflation. The latest CPI figures show the annual rate rising from 2.9 per cent to 3.1 per cent. This wasn&rsquo;t a surprise for economists, but with inflation expected
 to exceed 4 per cent by early 2027, double the Bank&rsquo;s 2 per cent target, it cannot be as easily dismissed as the blip some had hoped for. 
As a result, swaps and mortgage rates remain elevated. Moneyfacts figures show average rates on two-year fixes at 5.77 per cent, the highest since May, and five-year fixed rates reaching 5.83 per cent, a level not seen since November 2023.
But another announcement from the Bank of England, this time in relation to gilts, is more welcome. The announcement that the Bank will pause all bond sales for six months or more and hold onto some of its longest-dated gilts was welcomed by the markets.
 As a result, 30-year gilt yields fell 0.12 percentage points to reach 5.74 per cent, marking the best day for markets since May and some much-needed relief from higher borrowing costs 
<h2>Housing market</h2>
Rents rose nationally by 3.8 per cent in the 12 months to August, the highest annual increase so far this year. All regional markets except the South East saw rents rise at rates above-inflation, with the North East and North West both recording the highest
 annual increase at 5.8 per cent. In the sales market, just two regions (North East and North West) saw above inflation increases, nationally, prices rose 1.4 per cent, with London and the South West both seeing price falls of -3.3 per cent and -0.2
 per cent respectively.<img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1790070596/resi/gb/cms/News/Images/Slide2-Residential_Roundup_-_18_September.png" />Source: JLL Research using HomeLet, ONS, Bank of England &ndash; assumes two-year fix at 75% LTV
<h2>Rent or buy?</h2>
Higher mortgage costs mean that in pricier markets the difference in cost between buying and renting a home is increasing. In London, where almost a third of homes are rented privately, it would cost on average 9 per cent more to buy a home rather than
 rent, based on average values. This compares with the period pre-2022 when buying a home with a 75 per cent loan-to-value mortgage was broadly the same cost. While some buyers could in theory bridge the monthly cost gap to buy a home, the ability
 to save a deposit remains a significant barrier. The average deposit for those looking to put down 25 per cent would be almost &pound;139,000, the equivalent of saving more than five years&rsquo; rent. Even at a 10 per cent deposit, prospective buyers
 would need to save the equivalent of two years&rsquo; rent. 
<h2>Housebuilding</h2>
Barratt Redrow, the UK&rsquo;s largest residential developer, has trimmed its annual completion target to 17,500&ndash;17,900 homes, down from earlier guidance of 17,700&ndash;18,200. This follows an improvement in housing delivery in the year to June,
 with 17,667 homes delivered, up 5 per cent on the previous 12-month period. Chief Executive David Thomas pointed to resource-strapped local authorities as one of the reasons behind their expectations of a reduction in output over the coming year,
 with site opening delays limiting the group to around 405 active developments this year. 
The financials painted a mixed picture. Statutory pre-tax profit jumped 48 per cent to &pound;363.5m, but adjusted profit slipped 7 per cent to &pound;572.8m as construction costs climbed and house prices edged down roughly 1 per cent. Still, the adjusted
 profit figure beat analyst expectations, sending shares up 11.7 per cent.
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property

The Residential Roundup - 18 September

uae-residential-market-demonstrates-resilience-in-q1-2026

The Bank of Japan has raised interest rates to 1.25 per cent, a 31-year high. This follows similar moves from the Federal Reserve, which increased rates this week for the first time in more than three years, rising to 3.75 per cent to 4 per cent.

The Bank of Japan has raised interest rates to 1.25 per cent, a 31-year high. This follows similar moves from the Federal Reserve, which increased rates this week for the first time in more than three years, rising to 3.75 per cent to 4 per cent. The European Central Bank is in a hawkish mood too, increasing rates by 25 basis points at their September meeting, the second rate rise since June.

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1790070437/resi/gb/cms/News/Images/Residential_Roundup_-_18_September.jpg

The UAE residential market experienced notable recalibration during Q2 2026, with both sales prices and rental rates moderating from elevated levels. Dubai's total sales value reached AED 87.9 billion, though transaction volumes declined 28.6% year-on-year
 as regional uncertainty affected buyer sentiment.
Government intervention defined the quarter, with Abu Dhabi freezing rental increases and Dubai launching the Flexi Rent initiative to improve affordability through flexible payment terms. These coordinated policy measures signal a fundamental shift toward
 enhanced tenant protection and market stability.
With approximately 40,000 units scheduled for delivery in H2 2026, developers are increasingly partnering with international brands to differentiate their offerings amid rising competition. Abu Dhabi showed greater resilience with new rental registrations
 up 9.9% in H1 2026, while quarter-on-quarter trends indicate softening momentum across both emirates as cooling demand and expanding supply continue to reshape the market landscape.
For detailed market analysis and insights, <a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1789547237/resi/gb/cms/News/PDFs/UAE_Living_Market_Dynamics_-_Q2_2026.pdf" target="_blank">download the full Q2 2026 UAE Living Market Dynamics report.</a>

UAE Residential Market Recalibrates in Q2 2026

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1789553980/resi/gb/cms/News/Images/uae-residential-market-recalibrates-in-q2-2026.jpg

The UAE residential market demonstrated relative resilience during Q1 2026 despite regional conflict impacting transaction activity from late March. Dubai's total sales value reached AED 137.3 billion, with transaction volumes up 3.9% year-on-year, though
 weekly transaction values declined nearly 50% at the conflict's peak compared to pre-conflict averages.
Sales prices continued growing but at a decelerating pace, with Dubai's average prices increasing 9.0% annually, moderating from previous 16-19% appreciation rates. Abu Dhabi's off-plan market drove transaction volumes to more than double year-on-year,
 supported by new project launches, while rental rates showed strong momentum with apartments up 14.3% and townhouses rising 17.8%.
With approximately 59,000 units under construction scheduled for delivery in 2026, the conflict heightened risks to supply-demand equilibrium. Developers began offering incentives including cash discounts, flexible payment plans, and waived fees to maintain
 sales momentum, though these remained constrained to specific segments. The off-plan market showed relative resilience compared to the secondary market, which experienced sharper declines as uncertainty challenged buyer sentiment in certain segments.
For detailed market analysis and insights, <a href="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1789547237/resi/gb/cms/News/PDFs/UAE_Living_Market_Dynamics_-_Q1_2026.pdf" target="_blank">download the full Q1 2026 UAE Living Market Dynamics report.</a>

UAE Residential Market Demonstrates Resilience in Q1 2026

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1789544373/resi/gb/cms/News/Images/uae-residential-market-demonstrates-resilience-in-q1-2026.jpg

As a result, we&rsquo;ve seen further hikes in government bond yields, with UK gilts rising to their highest level since the financial crisis in 2008 or in some cases even longer. 30-year gilts hit 5.89 per cent earlier this week, their highest since
 1998, with 10-year gilts at 5.25 per cent.
This won&rsquo;t be a welcome return to work for Andy Burnham or his new Chancellor, with estimates suggesting higher bond yields could wipe more than &pound;10bn from John Healey&rsquo;s fiscal headroom in advance of the next Budget on 28 October. And
 with the Office for Budget Responsibility running its usual calculations in the run-up, even if conditions improve it&rsquo;s likely that these will feed into their forecast. Meaning the government will be expected to spend more servicing debt.

There are likely some new leadership wobbles impacting here too, but this is far from a UK specific issue. Indeed, the UK economy has been more resilient than many had expected earlier in the year. Back in January the consensus forecast for UK GDP was
 for growth of 1 per cent in 2026. Following heightened geopolitical uncertainty this dropped back to 0.6 per cent in the Spring, but expectations have returned to January&rsquo;s 1 per cent figure in the latest August consensus numbers. Inflation
 expectations remain higher than they were back in January, but despite recent increases inflation is expected to top out below some of the higher forecasts we&rsquo;ve seen in recent months.<img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1789449805/resi/gb/cms/News/Images/Slide1.png" />
<h2>House prices </h2>
Mortgage approvals dropped back in July, with 15 per cent fewer approvals for house purchase than in the same month a year earlier. An assortment of housing stats released over the summer have pointed to what remains a broadly flat market.
The Nationwide House Price Index, the first to report August figures, shows prices were 1.6 per cent higher than they were a year ago. This is a slightly rosier picture than that portrayed by the Lloyds Index (formerly the Halifax House Price Index) which
 puts prices just 0.1 per cent higher than July 2025 (we&rsquo;ll need to wait until Monday for their August number). Most markets have seen marginal price increases, but price growth has remained broadly below inflation. This means that affordability
 continues to improve, at least when viewed on a house price-to-income ratio basis. Nationwide figures show inflation adjusted house prices are 18 per cent lower than they were in Q1 2022 (non-inflation adjusted they are 7 per cent higher) with the
 house price to household income ratio nationally at its lowest since 2014 at 5.6X income. But higher mortgage rates continue to erode the benefits of the increase in spending power.
<h2>Mortgage markets</h2>
Higher bond yields and sticky inflation have impacted swap rates, meaning average fixed rates have crept up in recent months, all at a time when we&rsquo;d been hoping for some respite. Those shopping for a two-year fix are currently paying an average
 of 5.5 per cent according to Moneyfacts, with best-buy rates circa 4.5. This means that homeowners are having to pay more each month to borrow the same amount or if they keep their outgoings the same are forced to borrow less.
If we take an average priced London home, currently &pound;554,000 according to the Land Registry, those purchasing at 75 per cent loan to value over 25-years would be paying just over &pound;2,550 per month for a repayment mortgage at 5.5 per cent. This
 is almost &pound;3,000 a year more than those who managed to secure a 4.5 per cent fix, and almost &pound;6,000 a year higher than if rates were at 3.5 per cent&mdash;the level best-buys hit back in early February.
Or to keep repayments at the &pound;2,000 a month paid at 3.5 per cent buyers paying 4.5 per cent would be borrowing &pound;40,000 less and at 5.5 per cent their borrowing power would be reduced by &pound;76,000.<img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1789449807/resi/gb/cms/News/Images/Slide2.png" />
<h2>Rental Market</h2>
A cautious sales market continues to benefit lettings. July figures from HomeLet show rents rose 4.3 per cent nationally in the last 12 months, with rents in London rising 6 per cent over the same period.
Respondents to the latest RICS survey reported an increase in new tenant enquiries for the seventh consecutive month. Meanwhile, landlord instructions remained down, with a net balance of -22 per cent reporting a fall&mdash;the last time more respondents
 reported an increase was back in March 2022.
<h2>Checking our homework</h2>
With English schools heading back this week it's a good opportunity to check our view on 2026. We reforecast house prices and rents back in May, downgrading our short-term outlook for prices and increasing our rental expectations for 2026. 
Using the latest government figures shows average prices are currently 1.2 per cent higher nationally in June than they were in December. We&rsquo;re forecasting the year to end broadly flat (down 0.5 per cent), which would mean a fall in prices of 1.7
 per cent in H2. In London we&rsquo;re expecting prices to fall 2.5 per cent this year. Current annual falls sit at that level, but prices have risen marginally since December, meaning to end the year at 2.5 per cent down we&rsquo;d need a 3.3 per
 cent reduction in prices in H2.
Average rents (for both new lets and existing tenancies from the ONS Private Rents Index) are up 1.9 per cent since December and 3.7 per cent annually. We're forecasting 3.5 per cent for 2026, meaning we'll need a further 1.6 per cent (or &pound;22) increase
 to rents to hit our December forecast. In London we're forecasting 3 per cent this year, rents rose 2.2 per cent to December to July (up 3 per cent annually) meaning just a further 0.8 per cent needed between now and December. Not far off for the
 UK but a bit light for London? We'll need to wait and see. 
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing.
Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property

Residential Roundup - 4 September

thumbnail

jll-the-ksa-real-estate-market-q1-2023-social-1200X628

With so many returning from their summer break we had hoped to share some more positive news on rates. It’s not all negative, but elevated fuel and energy costs continue to keep the market guessing on inflation, both domestically and overseas. 

With so many returning from their summer break we had hoped to share some more positive news on rates. It&rsquo;s not all negative, but elevated fuel and energy costs continue to keep the market guessing on inflation, both domestically and overseas.&nbsp;

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1788871751/resi/gb/cms/News/Images/res-roundup-sep-4.jpg

Big Six Residential Development Report - Summer 2026

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1787556508/resi/gb/cms/News/Images/big-six-residential-development.jpg

UKREiiF reflections: Morgan Skillen shares her thoughts on sector challenges and opportunities from a Next Generation perspective
Morgan Skillen, Surveyor - Housing Consultancy at JLL
This year marked my first time attending UKREiiF &ndash; The UK&rsquo;s Real Estate Investment and Infrastructure Forum, a multi-day conference that&rsquo;s essentially the Glastonbury of the real estate world. All the big names were lined up to headline
 and everyone and their neighbour was attending.
Heading up to Leeds last week, I was a little apprehensive as to what the event would be like. In a male-dominated industry with only 20% of RICS members being female and the number dropping significantly further as you move to RICS fellow level, I considered
 whether there would be many &ldquo;only woman in the room&rdquo; moments. However, I was pleasantly surprised by the diversity across the panels I attended and the wider delegate base. That said, upon arrival, there was still a sea of navy suits and
 gilets along Armouries Way! 
<h2>A market under pressure</h2>
One key takeaway from UKREiiF is that the real estate market is facing pressure from all angles - no surprise there, right? The challenges across each sector were widely discussed, with common themes emerging around viability constraints, lack of funding,
 and the need for private-public partnerships.
As a surveyor, specialising in Affordable Housing, I&rsquo;ve always taken a keen interest in the living sector, which is why I found Bevan Brittan&rsquo;s breakfast event on &lsquo;The Future of the Living Sector&rsquo; incredibly thought-provoking.
It moved beyond the current macroeconomic environment we are all very well versed in and focused on the operational challenges arising from the Renters Reform Act 2026. &nbsp;Discussions also explored whether we are shifting to a predominantly renting
 society and how viability challenges are in turn, putting an affordability strain on the middle-market homeowners and renters.&nbsp; These themes were echoed across the conference, along with discussion on how to overcome the wider challenges faced
 by the housing market. 
One of the primary discussion points was investment and funding. At a panel on &lsquo;Unlocking affordable homes to power growth in the south west&rsquo;, Selina White, CEO of Manna Housing, shared a compelling statistic for further investment
 into affordable housing: &ldquo;For every &pound;1 invested in affordable housing, c.&pound;3 is generated for the local economy.&rdquo; This is driven by the construction phase but continues as new residents bring more local spending into the economy.
 Interest in entering the affordable housing market has increased, with more investors looking at the market. However, patient capital willing to take a long-term view is essential to help with the delivery of more affordable homes.
The collective view from UKREiiF was clear: investment and public-private partnerships are not just beneficial but essential to addressing the housing crisis but these are not without challenges. However, most affordable homes will still likely be delivered
 by not-for-profit Registered Providers via direct delivery/Section 106. In the midst of all the discussions on the challenges facing the market, there was an air of positivity noting that the residential market is resilient and people are optimistic
 that there are routes forward to be found. 
<h2>A Next Generation perspective</h2>
I was invited to attend UKREiiF, as part of the Next Generation contingent. This is targeted at young professionals early in their real estate careers. I am 26 years old, and have been with JLL for almost 4 years, starting out on their graduate scheme,
 before becoming a permanent member of the Affordable Housing Consultancy team.
As referenced above, this was my first large-scale conference, and I was slightly unsure what to expect. Attending an event with many senior and influential people, is a little daunting to say the least. In the build-up to the event, I started to get
 that &ldquo;first day of school&rdquo; feeling and was hoping that the big kids would be nice to me! What I experienced was the best outcome that could be hoped for; there was no difference in treatment between me, a young, female, first-time conference
 attendee, and more senior people in the sector. I was actively involved in conversations, my questions in seminars were engaged with and my thoughts were heard.
During UKREiiF, I had a few insightful conversations with several senior people, two common threads emerged in their careers: confidence and sponsorship &ndash; the impact of having a senior person believe in them, encourage them to seize opportunities,
 and on occasion, actively create opportunities for them. 
This is something I've benefited from personally at JLL, and I am committed to paying it forward. I hope to see more of this across the industry, particularly from senior leaders supporting up-and-coming professionals in their company and sectors.
My key takeaways from UKREiiF on a personal level, which I will carry with me into future conferences and advice I will share with other first-time conferences goers is, to absorb the atmosphere, learning everything you can but also to back yourself.
 Have the confidence to ask the questions, engage in conversations and share your thoughts when you have a perspective.
&nbsp;

UKREiiF reflections: Morgan Skillen

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1780315671/resi/gb/cms/News/Images/banner-ukreiif-reflections-morgan-skillen.jpg

Fixing London’s New Homes Market

Our Q2 2026 London New Homes Report is here. Download now for the latest market intelligence and expert insights on London's housing sector.

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1780064303/resi/gb/Articles/New-Homes-Roundup.jpg

We had expected 2026 to usher in a new phase of the housing cycle, with higher price growth in more affordable markets in recent years giving way to stronger performance in more expensive southern regions as mortgage rates improved in the second half of the year. Early-year expectations included two further base rate cuts, and by early February best-buy mortgage rates had reached 3.5%. The delay between listing and exchange&mdash;currently averaging 200 days&mdash;would mean improvements would take time to feed through to house price indices, but we were confident that prices would rise across most UK markets this year.
That changed at the end of February, with the impact of the ongoing conflict in the Middle East having a significant impact on sentiment, debt costs and the outlook for many global economies, including the UK. Forecasters have downgraded their UK GDP
 projections accordingly, with the IMF now expecting growth of 0.8% this year compared to their previous forecast of 1.3%.
While swap rates&mdash;used as a proxy to set fixed-rate mortgages&mdash;have settled somewhat and more competitive rates have entered the market, we now think it unlikely that we will see the lower rates and improvements in market sentiment we'll need
 to support our November view on prices and rents this year.
<h2>House price forecast</h2>
We now expect house prices to remain broadly flat nationally in 2026, with prices forecast to end the year down 0.5%, compared with our previous +2% forecast.
Some more affordable markets should end the year in positive territory, but we expect growth will be lower than inflation across all UK regions this year.
London, where prices have fallen by an average of 3.3% in the year to February according to the Office for National Statistics, is now forecast to end the year down 2.5%, against our previous forecast of +1%. For central London is it sentiment rather
 than rates which will likely have a greater impact.
Our JLL Prime Central London Index (based on agent valuations and excluding new homes) saw values fall 2.2% in Q1 compared with Q4 with prices down 8.7% year on year in March. Similarly, transaction-based indices from LonRes are showing prices in the
 three months to April 2026 9.1% lower than the same period in 2025.
Our previous forecasts expected prices in central London would begin to recover in the latter part of the year, with values forecast to end the year flat (effectively H1 falls being cancelled out by H2 gains). However, we now expect that the improvements
 in market conditions needed to support growth in prices (remember we'd need to see growth of 2.2% for our PCL Index to end the year flat) are unlikely to materialise this year. We are therefore forecasting prices will fall 5.5% in 2026.
<iframe src="https://flo.uri.sh/visualisation/29074192/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
 <h2>Rental forecast</h2>
 With fewer tenants expected to move into owner-occupation and inflation now forecast to end the year higher, we have upgraded our 2026 forecast, with rents now expected to rise 3.5% nationally, up from the 2.5% forecast in November. We anticipate
 higher rental growth in London too, with rents forecast to increase 3% this year.
 Challenges around rental affordability will likely constrain the prospects for more significant rental growth over the five-year period. Over the longer term, we continue to expect pressure on landlords to comply with EPC C standards by 2030 will
 fuel rental growth towards the latter part of our five-year forecast period, as properties are removed from the market either for sale or improvement.<iframe src="https://flo.uri.sh/visualisation/29071331/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
 Rental growth in the five years to 2030 is now expected to total 16.5% nationally and 17.1% in London, a one to two percentage point increase compared with our previous forecast.
 <h2>JLL's Residential and Living team</h2>
 JLL's Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
 Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as
 to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any
 means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right
 to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property

Residential Forecasts 2026-2030

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1779362241/residential-forecasts-2026-2030_qco1q0.jpg

The Monetary Policy Committee voted at eight votes to one to hold rates at 3.75 per cent on 30 April. This follows a similar hold stance from the Fed and the ECB this week. The Bank acknowledged that the energy price shock and continued geo-political uncertainty will mean energy prices and inflation will remain higher than they expected a few months back. But the decision to move rates essentially hinged on which of three scenarios the committee thought most likely over the next two years.
In Scenario A inflation rises to 3.6 per cent by the end of 2026, wages rise a little but fall back to 3 per cent by late 2027 as labour market conditions weaken. As a result, second round effects &ndash; essentially higher inflation meaning workers ask
 employers for (and get) more significant wage increases &ndash; are reduced, as a weaker jobs market limits the need to increase wages. 
In Scenario B inflation follows a similar path, second round effects are still modest, but wage growth is more persistent, hitting 3.5 per cent in Q1 2027, declining gradually over the year. In Scenario C inflation peaks at more than 6 per cent in Q1
 2027. This triggers more significant second round effect, with wages rising and inflation remaining elevated. Following the MPC meeting most members appeared to be leaning towards Scenario B.
But there was some positive news for borrowers as even pre-MPC several larger lenders reduced their fixed rate deals as swap rates (the benchmark lenders use to price fixed-rate mortgages) stabilised after a volatile few months. Barclays re-introducing
 a sub-4 per cent two-year fix for the first time since March (albeit only for their Premier customers) with HSBC and NatWest also announcing lower rates from 30 April.<iframe src="https://flo.uri.sh/story/3684258/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
<h2>&nbsp;</h2>
<h2>Renters&rsquo; Rights</h2>
The first phase of the Renters&rsquo; Rights Act came into force on 1 May. Landlords who already have a written tenancy agreement in place do not need to change it or issue a new one. Instead, they will be required to provide tenants with a copy of the
 government &lsquo;Information Sheet&rsquo; on or before 31 May 2026 <a href="https://www.gov.uk/government/publications/the-renters-rights-act-information-sheet-2026#full-publication-update-history" target="_blank">Click here to access the Renters' Rights Act Information Sheet.</a> For new tenants landlords will need to provide a written tenancy agreement from 1 May.
Changes introduced on 1 May include:
Assured Periodic Tenancies introduced&ndash; Section 21 no fault evictions are now abolished, and most new and existing tenancies becoming Assured Periodic Tenancies. Tenants will be able to stay in their property for as long as they want, or until a
 landlord serves a valid section 8 notice. Tenants can end their tenancy by giving two months&rsquo; notice. Landlords retain access to specific grounds for possession when they have legitimate reasons to reclaim their property. These include persistent
 rent arrears, anti-social behaviour, or a genuine need to sell or move back in. Rent increases &ndash; limited to one a year, with landlords being required to follow a revised section 13 procedure. Notice of rent increases must be given at least two
 months before it is due to take effect. All rent increases can be challenged by tenants at the Property Tribunal. Rent in advance and bids &ndash; Properties must be advertised at a specific asking rent and offers above this amount cannot legally
 be accepted. Landlords or their agents can no longer request more than one month&rsquo;s rent in advance. Pet policies - Tenants have strengthened rights to request pets, which must be considered within 28 days. Landlords must provide a valid reason
 to refuse. Anti-discrimination policies &ndash; It is now illegal to discriminate against tenants with children or those receiving benefits. Landlords and letting agents cannot take any action to discourage or prevent these groups from renting, including
 hiding property information, refusing viewings, or denying tenancies based on having children or receiving benefits.
&nbsp;<iframe src="https://flo.uri.sh/visualisation/28989951/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
&nbsp;
If you have any questions or would like to discuss the implications of the Renters&rsquo; Rights Act as a tenant or landlord, please <a href="https://residential.jll.co.uk/#contact-us">contact us.</a>
<h2> Prime Central London</h2>
Prime Central London sales hit their lowest Q1 level since 2020 last quarter, with volumes down 24 per cent year-on-year as global uncertainty dampened buyer confidence. The JLL PCL index shows prices fell 2.2 per cent quarterly and 8.7 per cent annually,
 with properties under &pound;2 million hit hardest &ndash; down 9.8 per cent year-on-year as mortgage-reliant buyers feel the pinch of higher borrowing costs.
The rental market proved more resilient, with lettings up 13 per cent year-on-year as cautious buyers adopt a 'wait and see' approach. Increased stock levels &ndash; up 29 per cent &ndash; have kept rental growth flat, but the gap between asking and achieved
 rents for premium properties narrowed, suggesting competitive conditions at the top end.
Five sales over &pound;50 million this year alone (versus one in all of 2025) show the ultra-prime segment remains active. Higher stock levels across sales and lettings will likely moderate prices near-term, though strong letting activity suggests PCL's
 fundamental appeal endures. <a href="https://residential.jll.co.uk/insights/research/jll-pcl-report-q1-2026">Click here</a> to read our latest Q1 PCL report.<iframe src="https://flo.uri.sh/visualisation/28990096/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
&nbsp;
<h2>Student housing leads with record Q1</h2>
Student housing investment topped &pound;2.2bn in Q1 &ndash; the fifth-highest quarterly total on record and a rare bright spot in an otherwise subdued start to the year for UK Living. Close to a third came from Unite's acquisition of Empiric Student
 Property, which completed in January. Student accounted for 60 per cent of the &pound;3.7bn invested in UK Living in Q1 2026, significantly above the typical 35 per cent.
Build to Rent (BTR) had a quieter quarter, though the sale of Ebb &amp; Flow in Reading became the UK's largest ever operational asset transaction. Pension Insurance Corporation paid &pound;200m for the 598-bed scheme &ndash; surpassing Greystar's Barking
 Wharf purchase as the biggest single asset deal on record.
However, it was the only major multifamily transaction, pushing total BTR volumes to &pound;736m &ndash; the lowest Q1 figure since 2017. Multifamily investment fell to &pound;257m, though single family performed better at &pound;479m, boosted by Kennedy
 Wilson and Canada Pension Plan Investment Board's &pound;300m expansion. Click the link to read more in our latest <a href="https://www.jll.com/en-uk/insights/uk-living-roundup-series">UK Living Roundup April 2026.</a>
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property

The Residential Roundup - 1 May

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1778517604/resi/gb/cms/News/Images/residential-roundup-1-may.jpg

Welcome news of a two-week ceasefire in the Middle East has seen markets react favourably. Brent crude prices dropped to below $100 a barrel and shares in several UK and US property REITs have rallied. The outlook for the Bank Rate has also shifted, with markets now expecting a more cautious approach to rate hikes from the Bank of England this year. Forecasters, who had been predicting up to three 25bps increases in 2026 are pulling back and now expecting one. Swap rates at time of writing have also dropped, a positive sign for the fixed rate mortgage market. 
But even if, as hoped, the ceasefire holds, much of the damage done to global supply chain and energy costs will take some time to unravel, with a similar impact on mortgage rates. All of which means any significant rebound in activity in the housing market may well take time to feed through. 
Uncertainty hangs over the housing market
A series of decidedly glum indicators have been released over the last week, highlighting the impact of geopolitical unrest on the UK housing market. First up Halifax, whose house price index suggested prices dipped 0.5 per cent in March compared with
 February, meaning prices were just 0.8 per cent higher than they were a year ago. 
This was followed by the latest RICS survey, the first to fully cover the impact of Middle East conflict, which showed a drop in activity and appetite in the sales market. Needs based buyers were still looking to transact, and those with pre-March mortgage
 deals locked in were still active, but the discretionary market looked like it retreated again last month. 
New buyer enquiries fell sharply, with the net balance declining to -39 per cent from -29 per cent in February&mdash;the weakest reading since August 2023. Agreed sales followed suit, dropping from -13 per cent to -34 per cent, also the lowest since summer
 2023. Near-term sales expectations turned markedly pessimistic at -33 per cent (from -4 per cent), whilst twelve-month outlook sentiment weakened to -1 per cent. New instructions registered a net balance of -6 per cent, indicating a marginally slower
 flow of listings. Unsold stock on agents' books rose to an average of 47 properties, up from 45 at the start of the year.
On pricing, near-term expectations dropped to -43 per cent from -19 per cent in the previous month indicating accelerating downward pressure anticipated over the next three months. The twelve-month outlook sits at +2 per cent, suggesting a broadly flat
 trend&mdash; but is down sharply from +43 per cent in January.
But while caution reigned in the sales market, tenant demand rose (+10 per cent net balance in March) alongside a continued drop in landlord instructions (remaining firmly negative at -25 per cent). Expectations for rental growth strengthened to +29 per
 cent, with agents citing persistent supply-demand imbalances and expectations that the uncertain outlook in the sales market could benefit the rental market.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776635385/resi/gb/Articles/Images/Roundup-Apr10-Chart1.jpg" />
Construction activity remains muted
Geopolitical uncertainty also weighed heavily on the latest construction PMIs. The UK construction sector's woes deepened in March 2026, with house building bearing the brunt of the downturn, compounded by a wet first quarter that made construction even
 more challenging. Residential activity recorded the sharpest decline across all construction categories, with the index falling to 38.2&mdash;well below both commercial construction (47.1) and civil engineering (44.8). Remember, a score below 50 signals
 a contraction in activity. This marks the fifteenth consecutive month that the sector has contracted, driven by falling client confidence and a dearth of new project starts.
What's particularly concerning for housebuilders is the acceleration and unpredictability of build costs. Input price inflation surged to its highest level since November 2022, with nearly half of all construction firms reporting rising cost burdens.
 The outbreak of war in the Middle East has disrupted supply chains, pushing up fuel, transportation and raw material costs. International shipping delays meant that supplier delivery times rose for the first time since last summer, adding further
 pressure to already squeezed margins.
Falling short
The latest estimated net additions figures highlight the need for further incentives to develop. Government figures suggest 191,300 homes were completed in England between 1 April 2025 and 15 March this year. This was 17,300 short of the previous 12-month
 total. Comparing estimates on net additions with housing needs targets shows the clear need for further intervention, with net additions (the most generous measure of housing delivery) 48 per cent shy of the 370,000 annual housing need across England.&nbsp;
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776635385/resi/gb/Articles/Images/Roundup-Apr10-Chart2.jpg" />
Housing Bank to the rescue? 
With a 180,000-home supply shortfall, debt more expensive, and viability more challenged, the launch of the National Housing Bank could not have come at a more important time. The National Housing Bank (NHB) is part of a raft of Homes England and GLA
 initiatives to promote further activity in the housing market, effectively aiming to alleviate some of the debt-based challenges faced by those delivering homes. 
The scheme was launched with much fanfare, with a &pound;100m JV with Aviva championed as an example of how the schemes could turbocharge activity. The NHB has &pound;16 billion of debt, equity and guarantees aiming to assist in the delivery of half a
 million new homes. The bank also needs buy-in from the private sector, with an investment prospectus published to attract more than &pound;50 billion of private capital. Announced in the 2025 Spending Review, the Bank is a wholly government-owned
 subsidiary of Homes England. Its mission is to drive housing delivery and create communities, with returns only covering the cost of government borrowing. The Bank will work alongside Homes England as an independent subsidiary to provide tailored
 support packages.
The NHB is open to different providers from large housebuilders to SMEs. Crucially it is not limited to those operators providing affordable or build-for-sale homes, with build-to-rent and later living also able to access funds. From 1 April 2026, the
 NHB offers seven debt products:
1-SME accelerator loans - providing site-specific lending enabling smaller developers to establish track records and scale operations. Targeted at supporting firms currently delivering up to 250 homes a year but looking to grow their
 output. 
2-Revolving credit facilities - working with commercial lenders to provide multi-site facilities and land loans, again targeted at helping SME developers expand capacity.
3-Senior and mezzanine loans &ndash; targeted at mid-size developers with project-level funding, particularly for build-to-rent, later living and brownfield regeneration. Funding will sit alongside private capital to bring forward stalled
 projects.

4-Corporate balance sheet lending - supports housebuilders directly and sits alongside commercial lending, a key focus is supporting those specialising in Modern Methods of Construction.
5-Lending alliances - creating platforms leveraging private sector capital to broaden the Bank's reach and scale debt finance availability to SME housebuilders.
6-Infrastructure loans - long-term funding up to 15 years to large housebuilders and master developers for upfront infrastructure needs ranging from roads to placemaking.
7-Low interest loans for RPs - offers below-market interest rates to Registered Providers to unlock social and affordable housing investment, addressing pressures from increased debt costs and rising capital expenditure demands.
Partners are urged to reach out to their regional Homes England teams with specific sites or potential opportunities. With more information on the National Housing Bank available <a href="https://www.gov.uk/government/publications/homes-england-and-national-housing-bank-investment-prospectus-2026/homes-england-and-national-housing-bank-investment-prospectus-2026-html#fnref:1">here.</a> 
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as
 to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any
 means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right
 to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property

Residential Roundup - 10 April

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1776635412/resi/gb/Articles/Images/Roundup-Apr10-Hero.jpg

All nine members of the Monetary Policy Committee unanimously voted to hold rates at 3.75 per cent at the March meeting. This came as little surprise considering the many unknowns around the length and impact of the conflict in the Middle East. Just a few weeks back, following the February meeting the odds on a rate cut topped 80 per cent, with observers hinting at further downward movements in the coming months. Obviously much has changed since then.
But with odds on a reduction in the Bank Rate falling from near certainty to less than 10 per cent in the run-up, market attention shifted to what committee members were saying rather than the decision itself. Some thought (or hoped) the committee would
 choose to &lsquo;look through&rsquo; energy cost driven inflation risk and concentrate on the ongoing weakness in the employment market. But the Bank&rsquo;s key focus &ndash; keeping inflation in check rather than focussing on growth &ndash; won
 out. 
The Bank of England's decision to maintain its current interest rate stance reflects a broader pattern of monetary policy restraint among major central banks worldwide this week. The narrative emerging from all the Central Banks&rsquo; announcements was
 one of caution. The US Federal Reserve opted to keep rates within its existing 3.5 per cent to 3.75 per cent range, signalling continued caution in its approach to monetary adjustment. Canada held firm at 2.25 per cent, while both the Bank of Japan
 at 0.75 per cent and the European Central Bank at 2 per cent announced they too would be maintaining their respective rates for the time being.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634954/resi/gb/Articles/Images/Roundup-Mar20-Chart1.jpg" />
Outlook for inflation
Maintaining its key focus on inflation, the Bank emphasised that it will be monitoring developments "extremely closely" and stands ready to act to ensure inflation returns to the 2 per cent target level. With the Consumer Prices Index (CPI) having fallen
 to 3 per cent in January, MPC forecasts back in February had anticipated inflation dropping back towards 2 per cent from as early as April, largely thanks to falls in the energy price cap. However, on Thursday, the MPC acknowledged that recent increases
 in wholesale energy costs would delay inflation's return to target, as these rises were already translating into higher fuel prices at the forecourt. The Committee now expects inflation to sit at around 3 per cent in the second quarter of 2026, a
 notable increase from the 2.1 per cent in the February forecast. 
Looking ahead, higher wholesale gas prices are likely to feed through into a higher Ofgem energy price cap from July, which the Bank anticipates could add 0.75 percentage points to inflation over the third quarter. When combined with the prospect of firms
 passing on elevated energy costs to consumers, the MPC warned that CPI inflation could climb to as much as 3.5 per cent in the third quarter, considerably higher than the previous 2 per cent forecast.
Employment figures
The latest government figures revealed continued weakness in employment markets. Growth in private sector wages, excluding bonuses, was 3.3 per cent in the three months to January, below the 3.5 per cent expected by the markets. The jobless rate remained
 at 5.2 per cent, marginally lower than the 5.3 per cent forecast previously.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634954/resi/gb/Articles/Images/Roundup-Mar20-Chart2.jpg" />
Impact on mortgage rates
With oil breaching $100 a barrel and the prospect of higher inflation for longer, swap rates (the benchmark rate for fixed rate mortgages) have risen. Markets are certainly pricing in the uncertainty &ndash; particularly in the short term, with two-year
 swaps now sitting higher than five-year. Products are being pulled, with the last of the sub 4 per cent deals now disappearing from lenders&rsquo; books. Moneyfacts data shows the average shelf-life of mortgage products fell from 33 days in early
 February to 14 in early March, the lowest for over two years.
Moneyfacts tracked the removal of 600 mortgage products over the past few weeks. Not great news for borrowers, but this does reflect only around 10 per cent of the overall market.&nbsp; The number of mortgage products available is still more than double
 those offered in the weeks following the 2022 mini-Budget. Average two-year fixed rates have risen from 4.84 per cent at the start of March to 5.32 per cent on the morning of the MPC meeting. 
What does this mean for the housing market? 
Uncertainty often leads to greater caution among buyers, particularly those who are less needs driven. In the short term, we expect those who have already locked in more favourable mortgage deals will be keen to push through transactions. But for those
 thinking of entering the market, heightened uncertainty alongside higher rates will likely deter some from moving. 
Our 2026 forecast, made back in November, always predicted a stronger H2 than H1. It&rsquo;s still too early to call, and we are obviously all hoping for a swift resolution to the current conflict. But if the conflict persists, we could see a delay in
 the recovery this year. We&rsquo;re reviewing our outlook and will keep you posted once we have a clearer view. 
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as
 to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any
 means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right
 to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

Residential Roundup - 20 March

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1776634992/resi/gb/Articles/Images/Roundup-Mar20-Hero.jpg

With the government committing to one &ldquo;fiscal event&rdquo; a year, the Spring Forecast was, as expected, policy light but forecast heavy. There was some (rare) positive news for the Chancellor, with cash receipts coming in stronger than the Budget watchdog expected, rising to the tune of &pound;22bn. An increase in receipts from self-assessment tax returns (including the impact of fiscal drag pulling more taxpayers into higher bands) alongside VAT and CGT increases are helping fill the coffers. This will be welcome news for the government, particularly following the loss of the Gorton and Denton by-election, with both the Greens and Reform making significant gains.&nbsp;
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634617/resi/gb/Articles/Images/Roundup-Mar6-Chart1.jpg" />
The outlook for UK GDP remains subdued, with the Office for Budget Responsibility downgrading their view on 2026 growth from a 1.4 per cent forecast in November to 1.1, although the outlook for 2027 and 2028 improved marginally from 1.6 per cent growth
 to 1.7. This downgrade was due, in part, to a drop in net migration, with the OBR now expecting net migration to average 235,000 a year between 2026 and 2030, 60,000 a year lower than the 295,000 it was predicting in November.
Unemployment is now expected to peak at 5.3 per cent this year, up from a November forecast of 4.9 per cent. Youth unemployment remains particularly challenging, with 16 per cent of 16- to 24-year-olds out of work in Q4 2025, nearing an 11-year high.

Inflation is expected to fall back from 3.5 per cent in 2025 to 2.3 per cent in 2026 &ndash; down from November&rsquo;s forecast of 2.5 per cent. But as the conflict in Iran continues to escalate, the Office for Budget Responsibility&rsquo;s forecasts
 looked out of date even before they were published, with continued military action in the Middle East sending shockwaves through the markets. Airline stocks dropped by more than 10 per cent while fears over oil supply saw the share prices of BP and
 Shell spike. Oil has hit $85 a barrel but crucially remained below the $128 threshold reached following Russia&rsquo;s invasion of Ukraine in 2022. Similarly, the price of liquefied natural gas, of which around 20 per cent of global supply comes out
 of Qatar, almost doubled compared with pre-conflict levels as QatarEnergy confirmed a suspension in production following an attack on its primary operational hubs.&nbsp;
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634617/resi/gb/Articles/Images/Roundup-Mar6-Chart2.jpg" />
There are many reasons aside from the fiscal to hope for a quick resolution, but fears over the impact of a drawn-out conflict on inflation remain. Expectations that we may see a further rate cut at the next MPC meeting on 19th March have all but evaporated
 - the odds on a rate cut in March slashed from north of 70 per cent last week to around 20 per cent at time of writing. 
&nbsp;
Housing market
There was little in the Spring Forecast for housing, with those pinning their hopes on an outside chance that much needed buy side incentives would be announced again disappointed. Although rumours abound that the government is continuing to consult on
 how best to support first-time buyers. The OBR still expect the government&rsquo;s housebuilding aspirations are unachievable, forecasting 1.3 million homes UK wide by 2029/30, 200,000 short of the government&rsquo;s England only target. That said,
 the Spring statement adds 30,000 to the previous figures published in November. Here at JLL we&rsquo;re a little more pessimistic, with expectations of closer to 1 million homes over the forecast period. 
House prices were expected to rise by an average of 2.5 per cent per annum over the next five years, with only a marginal 0.2 percentage point increase and another 0.1 percentage point rise expected in 2027 and 2028 over the November outlook. This is
 more pessimistic than the JLL view, with our UK forecast expecting just shy of 20 per cent increase in prices by the end of 2029 against 16.4 per cent forecast over the next five years by the OBR. 
In other news
Houses prices edged up in February, with the Nationwide Index showing prices rising 0.3 per cent month-on-month. But with inflation at circa. 3 per cent, prices on an inflation adjusted basis fell, meaning further improvement in affordability. For rents,
 Homelet&rsquo;s reported average UK rental values rose 2 per cent in the year to February. The North East was the only English region to record above inflation increases in rents at 4.6 per cent, with rents rising in real terms in Scotland (+4.6 per
 cent) and Wales (3.1 per cent).
Yet despite notional increases in spending power in most markets, prospective buyers remained cautious in January. Mortgage approvals dropped below 60,000, their lowest for two years. Of course, January is never the busiest month for the mortgage markets,
 but the promise of better rates ahead, as well as continued economic uncertainty around growth and job security could well be impacting here. We&rsquo;ll need a few more months of data to tell. 
In case you missed it
Our latest JLL Big Six Residential Development Report shows the average price of new build apartments across the six cities rose 2.4% in 2025, while rental growth slowed to 1.7%. In the build-to-rent market, total investment volumes exceeded &pound;1bn
 in 2025, 21% higher than 2024. North of the border the passing of the Scottish Housing Bill, and the exemption of BTR from future rent caps is expected to boost activity and put Scotland firmly back on investors&rsquo; radars. To download a copy of
 the report <a href="https://residential.jll.co.uk/insights/article/big-six-residential-development-report-2026">click here</a>. 
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as
 to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any
 means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right
 to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

Residential Roundup - 6 March

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1730756233/resi/gb/Articles/Images/Resi-Forecast-Hero.jpg

The government unveiled the draft Commonhold and Leasehold Reform Bill at the end of January. This follows the adoption of the Renters' Rights Act, which ends &ldquo;no-fault&rdquo; evictions, and the ban on upwards-only rent reviews in commercial leases.
 This proposed legislation represents a significant overhaul of residential property ownership structures, with the potential to impact over five million existing leaseholders.
The centrepiece of these reforms is a cap on ground rents at &pound;250 annually from late 2028, dropping to a nominal peppercorn rate after 40 years. For many leaseholders currently facing escalating ground rents &ndash; particularly those trapped by
 doubling clauses &ndash; this provides substantial savings throughout their lease term as well as certainty over costs. The changes will be particularly welcomed by homeowners whose properties became difficult to mortgage or sell due to onerous ground
 rent terms.
The legislation also looks to abolish the controversial and widely criticised forfeiture system. Under current rules, leaseholders can lose their homes and equity over debts as low as &pound;350. The new enforcement regime introduces a structured court
 process. Where properties must be sold, leaseholders will receive any balance after landlords' claims and mortgage debts are settled.
However, this retrospective capping of existing contractual arrangements is a significant departure from traditional legal principles and is likely to face legal challenges from investors who have acquired ground rent income streams in the past.
<h2>The End of New Leases</h2>
Building on the 2022 ban on new leasehold houses and ground rent ban on new flat leases, the Bill prohibits new leasehold flats entirely. Instead, newly built residential developments will use commonhold structures, where homeowners collectively own both
 their individual properties and a proportional share in the building itself. This offers greater control to those ultimately bearing the costs.
However, commonhold isn't without challenges, and despite being introduced in 2002 has seen low levels of take-up. Owners will still need to grapple with collective decision-making and shared responsibilities &ndash; issues familiar to anyone involved
 in right-to-manage companies or share of freehold arrangements. Owners of commonhold properties will also be legally responsible for building safety requirements, with failure to adhere to rules opening owners up to legal action, fines or even imprisonment.
 If commonhold owners don&rsquo;t want to collectively manage their buildings, they may choose to engage a managing agent. However, management companies, used to dealing with single freeholders, may also find it more challenging and more costly to
 engage with multiple commonhold owners or committees, most of whom are unlikely to have previous property management experience. This lack of track record may also prove challenging for lenders, with newly established commonhold structures unable
 to demonstrate the managerial and financial track record larger management companies or freehold owners can offer. All of which means the success of commonhold will depend heavily on whether the updated framework addresses these practical complexities
 effectively.

For developers this also represents a fundamental shift away from the traditional model of retaining or selling on freehold ownership. However, the ban includes exemptions for &lsquo;permitted leases&rsquo; which looks to include build-to-rent schemes,
 purpose-built student accommodation and social housing.
<h2>Conversion of Existing Leaseholds</h2>
Existing leaseholders aren't left behind. The reforms attempt to simplify conversion to commonhold, replacing the current unanimous consent requirement with a 50% threshold. Buildings will be able to maintain mixed ownership during transition periods,
 with mechanisms ensuring effective management whilst preserving rights for homeowners.
<h2>Implications </h2>
These changes will impact both leaseholders and those who invest, lend and develop in the sector. Freehold investors, including several pension funds, face reduced income streams, while developers lose a traditional revenue source from freehold sales,
 potentially affecting development viability.
For homebuyers, commonhold developments may become increasingly attractive due to enhanced transparency and owner control. But the ability to convert should prevent market segmentation between leasehold and commonhold properties.
For lenders, the transition period may also cause legal and valuation headaches. The removal of &ldquo;marriage value&rdquo; in lease extensions will significantly reduce the cost of extending a lease but also distorts long established and legally ratified
 approaches to valuation used to assess the differential in the value of short lease properties. This could lead to uncertainty around true value and cause issues for those looking to lend or secure finance on short lease properties.
<h2>Timeline</h2>
Currently in draft form, the legislation faces parliamentary scrutiny and likely legal challenges. The ground rent cap won't take effect until late 2028, providing time for market adjustment and legal resolution.
The transition presents challenges, particularly for existing investors, but the legislation promises greater security and control for millions of homeowners. Ultimately success will be measured by the extent to which these complex reforms deliver the
 improved homeownership experience the government promises, both for current leaseholders and future residents.
<h2>JLL Research</h2>
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing.
Disclaimer: &copy; 2026 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

Implications of Leasehold Reform

The government unveiled the draft Commonhold and Leasehold Reform Bill at the end of January. This follows the adoption of the Renters' Rights Act, which ends &ldquo;no-fault&rdquo; evictions, and the ban on upwards-only rent reviews in commercial leases. This proposed legislation represents a significant overhaul of residential property ownership structures, with the potential to impact over five million existing leaseholders.

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1772693064/resi/gb/cms/News/Images/26-insights-implications-of-leasehold-reform.jpg

Big Six Residential Development Report 2026

The JLL Big Six Residential Development Report compares activity, prices, and rents across six UK cities: Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester. This report incorporates data from the JLL UK Cities index, comparing changes in prices and rents across mainstream and prime developments in each city.

https://res.cloudinary.com/global-cms-assets-np/image/upload/v1772001015/resi/gb/Articles/Images/big-6.jpg

It&rsquo;s been quite a week (again) in Westminster, with further revelations about the former U.S. Ambassador looking at points as if they could topple Starmer. Yields on ten-year government debt rose to just shy of 4.6 per cent in response but have since settled, with the pound weakening against both the dollar and euro, too. 
But despite calls from Scottish Labour leader Anas Sarwar for the PM to stand down, the cabinet came out broadly in support. For Sarwar, the upcoming Holyrood election will be at the forefront of his mind, but for Starmer, too, the 7 May local elections remain a thorn in Labour&rsquo;s side, with the potential for &lsquo;protest&rsquo; voting to further destabilise Starmer and Labour&rsquo;s front benches. 
UK economy
Like front line politics, unpicking what&rsquo;s happening to the UK economy remains challenging. Following a surprise 0.3 per cent uptick in GDP in the three months to November, the December (Q4) figures came in at a somewhat underwhelming 0.1 per cent,
 the same as recorded in Q3. This took full-year 2025 growth to 1.3 per cent, notably above the figure most forecasters predicted earlier in the year. 
The announcement of these results resulted in some significant political cherry-picking, with Labour citing the UK as the best-performing European G7 nation (effectively we did better than France, Germany and Italy). The Conservatives took a different
 stance, with the flatlining of GDP in the second half of the year blamed squarely at Rachel Reeves&rsquo; decision making. 
Looking ahead, the OBR expects growth of 0.9 per cent in 2026, whereas consensus forecasts are a little higher at 1.0 per cent.&nbsp;
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634352/resi/gb/Articles/Images/Roundup-Feb13-Chart2.jpg" />
Caution around the labour market
The labour market has continued its gradual cooling from the post-pandemic tightness that characterised recent years. The unemployment rate remained at 5.1 per cent in the three months to November&mdash;October, the highest level since 2016 when excluding
 the pandemic disruption. But there are now 3.7 million more people in employment than when unemployment last reached this level. Job vacancies remained stable in November at 2.3 per 100 employee jobs for the fourth consecutive month, sitting modestly
 below the pre-pandemic average of 2.6.
The inflation picture presents a much brighter outlook than we've seen over the past two years, despite some uneven progress. Core inflationary pressures, particularly in goods, continue to subside, and slower wage growth is expected to gradually filter
 through to services inflation.
Most forecasters anticipate inflation will continue its downward trajectory throughout 2026, drawing closer to the Bank of England's 2 per cent target. Financial markets expect this will permit further gradual monetary easing as we move through 2026.
 The Bank of England maintained its policy rate at 3.75 per cent at its most recent meeting but signalled the possibility of additional cuts. Markets and economists are forecasting up to two further 25 basis point reductions in the year ahead.
UK investment
JLL data on UK real estate investment volumes (all sectors), shows volumes increased 64 per cent quarter on quarter to &pound;16.4bn in Q4, from &pound;10.0bn in Q3.&nbsp; This represented a 28 per cent increase on 2024 where volumes reached &pound;12.8bn
 in Q4. Growth also remained higher than the long-run average, at 10 per cent above the 10-year Q4 average. 
A strong Q4 means total 2025 volumes rose to &pound;49.0bn, 27 per cent above 2024 volumes of &pound;38.7bn and 2 per cent above the 10-year average.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634352/resi/gb/Articles/Images/Roundup-Feb13-Chart1.jpg" />
Affordability at a decade high
UK wage growth dropped to its lowest level since 2022 in the three months to November, rising 4.5 per cent year-on-year. Yet despite the recent drop in the rate of wage inflation, increases in earnings have been outpacing house prices for some time now.
 This has resulted in house price to earnings ratio dropping from a high of 6.9 times earnings in Q2 2022 to 5.6 times in Q4 2025. This means house prices, when measured as a multiple of earnings are at their most affordable for over a decade. 
London has followed a similar trajectory. Back in 2016 average London house price hit 11.7 times earnings but almost a decade on the ratio had fallen to 8.8. The last time London had a similar ratio was back in Q4 2013. 
The challenge more recently has been around mortgage costs, with higher rates effectively wiping out affordability advantages. But rates are improving, best-buys are under 3.6 per cent and the effective interest rate on new mortgages edged down to 4.15
 per cent in December from 4.20 per cent in the previous month.
Housing market
Responses to the January RICS survey point to some green shoots in the residential market this year. The 12-month view on house prices rose for the fifth consecutive month, with a net balance of +43 per cent of respondents expecting prices to be higher
 at the same point in 2027. The outlook for rental growth remains positive too, with a net balance of +28 per cent expecting near-term rental increases.
JLL Research
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
Disclaimer: &copy; 2025 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as
 to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any
 means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right
 to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

Residential Roundup - 13 February

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1776634371/resi/gb/Articles/Images/Roundup-Feb13-Hero.jpg

Government announcements have been coming in thick and fast this week. They&rsquo;ve confirmed the detail behind much-anticipated changes to leasehold ownership, provided clarity on decent homes, minimum energy efficiency standards, warm homes, affordable housing rent convergence and low-cost loans for housing associations. Here at JLL we&rsquo;ve been busy releasing reports of our own too, with our latest Prime Central London and Living Roundup out now. So, buckle up, take a deep breath, and we&rsquo;ll run through what we&rsquo;ve learnt in the last fortnight. 
Leasehold reform
The government has finally published the Draft Commonhold and Leasehold Reform Bill. Reactions differ depending on which side of the leasehold fence one sits. Owners of freeholds bought as investments (which include individuals and larger institutions)
 will be assessing the implications for income. Developers too will be keen for more clarity on the impact of commonhold structures for future development, something which we&rsquo;ll be looking into more in the coming weeks. But for individuals owning
 leasehold properties or those looking to buy the reaction remains positive. The proposed capping of annual ground rents at &pound;250 from 2028 (dropping to a peppercorn rent after 40 years) will mean existing homeowners who own properties with more
 complex ground rent structures (doubling ground rents being one of the most challenging) finding it easier to secure a mortgage or sell their homes. It also reassures prospective owners that costs will not escalate going forward, supporting increased
 activity in the market. With challenges around escalating service charges, the greater transparency a commonhold structure brings may mean common holders have more control (or at least better oversight) of fees charged too.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634116/resi/gb/Articles/Images/Roundup-Jan30-Chart1.jpg" />
Housing delivery &ndash; a mixed picture
The government&rsquo;s commitment to 1.5 million homes appears unwavering, however 18 months from coming to power the delivery of new homes has reached near record lows. The government will welcome some positive headlines, with an 18 per cent annual increase
 in housing starts in the year to September 2025. But this isn&rsquo;t the full picture. Changes to building regulations meant starts spiked and then dropped back in Q2 2023, meaning the hike in starts comes off an abnormally low base.
In London Molior&rsquo;s latest release was mixed too. The number of starts totalled just over 5,500 in 2025 - it was 34,000 a decade earlier - meaning Molior&rsquo;s London starts in 2025 were just 6 per cent of London&rsquo;s 88,000 housing needs target.
 But there was a glimmer of hope, with Q4 starts rising, accounting for 41 per cent of the albeit low 2025 total.
Affordable housing clarity
The government has set out the detail behind rent convergence for social housing. The announcements are designed to address the difference in rents charged for some social homes and formula rents for comparable properties. This means more fairness for
 tenants who won&rsquo;t pay vastly different rates for similar homes just because they&rsquo;ve lived in a property for longer or have a different social landlord. From April 2027 affordable housing providers will be able to increase rents by &pound;1
 per week over and above CPI plus 1 per cent rising to &pound;2 per week above CPI+1 from April 2028. Rent convergence can run for up to ten years, or until they reach parity. London has the widest gap and is expected to take the longest with some
 regional markets needing only a year or so to regain lost ground. The announcements on rent convergence are seen as key in underpinning providers&rsquo; balance sheets and ensuring they have the confidence and financial ability to deliver more homes.
Details were also shared on the &pound;2.5bn of low-cost loans for housing associations announced at the spending review. The 25-year loans will have an interest rate of 0.1 per cent. &pound;250m will be set aside to support section 106, with the remaining
 90 per cent supporting the delivery of social housing through grant-funding.&nbsp;
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1776634116/resi/gb/Articles/Images/Roundup-Jan30-Chart2.jpg" />
Living update
A record &pound;22.8bn was invested in UK Living in 2025, with healthcare contributing more than half of the total as it ended the year with several &pound;1bn+ M&amp;A deals. Excluding healthcare, investment grew a more modest 2 per cent to &pound;10.1bn,
 rising for the second year running from the trough in 2023 (&pound;8.9bn). Single family investment overtook multifamily in 2025 with &pound;2.6bn invested, accounting for just over half of all build-to-rent investment last year. 
The 2024/25 student data released by HESA this week gives us a glimpse at the first full year impact of restrictions on international students brought in at the start of 2024. The number of international students has fallen 10 per cent from its 2022/23
 peak, totalling 686,000 in 2024/25. Though still above the UK's (now scrapped) 600,000 target, it does represent a significant fall at a time that universities remain reliant on international tuition fees. The slowdown among international students
 resulted in a marginal 1 per cent decline in total university students. Despite a degree of uncertainty, investors were still active in the student market, with &pound;4.6bn of investment completing across the year, up 22 per cent annually. For more
 analysis on the UK living sector read Karl Tomusk&rsquo;s latest Living Roundup <a href="https://www.jll.com/en-uk/insights/uk-living-roundup-series">here.</a>
Prime Central London
Pre-budget anxiety means drawing firm conclusions from Q4 data isn&rsquo;t advisable, but there were some glimmers of hope for a sunnier year ahead. Prices across PCL were down 7.3 per cent year-on-year in Q4, following a 1.6 per cent quarterly decline.
 But with more clarity post-Budget activity began to pick up with transactions above &pound;10 million rising by 36 per cent over the quarter, with buyers who&rsquo;d agreed prices pre-Budget gaining the confidence to exchange. Activity below &pound;2million
 was driven largely by domestic buyers, with transactions at this price point rising 7 per cent over the quarter. Activity in the &pound;2&ndash;5 million and &pound;5&ndash;10 million ranges was more subdued, likely reflecting lingering uncertainty
 earlier in the quarter around proposed tax changes. To read Meg Eglington&rsquo;s take on the Q4 PCL market <a href="https://residential.jll.co.uk/insights/research/jll-pcl-report-q4-2025">click here.</a> 
JLL Research
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
Disclaimer: &copy; 2025 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as
 to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any
 means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right
 to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

Residential Roundup - 30 January

jll-gmp-may-2023-social-1200x628

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1776634032/resi/gb/Articles/Images/Roundup-Jan30-Hero.jpg

JLL PCL Report – Q4 2025

https://res.cloudinary.com/global-cms-assets-np/image/upload/v1769054291/resi/gb/Articles/Images/PCL_big_ben.jpg

In a city defined by timeless landmarks and architectural icons, SEVEN Southbank Place emerges as the final opportunity to own within one of London&rsquo;s most celebrated riverside addresses. Standing proudly on the South Bank, opposite Big Ben, the Houses of Parliament, and moments from the London Eye; SEVEN captures the very essence of Prime Central London living: cultural, connected, and crafted for generations to come.An Address of DistinctionAs the final building and &ldquo;jewel in the crown&rdquo; of the globally renowned Southbank Place development, SEVEN represents both rarity and refinement. Designed by award-winning architects Stanton Williams, with interiors by the acclaimed Albion Nord, the building celebrates the dialogue between heritage and modernity. Natural materials such as oak, limestone, and granite define calm, tactile interiors that invite light and life to flow through every space.Each residence, from one-bedroom apartments to penthouses - offers an effortless connection to the city beyond. Floor-to-ceiling windows frame the River Thames and London&rsquo;s most iconic views, while sculpted balconies provide a private perspective over Jubilee Gardens and the city skyline.Wellness, Culture, and ConnectionLife at SEVEN flows effortlessly between serenity and connection. Residents enjoy access to a 17,000 sq. ft. private Health Club &amp; Spa, complete with an infinity pool, treatment suites, and a world-class TechnoGym studio. Beyond the building, five acres of landscaped public spaces connect you to boutique shopping, fine dining, and the cultural icons of the South Bank, from the Royal Festival Hall to the Tate Modern. Seamlessly connected, Southbank Place features a private entrance into Waterloo Station, granting residents instant access to four Underground lines and national rail, ensuring that London, in all its seasons, is always within reach - Mayfair for dinner, Knightsbridge for shopping, or Heathrow for a flight home.The New Definition of Riverside LivingSEVEN marks a defining moment for London&rsquo;s riverside. It brings together architectural precision, world-class design, and a location that has shaped the city&rsquo;s identity for centuries. For investors and residents alike, it represents the rare chance to own not just a home, but a lasting legacy at the centre of it all.Residences from &pound;1.9M <a href="https://residential.jll.ae/sale-development/seven-southbank-place/london-a0o1i000001jvdxuac">Register your interest with JLL Residential today.</a>

Why SEVEN Southbank Place Defines London’s Next Era of Riverside Living

In a city defined by timeless landmarks and architectural icons, SEVEN Southbank Place emerges as the final opportunity to own within one of London&rsquo;s most celebrated riverside addresses.

In a city defined by timeless landmarks and architectural icons, SEVEN Southbank Place emerges as the final opportunity to own within one of London’s most celebrated riverside addresses.

https://res.cloudinary.com/jll-global-olm-np/image/upload/w_1920,c_limit,q_auto:good,f_auto,fl_progressive/resi/gb/resiforce/00D1I000000m4lcUAA/a0O1I000001Jvdx/4r1fvl6vj/3800_SBP_Int_Apt107_Balcony_01%20copy.jpg

<div><div>Tenant preferences are no longer a soft consideration in residential investment&mdash;they are actively shaping rental performance, asset resilience, and long-term value.According to the JLL Buyers and Tenants Survey 2025, 78% of tenants say they would pay a rental premium for homes with on-site leisure facilities. What was once seen as a lifestyle upgrade has now become a commercial driver.At JLL, we see this shift playing out clearly across Prime London, and it has important implications for investors.<h3>Amenity-Led Living Is No Longer Optional</h3>Urban tenants today are prioritising convenience, wellbeing, and quality of life. Hybrid working patterns, denser city living, and rising expectations have changed what residents look for in a home.JLL research shows that tenants are increasingly drawn to developments offering integrated leisure and wellness facilities, high-quality shared spaces that support daily routines, and amenities that reduce friction and enhance liveability. These features directly influence where tenants choose to live, and what they are willing to pay.<h3>Why This Matters for Investment Performance</h3>From an investor perspective, amenity-led developments tend to deliver rental premiums driven by stronger tenant demand, higher occupancy and retention, and long-term competitiveness. In simple terms: what tenants value today shapes asset performance tomorrow.<h3>How This Is Reflected Across JLL's London Portfolio</h3>This trend is already evident across JLL Residential's Prime London developments, each responding to tenant demand in a distinct but commercially relevant way.&bull; Seven Southbank Place is a lifestyle-driven residential address in one of London's most connected locations, where on-site leisure and shared amenities enhance everyday urban living and support sustained rental appeal.&bull; The HiLight is a wellness-focused development designed around healthier living, aligning closely with growing tenant demand for wellbeing-led homes and long-term lifestyle value.&bull; Opus at Bankside Yards is the first residential building within the Bankside Yards masterplan, combining architectural quality with integrated shared spaces to appeal to design- and lifestyle-conscious tenants.Across these developments, a consistent pattern emerges: amenity-rich homes are better positioned to attract demand, command premiums, and remain relevant over time.<h3>The JLL Perspective</h3>Amenities are no longer "nice to have." They are a core component of modern residential investment strategy.At JLL Residential, our role goes beyond selling homes. We help investors understand where tenant demand is heading, how it translates into performance, and which developments are best positioned for long-term success.If you're assessing London residential opportunities and want guidance rooted in data, market insight, and real portfolio experience, we'd be happy to connect.Message us or explore our Prime London developments to learn more.</div></div>

78% of Tenants Would Pay a Premium for On-Site Leisure Facilities

Tenant preferences are no longer a soft consideration in residential investment&mdash;they are actively shaping rental performance, asset resilience, and long-term value.

Here&rsquo;s Why That Matters for Investors

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1768772613/resi/MENA%20-%20UAE/Insights/Tenants-Hero.png

Hopes of a more settled geopolitical landscape in 2026 have been quickly dashed, with Trump&rsquo;s intervention in Venezuela, little progress on a peaceful resolution in Ukraine, the return of transatlantic friction over Greenland and distressing scenes
 in Iran leaving questions over the prospect of further US intervention.
But there are signs that economically 2026 could prove more settled. The Budget is behind us and the promise of one fiscal event a year &ndash; and hopefully lessons learnt from the pre-Budget paralysis last year &ndash; mean we could see more activity
 this year. The Bank of England has hinted they expect inflation will drop back to levels at or close to their 2 per cent target by the end of 2026, with two or more rate cuts this year looking more likely. 
There was some promising news on GDP in November, recovering from an October contraction of 0.1 per cent to grow 0.3 per cent in November, a five-month high. It isn&rsquo;t always prudent to read too much into monthly GDP numbers, but the increase in
 November does point to modest growth rather than a contraction once the Q4 figures surface. The reopening of the Jaguar Land Rover production line supported the November figure (and fed into the negativity in October), with car manufacturing rising
 26 per cent month-on-month. 
For the housing market 2026 also brings some much-needed clarity on acronyms, with the NPPF, SAHP, RRA and rent settlement now published or expected to be released in Q1. We&rsquo;re forecasting a slow recovery rather than a step change in prices and
 activity this year. Our latest forecasts, published in early December, point to marginal growth of 2 per cent in prices and 2.5 per cent in rents this year. If you missed them, you can read more on our latest forecasts <a href="https://residential.jll.co.uk/insights/news/residential-forecasts-2025">here.</a>
Market activity
UK property transactions reached 100,350 in November, up 7.7 per cent annually and 1.3 per cent month-on-month, according to HMRC data. This sits just 1 per cent below the long-term pre-pandemic average (2013-2019). Rightmove&rsquo;s full year figures
 show sales agreed in 2025 were 3 per cent higher than 2024. But with transactions taking more than six months to progress from listing to exchange the slowdown in activity observed later in 2025 will take months to show up in the figures, meaning
 we&rsquo;re in for a few months of underwhelming figures, even if the market is feeling a little rosier.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1768581921/resi/gb/Articles/Images/Roundup-Jan16-Chart2.jpg" /> 
The RICS survey provides a timelier picture of market sentiment. It has been decidedly gloomy of late, with uncertainty pre-Budget weighing heavily on respondents&rsquo; market outlook. But their December survey, the first post-Budget, looks more promising.
 December isn&rsquo;t the best month to take the temperature of the housing market, with little change in new instructions reported by RICS and the near-term outlook for prices remaining broadly flat, but a higher number of respondents are now expecting
 prices to rise in 2026. A net balance of +35 per cent of respondents expect an increase, up from +16 in October and +24 in November. Sales expectations rose too, with a net balance of 34 per cent of respondent expecting activity to increase in 2026,
 the highest reading since December 2024. Rents are expected to rise in 2026 too, with respondents to the survey forecasting growth of 3 per cent nationally in 2026. 
Prices
Budget jitters acted as a dampener on house prices in the final months of 2025. Both Halifax and Nationwide reported UK house prices declining month-on-month in December, with Halifax showing a 0.6 per cent decrease and Nationwide recording a 0.4 per
 cent drop. Despite these monthly declines, annual price growth remained marginally positive at 0.3 per cent (Halifax) and 0.6 per cent (Nationwide) for the year ending December 2025. At a country and regional level prices in Q4 2025 rose in all areas
 bar East Anglia, where prices fell 0.8 per cent annually. Growth in the price of houses continues to outpace flats, with semi-detached houses recording 2.4 per cent growth annually, UK wide, compared with a 0.9 per cent fall for flats.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1768581921/resi/gb/Articles/Images/Roundup-Jan16-Chart1.jpg" />
Rents
The rental market followed typical seasonal patterns, with the final months traditionally bringing higher stock levels and modest rental adjustments. December 2025 saw average rents for new lets fall 1.5 per cent month-on-month, resulting in annual growth
 of 2.6 per cent for the year according to Homelet. The North East was the strongest English region at 6.6 per cent, Scotland recorded a solid 4.0 per cent annual increase, with Wales achieving 2.9 per cent growth over the same period.
Mortgage market
UK mortgage approvals dipped in November, with 0.7 per cent fewer approvals month-on-month and 6.7 per cent fewer annually. But considering this coincided with the run up to the Budget, falls were more marginal than some predicted and the 12-month rolling
 rate remains resilient.
This points to increased activity this year, supported by an increase in more competitive mortgage rates reaching the market. The effective interest rate on newly drawn mortgages averaged 4.20 per cent in November, down from 4.53 per cent in February,
 with best-buy fixed rates falling to 3.5 per cent in mid-January. 
JLL Research
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing. 
<h5>Disclaimer: &copy; 2025 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as
 to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any
 means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right
 to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.</h5>

Residential Roundup - 16 January

Discover the latest insights from Marcus Dixon in the first Residential Roundup of 2026 

Discover the latest insights from Marcus Dixon in the first Residential Roundup of 2026&nbsp;

https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1768581869/resi/gb/Articles/Images/Roundup-Jan16-Hero.jpg

Renters' Rights Act

The Renters&rsquo; Rights Bill (RRB) proposes significant reform within the private rental sector. The bill itself has been making fast progress through Parliament, having already passed through the House of Commons. It is now widely expected to come into effect from this spring onwards.&nbsp;

The Renters’ Rights Bill (RRB) proposes significant reform within the private rental sector. The bill itself has been making fast progress through Parliament, having already passed through the House of Commons. 

https://res.cloudinary.com/global-cms-assets-np/image/upload/v1728056777/resi/gb/Articles/Images/Renters-Rights-Bill-Update.jpg

Hosted at the prestigious Four Seasons, the event connected new and existing clients with our cross-border residential investment specialists who provided expert guidance on this high-demand London opportunity. These bespoke events are instrumental to our clients' investment success. Through private consultations and comprehensive presentation materials, our property experts delivered in-depth insights into The HiLight's distinctive features and benefits, while
 facilitating valuable direct relationships between investors and the developer. Our Associate Director of Residential Development and Investments Joseph Brown told &ldquo;Our recent event in Riyadh reaffirmed the strength of demand for UK property across the Gulf. It&rsquo;s always a privilege to connect with such engaged, forward-thinking
 investors, and to demonstrate how JLL continues to lead in cross-border residential advisory throughout the region.&rdquo; Given the strong and consistent interest from Riyadh's investment community, we look forward to returning soon with more exclusive opportunities. To know more about this exclusive investment opportunity, please register your interest below.&nbsp;<a href="https://residential.jll.ae/insights/news/the-hilight#contact-us"><button class="Button primary">Find out more</button></a>
&nbsp;<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1752527801/resi/MENA%20-%20UAE/Insights/The-HiLight-1.jpg" /><img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1752527801/resi/MENA%20-%20UAE/Insights/The-HiLight-2.jpg" /><img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1752527801/resi/MENA%20-%20UAE/Insights/The-HiLight-3.jpg" /><img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/f_auto,q_auto/v1752527801/resi/MENA%20-%20UAE/Insights/The-HiLight-4.jpg" />

The HiLight

Last month, our team proudly presented Ghelamco's exciting new London development, The HiLight, to discerning investors in Riyadh.

Last month, our team proudly presented Ghelamco's exciting new London development, The HiLight, to discerning investors in Riyadh.

https://res.cloudinary.com/global-cms-assets-np/image/upload/w_1920,c_limit,q_auto:good,f_auto,fl_progressive/v1752527224/resi/MENA%20-%20UAE/Insights/The-HiLight-Hero.jpg

Zoopla is reporting sales agreed in the four weeks to mid-June are up 6 per cent annually, but stock levels continue to rise more quickly than demand, meaning increases in activity are not driving significant price rises.
House prices 
Nationwide's house price index shows prices dipped 0.8 per cent in June compared with May, meaning annual growth in prices dropped back from 3.5 per cent in May to 2.1 per cent last month. Expect to see annual averages increase a little in the coming
 months as the market continues to settle.
Zoopla reported asking prices rose 1.4 per cent annually in May, with stock on the market up 14 per cent year-on-year. This outpaced new buyer demand, rising by 7 per cent over the same period. Higher value markets saw the most marked increase in stock
 for sale, with activity at the top end of the market more sluggish than at the lower end. Prices in areas where house prices average under &pound;200k rose 2.7 per cent compared with falls of 0.7 per cent in areas where prices top &pound;500k.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1751631279/resi/gb/Articles/Images/Roundup-July4-Chart1.png" />
Market activity 
Mortgage approvals numbers began to recover in May, rising 3.9 per cent month-on-month on a slow April and 3 per cent higher than May 2024. But these numbers point to a steady rise in activity rather than a significant uptick. Average rates paid on new
 loans fell in May to 4.47 per cent with sub-4 per cent rates now available for both two- and five-year fixes for those with higher deposits. Forecasters are still anticipating up to two further rate cuts this year, taking the bank rate to 3.75% by
 the year end, but uncertainty around swap rates means that we are not expecting to see further significant falls in best buy rates in the near term.
Following a slow post-SDLT April, transactions recovered in May. Seasonally adjusted figures show there were 25 per cent more sales in May than April, but volumes remained 12 per cent lower than the May figure a year ago.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1751631279/resi/gb/Articles/Images/Roundup-July4-Chart2.png" />
What does this mean for our outlook? 
The time taken to sell a home (from listing to completion) now exceeds 200 days according to research by TwentyEA. This means homeowners listing their homes today would be expected to pick up the keys to their new home in late January 2026.
As well as increasing the likelihood of a sale falling through &ndash; time is often the killer of deals - this means that prices achieved on completion for homes in 2025 will largely reflect offers already accepted by vendors. As a result, even if we
 see a pick-up in activity later in the year, with more competitive mortgage rates and improved buyer confidence increasing activity, this uptick will be reflected in the 2026 rather than 2025 stats.
Our forecasts for this year, made back in November, were for a gradual recovery in prices, aided by more competitive mortgage rates and political certainty following a Labour majority at the General Election. While the benefits of a strong majority have
 been tested in recent weeks and the outlook for the UK economy remains underwhelming, the housing market continues to follow a path of slow but steady recovery.
Despite the stamp duty changes muddying the waters more recently, we are leaving our current forecasts for 3.5 per cent annual growth in UK prices in 2025 unchanged. Similarly, our expectations that higher value markets would lag in 2025 are still evident
 in the latest house price data, meaning we still expect that price growth in London will be more modest, rising by 2.5 per cent in 2025.
A different story in Central London 
The only market where we are revising our 2025 forecast is Central London. Ongoing uncertainty around government plans to tax (or not) non-doms on their global assets means fewer prospective buyers at the top end of the market this summer. Here at JLL
 we've seen 8 per cent fewer new applicants registering with our offices in Q2 this year versus last, with LonRes data showing the numbers of sales so far this year at &pound;5million or more are down 14 per cent and &pound;10million plus sales down
 20 per cent.
Sold prices (excluding new homes) fell 3.9 per cent annually across Prime Central London in Q2 2025, meaning our expectations for 3 per cent growth by the year end is increasingly unlikely. Additional tax liabilities for overseas buyers and those buying
 additional properties from April, alongside ongoing uncertainty around the non-dom regime, are all impacting buyer appetite. A U-turn on the exposure of non-doms' global assets to UK inheritance tax could help, but many will be waiting for further
 clarity before making their decision to stay, go or relocate. In the meantime, buyers remain cautious and stock levels in the second-hand market, up 13 per cent annually, are outstripping demand.
Relative scarcity of stock in the new homes market in central London means we are not seeing any notable reduction in prices, but activity remains skewed towards owner-occupiers and needs-based purchasers rather than investors, with sales volumes lower
 than historic norms.
We expect some markets - particularly those neighbourhoods more reliant upon high-net-worth overseas buyers - will see prices end the year lower than they started, but others could see small single digit annual increases this year. This means overall
 we expect prices to be flat in 2025, with growth of 2 per cent forecast in 2026.
The slowdown in rental growth experienced across most UK markets is following the path we forecast in November, so we'll be maintaining our current forecast for growth nationally of 3.0 per cent in 2025.
JLL Research
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare and student housing. 
Disclaimer: &copy; 2025 Jones Lang LaSalle IP, Inc. All rights reserved. Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

Residential Roundup - 4 July

Three months on from the March stamp duty deadline and the housing market is gradually emerging from the SDLT fog. Zoopla is reporting sales agreed in the four weeks to mid-June are up 6 per cent annually, but stock levels continue to rise more quickly than demand, meaning increases in activity are not driving significant price rises.

Three months on from the March stamp duty deadline and the housing market is gradually emerging from the SDLT fog. 

https://res.cloudinary.com/global-cms-assets-np/image/upload/w_1920,c_limit,q_auto:good,f_auto,fl_progressive/v1751631292/resi/gb/Articles/Images/Roundup-July4-Hero.jpg

Prime Central London Report - Q1 2025

The JLL Q1 2025 Prime Central London Report tracks activity across the central London housing market. The report incorporates the results of our quarterly JLL Prime Central London Index.

https://res.cloudinary.com/global-cms-assets-np/image/upload/w_1920,c_limit,q_auto:good,f_auto,fl_progressive/v1745419962/resi/gb/Articles/Images/PCL-Q1-2025-Hero.jpg

The housing market remains more resilient than many had anticipated. The latest results from the RICS Survey show market conditions remain challenging, with agents still expecting prices to fall in the coming months in response to higher borrowing costs and uncertain market sentiment. But the outlook for the next 12 months remained more positive. 
Over the longer term there is a clear commitment from both Labour and the Conservatives to support home ownership. But until we see rates top out, we expect the market to continue to tread water. This means lower levels of activity, but prices will, we expect, remain more resilient as a lack of distress and high levels of equity act as a buffer to more challenging economic conditions. 
<h2>The economy</h2>
The outlook for the UK economy is improving, with the IMF upgrading their 2023 UK forecast. Echoing recent announcements from the Bank of England the IMF no longer expects the UK will fall into recession this year, with their latest forecasts expecting
 GDP will rise in 2023. Growth is expected to be modest at +0.4% but reflects a welcome venture into positive territory following the previous -0.3% forecast in April. This improved outlook means the UK no longer sits at the bottom of the list of G7
 economies for 2023, now moving ahead of Germany.
But inflation is still proving stickier than many had hoped. Rates have fallen, with single digit annual increases for the first time since August 2022. It was always anticipated that rates would drop back this month, with the impact of rising energy
 costs priced into rates a year ago, but the 8.7% annual increase remained higher than the Bank of England and many forecasters had anticipated.
Further falls in energy costs in the coming months will help to bring inflation down further, but annual food price inflation remains at 19.1% according to the latest ONS figures.
Core inflation (calculating the rise in costs when energy and food, alcohol and tobacco are stripped out) rose by 6.8% in the year to April, up from 6.2% in March. With the recent increase in five-year swap rates and stubbornly high inflation meaning
 a further rise in Bank Rate at the June MPC appears more likely.
<h2>New development</h2>
Activity in the new homes market remains muted. While schemes on site continue to deliver homes, levels of new starts have dropped and activity in the sector has been more subdued in Q1. The National House Building Council (NHBC) reported new build completions
 fell 7% annually in Q1 2023 but the number of new homes registered to be built fell 40% to less than 28,000. This follows news that new applications in 2022 fell 14% on 2021 levels, now at their lowest level since 2006, according to figures from the
 DLUHC. In London, Molior reports constructions starts down 43% on Q1 2022.
<h2>House prices</h2>
Considering the considerable change that has been thrust upon the UK housing market this year it remains remarkably robust. Activity has dropped back, but we are starting to see the reaction to the initial interest rate and sentiment shock following the
 mini budget recede, as prospective buyers re- enter the market. With time on the market and mortgage approvals all starting to recover from the lows of late 2022 and early 23.
Low levels of unemployment, wage growth (albeit mostly below inflation), and more equity within the market all mean forced sales are less prevalent. But for those who are looking to transact in this market there does need to be some realism about prices
 and additional cost facing purchasers.
The latest Land Registry figures show all regions saw a monthly fall in prices in March, with prices UK wide 1.2% lower than in February, the fourth consecutive monthly fall. Prices are now 2.4% below their November peak but remain 4.1% higher than they
 were a year ago.
After seven consecutive monthly falls the Nationwide reported house prices rose 0.5% in April, but prices dropped back marginally in the latest May figures, down 0.1% month-on-month with prices falling annually by -3.4%, now -4% lower than they were at
 the peak last summer. The Halifax reported at -0.3% fall in April, following a rise of 0.8% the previous month, with prices on par (+0.1%) with April 2022. First time buyer activity is proving more resilient than expected, with a competitive rental
 market driving those who can to buy instead.
Falls in achieved prices show higher rates and rising costs are impacting the housing market, although both activity and prices appear more resilient than many had expected. The latest figures from Rightmove show asking prices rose in May, up 1.8%, higher
 than the usual 1.0% May figure.
Uncertainty over rates appears to have put the brakes on the recovery in mortgage approvals posted in March. Seasonally adjusted figures from the Bank of England showing the number of mortgages approved for house purchase fell by 5%, from 51,500 in March
 to 48,700 in April. The average rate on new mortgages rose to 4.46% in April, up 5 basis points on March figures. Overall borrowers repaid &pound;1.4bn more than was lent in April 2023, which aside from the pandemic was the biggest net repayment on
 record.

<h2>Rents</h2>
The rental market continues to record near double digit growth in rents on new lets. The Homelet Rental Index showing annual rental growth remains strong at 9.9% across the UK in April 2023, with a current average rent of &pound;1,199, 1.3% higher than
 the March figure. London saw rents rise annually by 11.0%, with average rents on new lets exceeding &pound;2,000 per month. Scotland saw the highest annual increase, with rents on new lets rising 12.1%.
<h2>Global view</h2>
In the US, the Federal Reserve increased its key interest rate by 25 basis points, pushing its benchmark rate to between 5% and 5.25%. This is the tenth time rates have increased since March 2022. Rates could be topping out though with the Fed hinting
 at a pause on further rate rises when they next meet in June.
Singapore has announced a doubling of its Additional Buyer Stamp Duty. Overseas buyers purchasing a property in Singapore will now pay 60% tax on their purchase, with those buying using a trust will pay 65%. Permanent residents buying second homes in
 the city will also pay more.
<h2>What&rsquo;s new from JLL</h2>
Our latest Prime Central London report shows rents rose again in Q1 2023, but prices have dropped 4.3% compared with Q1 2022. Read more <a href="https://residential.jll.co.uk/insights/research/prime-central-london-q1-2023">here </a>
<h2>JLL Research | May 2023</h2>
JLL is a leading global professional services firm specialising in real estate and investment management, with $16.6bn annual revenue in 2020, operations in over 80 countries and a global workforce of over 90,000. With over 7,000 employees and 15 offices
 in the UK, we support our investor, developer and occupier clients at every stage of the property lifecycle across both commercial and residential asset classes. This includes land purchase, access to capital, planning, development advisory, leasing,
 building management and sales.
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing.
Disclaimer: &copy;2023 Jones Lang LaSalle IP, Inc. All rights reserved.Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or
 warranties as to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any
 form or by any means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves
 the right to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

JLL Residential Market Update – May 2023

The housing market remains more resilient than many had anticipated. The latest results from the RICS Survey show market conditions remain challenging, with agents still expecting prices to fall in the coming months in response to higher borrowing costs and uncertain market sentiment.

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1685702626/resi/gb/cms/News/Images/may-2022-1920x320.png

<a href="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1683722906/resi/gb/Articles/PDFs/PCL_Report_Q1_2023_-_V8.pdf" target="_blank"><button class="Button primary" style="text-align:center;">Download full report</button></a>
A higher proportion of homes bought with cash and a sustained lack of stock in the most sought-after locations means Prime Central London (PCL) is less tied to fluctuations in UK mortgage rates. However, the central London market is not
 immune to changes in economic conditions, with sentiment rather than interest rates often having a greater impact on activity and pricing. And while Prime Central London is less reliant on debt the discretionary nature of many purchasers buying decisions
 means PCL is often more reactive to changes in sentiment and economic headwinds than mainstream, both when prices fall and when they increase.
&nbsp;For the rental market, uncertainty often increases demand with prospective purchasers holding off on their decision to purchase and renting or remaining in rented instead. We continue to see demand outstripping supply for prime homes, but there
 is more balance in the market this year than we have seen over the last 12 months. Stock levels, while still significantly lower than the pre-pandemic norms have improved, and rental growth recorded in the Q1 2023 JLL Prime Central London Index has
 returned to single rather than double digit annual growth.
<a href="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1683722906/resi/gb/Articles/PDFs/PCL_Report_Q1_2023_-_V8.pdf" target="_blank"><button class="Button primary" style="text-align:center;">Download full report</button></a>

Prime Central London – Q1 2023

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

How has the Prime Central London (PCL) housing market performed so far this year, and how much of an impact will the ongoing economic headwinds have on the sector?

How has the Prime Central London (PCL) housing market performed so far this year, and how much of an impact will the ongoing economic headwinds have on the sector?

https://res.cloudinary.com/global-cms-assets-np/image/upload/v1673446559/resi/gb/Articles/Images/PCL_2.jpg

Global Real Estate Perspective May 2023

JLL&amp;'s regular view on global real estate dynamics, covering: investment, office, logistics, retail, hotels and living, as well as CRE market trends.

JLL&'s regular view on global real estate dynamics, covering: investment, office, logistics, retail, hotels and living, as well as CRE market trends.

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1684320512/resi/gb/cms/News/Images/UAE/jll-global-real-estate-perspective-may-2023-summary/jll-gmp-may-2023-social-1200x628.jpg

The UAE Real Estate Market – Q1 2023

jll-the-uae-real-estate-market-overview-social-1200x628

<div>Dubai welcomed over 1.47 million tourists in January, setting a positive pace of growth for the hospitality industry in 2023</div>

Dubai welcomed over 1.47 million tourists in January, setting a positive pace of growth for the hospitality industry in 2023

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1684237299/resi/gb/cms/News/Images/UAE/the-uae-real-estate-market-q1-2023/jll-the-uae-real-estate-market-q1-2023-social-1200x628.jpg

The KSA Real Estate Market – Q1 2023

A structural shift in Saudi Arabia's residential market sees demand for apartments outpace villas

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1684334831/resi/gb/cms/News/Images/UAE/the-ksa-real-estate-market-q1-2023/jll-the-ksa-real-estate-market-q1-2023-social-1200X628.jpg

The KSA Real Estate Market - A Year in Review 2022

jll-the-ksa-real-estate-market-q4-2022-social-1200x628

Robust demand and limited office space strengthens landlords&rsquo; negotiating position in the capital: JLL

Robust demand and limited office space strengthens landlords’ negotiating position in the capital: JLL

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1684333860/resi/gb/cms/News/Images/UAE/the-ksa-real-estate-market-q4-2022/jll-the-ksa-real-estate-market-q4-2022-social-1200x628.jpg

London Build-to-rent

jll-london-build-to-rent-social-1200x628

Investment of &pound;15bn has seen London&rsquo;s BTR market grow to 40,000 homes in 2022.

Investment of £15bn has seen London’s BTR market grow to 40,000 homes in 2022.

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1684321256/resi/gb/cms/News/Images/UAE/london-build-to-rent/jll-london-build-to-rent-social-1200x628.jpg

The Bank of England Monetary Policy Committee will next meet on 2nd February, with expectation that rates could rise again. Yet reports on the economic outlook for the UK have been marginally more positive of late. Despite remaining in double digits annual
 growth, inflation fell back again in December to 10.5% (from 10.7% in November and 11.1% in October). Inflation is now thought to have peaked in 2022 with forecasters anticipating a gradual fall in the rate of inflation throughout 2023. Albeit remaining
 higher than the Banks 2% target. Three of the key drivers of inflation globally, commodities, energy and shipping costs, are all falling. With lower gas prices meaning the governments costs to cap energy bills may well be lower than anticipated, helping
 to lower the rate of inflation in the coming months. But challenges remain, with households still feeling the cost-of-living squeeze as prices of other household goods including food continue to rise. The employment market too, while still robust
 is seeing vacancies fall as positions are withdrawn in certain sectors.<div><img alt="" src="https://residential.jll.ae/images/uaelibraries/default-album/residential-market-update-jan-2023-falling-inflation-175679a44f4c9-3cbe-4075-8e4d-641a06be18fc.jpg?Status=Master&amp;sfvrsn=3695d91c_1" sf-size="100" />&nbsp;<h2>The Mortgage Market</h2>A more competitive mortgage market is beginning to emerge in the UK. Several lenders have introduced more competitive fixed rate offers. One lender having released a new two-year fixed deal at 4.84%, one of the most competitive rates on the market.
 New analysis by wealth fund Quilter, has also shown that a fall in house prices coupled with a fall in mortgage rates to around 4%, could see buyers mortgage repayments reduce by as much as 25% by the end of 2023.The number of mortgage approvals in November 2022 fell to 47,279, the lowest levels since May 2020. However, as we see more competitive deals enter the market, it is likely we will begin to see a gradual uptick in the number of deals approved. It
 is also worth noting that a proportion of the fall in activity can be linked to the end of the Help to Buy scheme in October, skewing first -time buyer activity.<h2>The Sales Market</h2>The latest set of responses from the RICS survey saw the majority of agents reporting a drop in house prices and new buyer enquiries in December. The story is similar across London with a net balance of 32% of professionals reporting a fall in house
 prices. The fall in new buyer enquiries is also impacting the time properties spend on the market, with the number of days taken to sell a home rising to 52 days in December, seven days longer than in November. Albeit it is not unusual to see
 an increase in December.More challenging market conditions are yet to impact Land Registry house price data, with annual growth still in double digits in November 2022, due to the time lag between offer and completion. But monthly rates of growth are slowing as rising mortgage
 rates and a squeeze on household budgets are beginning to filter through to the market. The Nationwide House Price Index reports annual growth in December of 2.8%, representing a fourth monthly decline. Across the UK house prices rose 10.3% in
 November 2022, compared with November 2021, with prices 27% higher than they were in 2019 (November 2022 vs. November 2019). Regionally annual price growth ranged from 6.3% in Greater London to 13.5% in the North West.&nbsp;<h2>The Rental Market</h2>The Homelet index suggests annual rental growth remains strong at 10.8% across the UK, although the monthly change in rents remained flat in December. The latest RICS survey continues to show an imbalance between supply and demand in the both the
 UK and London rental markets. The impact of higher interest rates also means tenants are staying in the rental sector for longer as affordability is squeezed, and potential buyers wait to see where the market is heading before committing to purchase. <h2>Forecasts</h2>Lessons learnt from the global financial crisis mean the UK housing market is in a stronger position, with households more equity rich and stress tested for higher rates. JLL forecasts that transaction volumes will fall 30% next year but for house
 prices we will see a correction rather than a crash.&nbsp;In Central London, there are a larger proportion of both overseas and cash buyers, less reliant on mortgages, and subsequently effected by rate rises. Coupled with lack of stock coming onto the market, we expect this to underpin values in Central
 London over the next year of 2.5%.Outside of Central London a combination of higher rates, poorer market sentiment and the cost-of-living squeeze will mean prices and activity levels fall across the UK housing market in 2023. Prices are expected to fall UK wide by 6% in 2023 before
 recovering in late 2024, as interest rates fall back and inflation is contained.&nbsp;&nbsp;<style>td,
 th {
 padding: 8px;
 }

 tr {
 text-align: left;
 }

 .red {
 background-color: #131e28 !important;
 color: #fff !important;
 }

 tr:nth-child(even) {
 background-color: #e7e8e9;
 }

 .subheading {
 background-color: #fff !important;
 }
</style>
<div style="overflow-x:auto;" align="center"><table cellspacing="0" cellpadding="0" border="1" align="center"><tbody><tr class="red"><th scope="col" data-role="resizable">Residential Forecasts</th><th scope="col">2023</th><th scope="col">2024</th><th scope="col">2025</th><th scope="col">2026</th><th scope="col">2027</th><th scope="col" align="center">Total 2023-27</th><th scope="col" align="center">Average pa</th></tr><tr><td>UK House Price Change (% pa)</td><td>-6.0</td><td>1.0</td><td>4.0</td><td>5.0</td><td>5.0</td><td>8.9</td><td>1.7</td></tr><tr><td>UK Rental Value Change (% pa)</td><td>4.0</td><td>3.5</td><td>2.5</td><td>2.5</td><td>2.5</td><td>15.9</td><td>3.0</td></tr></tbody></table></div>Source: JLL ResearchAnd in case you missed it&hellip;. 2022 was a record-breaking year for Prime Central London. The latest JLL analysis shows&nbsp;<a href="https://residential.jll.co.uk/insights/article/prime-central-london-q4-2022">buyers spent &pound;5.2bn on home last year.</a>&nbsp;Looking
 forward, the cost of living squeeze is expected to put energy efficiency and value for money at the top of the checklist for many renters in 2023.&nbsp;<a href="https://residential.jll.co.uk/insights/news/uk-rental-market-update-2023">In a UK rental market update</a>,&nbsp;
 we highlight how 85% of renters from our tenant survey said the environmental efficiency of their home was important to them. And finally,&nbsp;Emma Rosser, Living Capital Markets Research Associate at JLL, on how&nbsp;<a href="https://www.egi.co.uk/news/btr-attracts-6-4bn-investment-in-another-record-year/">investment in UK BTR hit a record &pound;6.3bn in 2022, despite a downbeat Q4.</a><h2>Marcus Dixon</h2>Director of UK Residential Research +44 (0)7563 380165 marcus.dixon@eu.jll.com&nbsp;&nbsp;</div><div data-mediatype="1"></div>

Residential Market Update Jan 2023 – Falling Inflation

residential-market-update-jan-2023-falling-inflation-17567

The Bank of England Monetary Policy Committee will next meet on 2nd February, with expectation that rates could rise again. Yet reports on t

residential-market-update-jan-2023-falling-inflation-17567-488x195

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1682403634/resi/gb/cms/News/Images/UAE/residential-market-update-jan-2023-falling-inflation-17567.jpg

The UAE Real Estate Market - A Year in Review 2022

<div>UAE's real estate sector to remain resilient in 2023, with growth prospects ahead</div>

UAE's real estate sector to remain resilient in 2023, with growth prospects ahead

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1684226472/resi/gb/cms/News/Images/UAE/the-uae-real-estate-market-overview/jll-the-uae-real-estate-market-overview-social-1200x628.jpg

<h3>An oversea buyer&rsquo;s guide to investing in Prime properties in London, UK</h3>
Luxury properties in Prime Central London (PCL) present a solid investment opportunity for overseas buyers.
The financial and political stability that London affords means that, with the right advice and preparation, investing in London property could result in a springboard for your investment portfolio, a secure pension, or a route to setting your family
 up for the future. 
Whatever your investment goals, this expert guide is designed to help. Explore the potential opportunity when investing in <a href="https://residential.jll.co.uk/prime-collection">Prime Central London real estate</a>, the attractions
 that make PCL such a desirable place to buy, and the mechanics of buying a UK property as an overseas investor or non-UK citizen.&nbsp;
<h3>What is the size of the opportunity in Prime London properties for an investor?</h3>
Prime Central London real estate &ndash; sales growth
According to the <a href="https://residential.jll.co.uk/insights/news/prime-central-london-q1-2022">JLL Prime Central London Sales Index</a> &ndash; our quarterly study into how the PCL market is performing, there was a 3.3% annual
 increase in achieved prices in Q1 2022, with prices up 0.6% on Q4 2021. Achieved prices for Q1 2022 came in at 4.7% higher than pre-pandemic (Q1 2020).
The same study showed a 7% annual increase in sales, making Q1 2022 the busiest Q1 for five years. Activity was predominantly driven by properties listed at between &pound;2million and &pound;5million, with sales up by a quarter (25%) on Q1 2021.
Post-pandemic, Londoners continue to make the return to the office, on a full time or flexible working basis, which in turn is driving demand for <a href="https://residential.jll.co.uk/prime-collection">Prime Central London flats</a>.
 Between January and March 2022, we saw a rise of 13% in the number of PCL flats sold, compared to Q1 2021.
With Prime Collection properties commanding strong prices, there continues to be opportunity for overseas investors who are looking to own and occupy or buy to let.
Prime Central London real estate &ndash; lettings growth 
Now is a good time to invest in the buy to let Prime Central London real estate market. Our <a href="https://residential.jll.co.uk/insights/news/prime-central-london-q1-2022">JLL PCL Rental Index</a> recorded a 15% increase in
 rents achieved &ndash; the highest annual rise in more than 10 years. 
This 15% annual increase in achieved rents also put Q1 2022 3.1% higher than Q1 2020, pre pandemic, proving that the rise wasn&rsquo;t the result of a pandemic dip. 
As always, there is movement out of and within Central London, with renters negotiating a competitive market. In 2021, some PCL tenants were in a strong position to negotiate significant rent reductions. In 2022, we are seeing many tenants appreciate
 how competitive the Prime Central London rental market is and therefore paying more to stay in exclusive locations. 
JLL research shows an 18% annual increase in the number of rent renewals across Prime Central London in Q1 2022, compared with Q1 2021, during the pandemic.&nbsp;
Attractions in Prime Central London that make this area a unique investment opportunity 
London&rsquo;s mix of the historic and the modern makes the city a truly unique place to explore, invest in and live. There is an overview of the local area and property types in Knightsbridge, Kensington &amp; Chelsea, Mayfair, Marylebone, Belgravia,
 and Westminster in: <a href="https://residential.jll.co.uk/insights/research/guide-to-investing-in-prime-properties-london-uk-jll">&lsquo;Are luxury properties in Prime Central London a good investment?&rsquo;</a>.
 
Prime Central London covers the following six areas:
<ol>
 <li>Knightsbridge </li>
 <li>Kensington &amp; Chelsea</li>
 <li>Mayfair</li>
 <li>Marylebone</li>
 <li>Belgravia</li>
 <li>Westminster </li>
</ol>
 To make sure you find the right property, in the right area, at the right price, it is critical to work with trusted experts who have in-depth knowledge of the Prime Central London real estate market.&nbsp;
The mechanics of buying Prime properties in London as an overseas investor 
According to research published in Showhouse1, overseas investment in <a href="https://residential.jll.co.uk/prime-collection">Prime Collection properties</a> collectively brought an estimated &pound;1,188million to
 the Prime Central London market in 2020. Of Prime transactions in 2020, 11% came from French nationals, 9.2% came from Hong Kong and the USA, 8.3% from China, and 7.3% from India. 
Here, we answer some frequently asked questions from overseas buyers: 
-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Can a foreigner invest in UK property? 
Yes. In 2020, more than 40% of investment in Prime Central London&rsquo;s luxury properties came from overseas investors. Residential estate agents like <a href="https://residential.jll.co.uk/">JLL</a> are well versed in guiding
 overseas buyers through the UK buying process. 
-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What do overseas buyers need to know about the UK buying process? 
The estate agency you partner with (i.e. JLL) and the conveyancing solicitor you appoint are both critical to this process. Once you&rsquo;re ready to buy, the amount you are offering to pay (your &lsquo;offer&rsquo;) is presented to
 the seller by the estate agent. You will need to be able to prove how you will fund your offer, how quickly you are looking to &lsquo;exchange&rsquo; and &lsquo;complete&rsquo; (more on these below), and who your solicitors are. 
If your offer is accepted by the seller, your solicitor will carry out the conveyancing process on your behalf. This is complex, but, in brief, your solicitor will carry out &lsquo;searches&rsquo; of the Land Registry and Local Authority
 records to examine the planning history and to look for any potential developments surrounding the property. You will also need to instruct a property surveyor to check the structural strength of the property &ndash; this is known as getting a &lsquo;survey&rsquo;.
 &nbsp;
 
Next, the seller&rsquo;s lawyers draft a sale agreement (also known as a &lsquo;contract&rsquo;), which, once agreed by both parties, is signed by you and them. The signed sale agreements or contracts are then exchanged between your lawyers
 and theirs. This is known as &lsquo;exchange&rsquo; and means you are legally bound to proceed with the purchase and pay a deposit. 
The next step is to &lsquo;complete&rsquo; on the purchase, at which point you pay the balance of the purchase price and formal documents will be signed and dated, transferring the property from the seller to you. Your proof of ownership, known as &lsquo;title deeds&rsquo;,
 can then be found on the public register at the Land Registry. 
It is important to be aware that there are different types of ownership in the UK. Freehold means you own it completely, and leasehold means there is a time limit on the number of years you will own it for. However, many
 leaseholds are very long (up to 999 years) and freeholds can also be purchased if the freeholder is open to selling it. 
Once you have completed on a property and you become the legal owner of the property, you will be liable for Stamp Duty land tax, which is payable to the Land Registry within 30 days of completion. 
<a href="https://residential.jll.co.uk/#contactus">Get in touch</a> if you are considering buying in the UK for the first time and would like our experts to guide you through this process over the phone. 
-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invest, or own and occupy? 
UK property tax laws can be complex, which makes it crucial to work with estate agents and conveyancing solicitors who can direct you through the process efficiently. 
Depending on whether you decide to invest in UK property to live in (own and occupy) or as an investment (buy to let), the tax implications will be different. 
Since 1st April 2021, UK non-residents purchasing residential property in England and Northern Ireland are required to pay a 2% Stamp Duty surcharge. This is in addition to: 
<ul>
 <li>The 3% Stamp Duty surcharge on purchases of &lsquo;additional&rsquo; dwellings. This could be property you are buying as a second home or as a buy to let property;</li>
 <li>The 15% Stamp Duty rate on property purchases more than &pound;500,000 by companies; and</li>
 <li>The Stamp Duty rate for UK home buyers. -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Do you need UK residency to invest in London prime property? </li>
</ul>
 No, you don&rsquo;t need to be a UK resident to&nbsp;<a href="https://residential.jll.co.uk/prime-collection">buy Prime properties in London</a>, or anywhere else in the UK. Our experts can talk you through the buying process,
 tax implications, expected rental yields for buy to let investors, and much more.&nbsp;<a href="https://residential.jll.co.uk/#contactus">Get in touch</a>.
Share your investment goals with us and our <a href="https://residential.jll.co.uk/prime-collection">Prime Central London property experts</a> can help match you to the right type, value and location of property for your needs.

&nbsp;
<hr />
1&nbsp;<a href="https://www.showhouse.co.uk/news/foreign-buyers-make-up-over-40-of-londons-prime-property-market/">https://www.showhouse.co.uk/news/foreign-buyers-make-up-over-40-of-londons-prime-property-market/</a> 
<a data-sf-ec-immutable=""></a>

Guide to investing in Prime properties London, UK | JLL

An oversea buyer&rsquo;s guide to investing in Prime properties in London, UK

https://res.cloudinary.com/global-cms-assets-np/image/upload/v1664888534/resi/gb/Articles/Images/shutterstock_793935124.jpg

<h3>Are luxury properties in Prime Central London a good investment?
</h3>
Property prices in Prime Central London (PCL) grew 8.1% in the year to February 20221, compared to Hong Kong, where residential property prices declined by 2.9%, to their lowest since January 20212. Hong Kong was also ranked as the
 least affordable housing market
 3 by Demographia, which assesses house prices in relation to income across 92 major housing markets in eight world nations4.
Prime Central London outperforms many major international markets
While house price growth in the UK in the year to February 2022 was strongest in Wales - with growth of 14.2%, <a href="https://residential.jll.co.uk/insights/news/prime-central-london-q1-2022">London property prices</a> continued
 to increase at a strong rate (8.1%) and England&rsquo;s capital city still boasts unrivalled attractions across the six Prime Central London locations.
As well as boasting strong post-pandemic growth, <a href="https://residential.jll.co.uk/prime-collection">Prime Central London real estate</a> has proven to be a less volatile investment than Hong Kong&rsquo;s, for example, during
 periods of financial crisis. According to a recent article, quoting house price drops during the 2008 credit crunch, London property prices dropped 11%, compared to 50% in Hong Kong and 77% in Singapore5.
PCL property prices are strong and growing compared to previous years
Our quarterly research shows that residential property prices in Prime Central London were up 0.6% in Q1 2022, compared to Q4 2021, and achieving prices that are 4.7% more than in Q1 2020. <a href="https://residential.jll.co.uk/prime-collection">Luxury London properties</a> listed for between &pound;2milion and &pound;5million saw particularly strength growth, with sales up 25% year on year.
The figures speak for themselves, but what are the non-financial benefits of investing in London?
The benefits of buying Prime Central London: A quick area overview
When it comes to investing in luxury London property, are you looking to own and occupy or buy to let? Your investment intentions will inform the best area to buy in and the right type of property for you.
Here&rsquo;s a quick area overview of the six Prime Central London locations.
Knightsbridge
Possibly the most iconic of the six Prime Central London locations, Knightsbridge is home to a selection of high-end townhouses, unique mews properties, and luxury flats, all within touching distance of the luxury, opulence, and history of landmarks like
 Harrods, the V&amp;A, and the London Oratory.
Kensington &amp; Chelsea
A designer shopper&rsquo;s paradise, the London Borough of Kensington and Chelsea boasts stunning detached family homes and spacious terraces, all on the doorstep of the high-end boutiques and designer flagship stores lining the Kings Road and Sloane
 Square.

Luxury dining at the Borough&rsquo;s Michelin-starred restaurants (Bibendum, Elystan Street, and Kitchen W8) means you&rsquo;re spoilt for choice when it comes to fine dining. Properties in this area are also walking distance to the Saatchi Gallery, Chelsea
 Physic Garden, and Chelsea Embankment Gardens. Luxury properties in Kensington and Chelsea offer a feeling of space, opulence, and community within Prime Central London.
Mayfair
Featuring high ceilings and a true feeling of space, Mayfair&rsquo;s luxury flats often sit within stunning period properties that have been sympathetically converted to the highest specifications.
New build developments in Mayfair also put you close to some of London&rsquo;s most famous streets, sights, and shopping. From the designer flagship stores along Bond Street and the quintessentially British tailoring on Savile Row, to outdoor living at
 Hyde Park, and fine dining at Claridge&rsquo;s and Browns, owning a property in Mayfair will give you the very best of city London.
Marylebone
London is a collection of distinctive areas, each one boasting a unique character. Marylebone has built up a real village-like feel right at the heart of the action. Its streets are lined with al-fresco dining spots and independent retailers, and with
 fascinating art on show at the Wallace Collection, a Marylebone property is one for food lovers, those in search of unique boutique spots, and art collectors alike.
The area is perfect if you&rsquo;re looking to invest in the best of London period property, updated to the very highest standards for modern living.
Belgravia
Luxury flats and terraced houses on quiet squares, Belgravia&rsquo;s beautiful residential north to south streets connect Hyde Park to Chelsea Embankment, while its east to west properties join up Chelsea and Westminster.
Home to perhaps Peggy Porschen Cakes &ndash; perhaps the London food scene&rsquo;s most Instagrammable exterior, as well as to a whole host of other beautiful, independent boutiques and eateries, Belgravia feels typically London and is popular among working
 professionals with second properties outside of the capital.
Westminster
Westminster is all about incredible views of iconic landmarks. Home to stunning penthouse apartments close to Westminster Abbey, the Houses of Parliament, Buckingham Palace, and St James&rsquo; Park, Westminster offers riverside views and London living
 at its best.
London is the home of luxury living with properties right at the heart of the action. Prime Central London offers the perfect mix of leafy green parks, river views, iconic landmarks, and opulent retail, dining, and cultural experiences, for the discerning
 buyer.

Discuss your property portfolio objectives with our <a href="https://residential.jll.co.uk/prime-collection#enquiry">Prime Central London experts</a> and we will uncover the right luxury property for you. &nbsp;
<hr />
1&nbsp;<a href="https://www.gov.uk/government/news/uk-house-price-index-for-february-2022">https://www.gov.uk/government/news/uk-house-price-index-for-february-2022</a> 
2&nbsp;<a href="https://www.reuters.com/world/asia-pacific/goldman-sachs-expects-hong-kong-home-prices-fall-20-by-end-2025-2022-03-30/">https://www.reuters.com/world/asia-pacific/goldman-sachs-expects-hong-kong-home-prices-fall-20-by-end-2025-2022-03-30/</a> 
3&nbsp;<a href="http://www.demographia.com/dhi.pdf">http://www.demographia.com/dhi.pdf</a>
4The study assesses house prices in relation to income in 92 major housing markets across eight nations &ndash; 1. Australia 2. Canada 3. China 4. Ireland 5. New Zealand 6. Singapore 7. The United Kingdom 8. The United States. <a href="http://www.demographia.com/dhi.pdf">http://www.demographia.com/dhi.pdf</a>5&nbsp;
<a href="https://www.habitatinvestments.co.uk/prime-central-london-remains-one-of-the-best-global-real-estate-investments-it-is-claimed/">https://www.habitatinvestments.co.uk/prime-central-london-remains-one-of-the-best-global-real-estate-investments-it-is-claimed/</a>
<a data-sf-ec-immutable=""></a>

Investing in Prime properties London | JLL

Are luxury properties in Prime Central London a good investment?

https://res.cloudinary.com/global-cms-assets-np/image/upload/v1664884636/resi/gb/Articles/Images/shutterstock_1096649450.jpg

<div>
 Other guides you may be interested in if you&rsquo;re looking for <a href="https://residential.jll.co.uk/search/east-london">houses and flats for sale in East London</a>:
 <ul>
 <li><a href="https://residential.jll.co.uk/insights/opinions/7-boroughs-7-reasons-to-invest-in-east-london-property">7 boroughs, 7 reasons to invest in East London property</a></li>
 <li><a href="https://residential.jll.co.uk/insights/opinions/a-buyer-s-guide-to-east-london-s-parks-and-leisure--facilities">A buyer&rsquo;s guide to East London&rsquo;s parks and leisure facilities</a>
 
 </li>
 </ul>
</div>
<h2>Your East London area guide &ndash; Bars, cafes, restaurants, and experiences</h2><img src="https://residential.jll.ae/images/default-source/agency/broadway-market.jpg?Status=Master&amp;sfvrsn=73af0c9_1" sf-size="100" alt="Broadway Market" />
<div>
 Mare Street, Rivington Street, Hoxton Square, Brick Lane, Kingsland Road&hellip;the more you read about East London, the more these street names and many others will stick in your mind. They are packed full of popular spots for cocktails, adventurous food, and of course, delicious coffee, cakes, and pastries.
 Take a walk along the following streets to find your own hidden gems &ndash; buying a house or flat in East London is a great excuse to explore everything the area has to offer.
</div>
<div>
 Great Eastern Street &amp; Curtain Road, Shoreditch
</div>
<div>
 Cutting right through Shoreditch and lined with weird and wonderful bars, restaurants and experiences, Great Eastern Street and its neighbour Curtain Road (which leads to Old Street to the North) are where many Londoners head for a good time. Relive your childhood with a trip to Ballie Ballerson, a giant ball pit strictly for grown-ups.
 Some say the perfect night out in Shoreditch is dinner at Flat Iron (all about the steak) or Blacklock (all about the chops and cheesecake), followed by drinks and dancing at the Blues Kitchen, which often hosts live music and DJ sets.&nbsp;
</div>
<div>
 When you buy your house or flat in East London you won&rsquo;t need to stay in a hotel, but the nearby Hoxton Hotel is good for the occasional treat, or a leisurely drink if you&rsquo;re feeling an upmarket vibe.
 This is undoubtedly the easiest place to find your vibe in East London.&nbsp;
</div>
<div>
 Ask us about <a href="https://residential.jll.co.uk/offices/estate-agent-stratford"><a href="https://residential.jll.co.uk/search/east-london">houses and flats for sale in East London</a></a> that are
 a short bus ride from these lively streets, including <a href="https://residential.jll.co.uk/search/houses-apartments-for-sale-stratford">Stratford</a> and <a href="https://residential.jll.co.uk/offices/estate-agent-london-city">London City</a>.
 Rivington Street, Shoreditch 
</div>
<div>
 A lively street in East London, Rivington Street is home to some of London&rsquo;s best cocktail bars, including the fun-to-say <a href="https://www.calloohcallaybar.com/" target="_blank">Callooh Callay</a>, where you can just turn up and sample the hilariously named cocktails, or you can book a masterclass and learn to make them yourself.
 Hoxton Square, Shoreditch
 <img src="https://residential.jll.ae/images/default-source/agency/hoxton-sq-.jpg?Status=Master&amp;sfvrsn=1c3d8879_1" sf-size="100" alt="Hoxton Sq " /></div>
<div>
 Everyone loves a city square, and Hoxton Square is about as lively as it gets. <a href="https://www.tonightjosephine.co.uk/find-us/shoreditch/" target="_blank">Tonight Josephine</a>, Happiness Forgets, Nikki&rsquo;s Bar, and <a href="https://colourshoxton.com/" target="_blank">Colours Hoxton</a> are firm favourites with lovers of East London&rsquo;s vibe. In the day, it&rsquo;s a lively square and at night it ups the ante as the crowds pour in and the bars fill up. In the summer, if the weather&rsquo;s decent, it&rsquo;s a bit like being on a city break in Manhattan.&nbsp;
 Brick Lane, Shoreditch and Spitalfields
 <img src="https://residential.jll.ae/images/default-source/agency/brick-lane.jpg?Status=Master&amp;sfvrsn=a577cfa5_1" sf-size="100" alt="Brick Lane" /></div>
<div>
 Be inspired by the street art, kit yourself out in rare vintage finds or new pieces from sample sales regularly held at the <a href="https://www.trumanbrewery.com/" target="_blank">Truman Brewery</a>, and treat yourself to a paper bag full of rainbow bagels. Home to Fashion Week Men&rsquo;s, Brick Lane is great for shopping, food, drinks, and a night out with or without dancing.
 All Star Lanes (ten pin bowling) Big Chill and Monty&rsquo;s Bar are good places to start, before heading to 93 Feet East if you&rsquo;re up for some late-night live music or clubbing. 
 <a href="https://91livingroom.com/" target="_blank" style="font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;">Ninety One Living Room</a> is great for a more intimate vibe.&nbsp;
</div>
<div>
 Just a short walk to Old Street (the street and the Underground station), Brick Lane has a lot to offer and it&rsquo;s easy to get to from just about anywhere.
 Kingsland Road, Dalston<img src="https://residential.jll.ae/images/default-source/agency/jazz.jpg?Status=Master&amp;sfvrsn=6046297e_1" sf-size="100" alt="Jazz" />
 
</div>
<div>
 Untitled Bar, Three Sheets, and <a href="https://brilliantcornerslondon.co.uk/" target="_blank">Brilliant Corners</a> are some of the best spots on Kingsland Road. The latter is also a restaurant, serving up Japanese food and regular live Jazz, for a super cool fusion night out. Dalston Roof Park hits the trend for rooftop chilling with views over the bright lights of London.
 Mare Street, Hackney
</div>
<div>
 Home to Hackney Town Hall, Mare Street is a served by Hackney Central and London Fields Overground stations and boasts Mare Street Market, complete with beer garden and communal seating for enjoying the delicious food on offer.
 On the corner of Mare Street and Westgate Road is a co-working space for creatives with a fantastic rooftop bar and called 
 <a href="https://netil360.com/" target="_blank" style="font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;">Netil360</a> because of its impressive panoramic views over
 East London and beyond. It also serves street food. Make an afternoon of it, with a wander around Netil Market&rsquo;s shops and stalls, just a few minutes&rsquo; walk down Westgate Street.&nbsp;
</div>
<div>
 <a href="https://www.picturehouses.com/cinema/hackney-picturehouse" target="_blank">Hackney Picturehouse</a> cinema shows independent films and it&rsquo;s a great street for vintage finds, with Paper Dress Vintage a firm favourite
 with shoppers looking for something a bit different than the high street has to offer.
 If you love pizza, head to Bohemia Place to find the local&rsquo;s favourite spot.
</div>
<div>
 Broadway Market, Hackney<img src="https://residential.jll.ae/images/default-source/agency/broadway-market4cd866b2-bf3e-448e-b9c7-1ef7dc3bd2f1.jpg?Status=Master&amp;sfvrsn=5b661c16_1" sf-size="100" alt="Broadway Market" /></div>
<div>
 Best known for the market itself, Broadway Market is home to 120 regular stalls, including Crosstown Donuts, <a href="https://www.badbrownie.co.uk/" target="_blank">Bad Brownie</a>, and Broadway Vintage, as well as permanent shops and restaurants, including Londoners&rsquo; favourite pizza spot &ndash; Franco Manca.
 It connects London Fields and Regent&rsquo;s Canal, making it an exciting place for a daytime stroll, followed by a relaxed dinner and drinks in one of the many restaurants and bars. Japanese gem Koya Ko is great for breakfast and lunch, while 
 <a href="https://www.sonorataqueria.com/" target="_blank" style="font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;">Sonora Taquer&iacute;a</a>
 is just round the corner and serves up some of the best Mexican food in London.&nbsp;
 
</div>
<div>
 East London is a mouth-watering mix of vibrant urban spots packed with things to see, markets to wander, places to try world cuisine and originally named cocktails.
 Get in touch with our East London team to find the right area and property for your needs and budget.
</div>

A guide to East London’s bars, cafes, restaurants & experiences

Other guides you may be interested in if you&rsquo;re looking for houses and flats for sale in East London

Other guides you may be interested in if you’re looking for houses and flats for sale in East London

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1655126798/resi/gb/cms/News/Images/Hoxton-Sq-title-image.png

For many people looking to buy in London, affordability and long-term return on investment are high on the list of priorities when it comes to picking a property. Equally important is the location, with many buyers willing to push things like number of
 bedrooms, overall living space, outdoor space, and other criteria down the list to live exactly where they want to live. 
East London has a huge amount to offer for a range of buyers looking for houses or flats for sale. From buy-to-let investors and first-time buyers, to the second stepper and overseas investor &ndash; whoever you are, perhaps buying in East London could
 mean fewer compromises. 
No matter what&rsquo;s top of your &lsquo;must-have&rsquo; list when you&rsquo;re buying a new place, one of East London&rsquo;s seven boroughs will soon feel like home. If you&rsquo;re new to the area, or you want to get to know this area of London better,
 read on, or discover the other guides in our East London buyers&rsquo; guide series:
Other guides you may be interested in if you&rsquo;re looking for <a href="https://residential.jll.co.uk/search/east-london">houses and flats for sale in East London</a>:
<ul>
 <li><a href="https://residential.jll.co.uk/insights/opinions/7-boroughs-7-reasons-to-invest-in-east-london-property">7 boroughs, 7 reasons to invest in East London property</a></li>
 <li><a href="https://residential.jll.co.uk/insights/opinions/a-guide-to-east-london-s-bars-cafes-restaurants-experiences">A guide to East London&rsquo;s bars, cafes, restaurants, and experiences</a></li>
</ul>
Your East London area guide &ndash; Parks &amp; leisure facilities In this guide we walk you through East London&rsquo;s most beautiful parks and outdoor spaces, whether you enjoy taking a leisurely stroll, seeking that next adrenaline
 rush, trying out a new sport, or listening to live music. &nbsp;
Park living for music, sport, and nature lovers East London is so close to Central London and the capital&rsquo;s main routes out to other parts of the UK, yet it&rsquo;s also home to some of London&rsquo;s largest open spaces and
 with them, chances to try new things. All of the following parks are flanked by a unique mix of beautiful and quiet residential streets, village-like communities, vibrant cityscapes, and riverside living, for those who love London in all its diverse
 glory. &nbsp;
Victoria Park, Bow<img src="https://residential.jll.ae/images/default-source/agency/victoria-park.jpg?Status=Master&amp;sfvrsn=1f8396b5_1" sf-size="100" alt="Victoria Park" />
Victoria Park in Bow, also known as Vicky Park and the People&rsquo;s Park, is one of London&rsquo;s most visited parks, welcoming around 9 million visitors each year. Music lovers flock to Victoria Park for the many open-air music festivals held there
 each year, including <a href="https://fielddayfestivals.com/" target="_blank" style="font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;"></a><a href="https://fielddayfestivals.com/" target="_blank" style="font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;">Field Day</a>
 and <a href="https://www.allpointseastfestival.com/" target="_blank" style="font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;"></a><a href="https://www.allpointseastfestival.com/" target="_blank" style="font-family:inherit;font-size:inherit;text-align:inherit;text-transform:inherit;white-space:inherit;word-spacing:normal;">All Points East</a>. 
For the sporty among you, the Victoria Park Community Cricket League organises cricket every evening during the summer and the three-lane cricket net is free for anyone to use. The park is also home to Tower Hamlets Football Club and Victoria Park United
 Football club, Tower Hamlets Cricket Club, Victoria Park Harriers &amp; Tower Hamlets Athletics Club. For families and water lovers, there&rsquo;s a children&rsquo;s play park complete with splash pool.
If you choose to live here, you&rsquo;re about a 12-minute bus ride to Canary Wharf and a 40-minute journey into Central London. 
<a href="https://residential.jll.co.uk/search/east-london">Explore houses and flats for sale in Bow and the East End of London</a>
London Fields, Hackney<img src="https://residential.jll.ae/images/default-source/agency/london-fields.jpg?Status=Master&amp;sfvrsn=53e4bec4_1" sf-size="100" alt="London Fields" />
Around two miles west of Victoria Park is London Fields, complete with Lido, sundeck, and sunbathing area, as well as a large expanse of green open space. For avid basketball players, there&rsquo;s a well-maintained court. It&rsquo;s also a great place
 to start a stroll that&rsquo;ll take you along Regent&rsquo;s Canal and all the way to Angel, if you&rsquo;re feeling energetic!
Hackney Marshes<img src="https://residential.jll.ae/images/default-source/agency/hackney-marshes.jpg?Status=Master&amp;sfvrsn=71523fab_1" sf-size="100" alt="Hackney Marshes" />
Holder of a <a href="https://www.greenflagaward.org/" target="_blank"></a><a href="https://www.greenflagaward.org/" target="_blank">Green Flag award</a>, Hackney Marshes is affectionately known as the home
 of Sunday League football thanks to its impressive number of pitches and excellent changing facilities. But this big green open space in the heart of East London also boasts trails, a bird hide, a conservation area, and much more. And, if you wander
 to the south of the Marshes and cross over the A12 (on foot), you&rsquo;ll find yourself in the Queen Elizabeth Olympic Park. 
<a href="https://residential.jll.co.uk/search/east-london">Explore houses and flats for sale in Hackney</a>
Queen Elizabeth Olympic Park, Stratford<img src="https://residential.jll.ae/images/default-source/agency/qe-olympic-park.jpg?Status=Master&amp;sfvrsn=6fb81e01_1" sf-size="100" alt="QE Olympic Park" />
Walk for around 15 minutes the other way from Victoria Park, to the East, or stroll through Hackney Marshes and you&rsquo;ll find the Queen Elizabeth Olympic Park. Built for the London 2021 Olympic Games, us mere mortals can now try out
 a range of exciting sports within the iconic Olympic venues dotted about the Park. It&rsquo;s also a lovely place for a leafy stroll, with the option to stop for a breather at one of the many restaurants, cafes, and kiosks on the Park, and in the
 venues. 
Choose from: <a href="https://www.bargeeast.com/" target="_blank"></a><a href="https://www.bargeeast.com/" target="_blank">Barge East</a> &ndash; a floating restaurant on an old converted Dutch barge;
 <a href="https://hereeast.com/" target="_blank"></a><a href="https://hereeast.com/" target="_blank">Here East</a> &ndash; an innovation park that&rsquo;s home to six restaurants; the <a href="http://www.eastvillagelondon.co.uk/"></a><a href="http://www.eastvillagelondon.co.uk/">East Village</a> (formerly the Athlete&rsquo;s Village) &ndash; with 13 eateries to choose from; the <a href="https://www.internationalquarter.london/" target="_blank"></a><a href="https://www.internationalquarter.london/" target="_blank">International Quarter</a> &ndash; the Park&rsquo;s new business district and boasting seven places to sit, eat, and relax dotted around 560 acres of open space; and the street food hall at <a href="https://hackneybridge.org/hackneybridgekitchens"></a><a href="https://hackneybridge.org/hackneybridgekitchens" target="_blank">Hackney Bridge Kitchens</a> &ndash; complete with nine independent food traders. 
Connected to just about everywhere in London by <a href="https://residential.jll.co.uk/insights/news/crossrail-may-2022"></a><a href="https://residential.jll.co.uk/insights/news/crossrail-may-2022">Crossrail</a> (the Elizabeth Line), and the Jubilee, Central, DLR, Overground, and National Rail services, Stratford is a no-brainer for those who want to be well served locally and well connected to the rest of London and the South East. 
<a href="https://residential.jll.co.uk/search/east-london">Explore houses and flats for sale in Stratford</a>
Walthamstow Wetlands Nature Reserve, London Wildlife Trust<img src="https://residential.jll.ae/images/default-source/agency/walthamstow-wetlands.jpg?Status=Master&amp;sfvrsn=f4cc02fa_1" sf-size="100" alt="Walthamstow Wetlands" />
From bushcraft and Forest School, to exhibitions, and simply a beautiful place to relax, unwind and reconnect with nature, the <a href="https://www.wildlondon.org.uk/walthamstow-wetlands-nature-reserve" target="_blank"></a><a href="https://www.wildlondon.org.uk/walthamstow-wetlands-nature-reserve" target="_blank">Walthamstow Wetlands Nature Reserve</a> in, well, Walthamstow, is home to 2km of cycle path and multiple species of rare bird, bats, and amphibians. You&rsquo;ll forget you&rsquo;re in buzzing East London and
 only 15 minutes from Central London. 
<a href="https://residential.jll.co.uk/search/east-london">Explore houses and flats for sale in Walthamstow</a>
Wanstead Flats and Wanstead Park<img src="https://residential.jll.ae/images/default-source/agency/wanstead-park.jpg?Status=Master&amp;sfvrsn=70b68d85_1" sf-size="100" alt="Wanstead Park" />
Two beautiful open spaces that locals agree are great for dog walking, horse-riding, cycling and strolling, in all weathers. Woods, rivers, lakes, caf&eacute;, and a temple &ndash; it&rsquo;s a great place to explore for the active and
 families with young children. It&rsquo;s just 35 minutes from Wanstead to Charing Cross by tube (London Underground), meaning you&rsquo;ll have great parks and many other amenities on your doorstep, and Central London at your fingertips.
<a href="https://residential.jll.co.uk/search/east-london">Explore houses and flats for sale in Wanstead</a>
<a href="https://residential.jll.co.uk/offices/estate-agent-stratford"></a><a href="https://residential.jll.co.uk/offices/estate-agent-london-city">Get in touch with our East London team</a> to find the
 right area and property for your needs and budget. We&rsquo;ve got a great range of <a href="https://residential.jll.co.uk/search/houses-apartments-for-sale-stratford"></a><a href="https://residential.jll.co.uk/search/east-london">houses and flats to buy in East London</a> and the local knowledge to accurately match you with your perfect property.

A buyer’s guide to East London’s parks and leisure facilities

For many people looking to buy in London, affordability and long-term return on investment are high on the list of priorities when it comes to picking a property.&nbsp;

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1655122836/resi/gb/cms/News/Images/Hackney-Marshes-tile-image-488x144.jpg

JLL&rsquo;s latest Living Priorities Survey.
What we want from our homes is constantly evolving. Both the pandemic and rising energy costs means households are again re-evaluating their priorities. 
To better understand what buyers want in today&rsquo;s market, and how this might change in the future, we contacted potential buyers registered with JLL to hear their thoughts. 
Electric cars &ndash; a lesson for the housing market? 
Within a short space of time, we have seen a rapid shift in motorists&rsquo; willingness to adopt electric vehicles in a bid to lower their environmental impact. Could we see this positive approach to environmental sustainability feed through into our homes? <img src="https://residential.jll.ae/images/default-source/agency/graphical-image-1-insights.png?Status=Master&amp;sfvrsn=47d153a5_1" sf-size="100" alt="" />
New JLL research from our latest Living Priorities survey, explores the change in the proportion of people who expect to be driving an electric or hybrid vehicle in the future. At present, just 8% of respondents drive an electric or hybrid car, versus
 43% petrol or diesel. However, when asked about their next vehicle the survey results show a greater appetite for electric vehicles, with almost 70% expecting to drive an electric or hybrid car in the future, versus just 9% for petrol or diesel.
What&rsquo;s driving the push towards more energy efficiency homes?
For most, our homes will be the largest investment we make in our lives. Our survey has found that a larger number of people are now placing even more importance on the environmental impact of their home. Undeniably, reducing the running costs of a home
 is the key motivator for most, however many people are also increasingly aware that there is a desire to become more socially responsible. Almost two thirds of our respondents said that achieving a lower carbon footprint was important to them.
<img src="https://residential.jll.ae/images/default-source/agency/grpahical-image-2-insights.png?Status=Master&amp;sfvrsn=36e05bc6_1" sf-size="100" alt="" />
 70% of respondents viewed the energy efficiency and running costs of their home as more important now versus pre-pandemic. Back in April, we explored <a href="https://residential.jll.co.uk/insights/news/jll-could-new-home-demand-rise-as-energy-prices-soar"><a href="https://residential.jll.co.uk/insights/news/jll-could-new-home-demand-rise-as-energy-prices-soar">what the rising energy costs meant for UK homes</a></a>.
 JLL research found that the lifting of the energy price cap could result in the average band G home experiencing an increase in bills of over &pound;1,700 per annum, an extra &pound;3,246 more per annum than the average home in bands A-C. It is
 therefore unsurprising perhaps, that 82% of respondents voted a &lsquo;saving on energy bills&rsquo; as the reason why the environmental sustainability of their home is important to them.
 Are purchasers willing to pay more?
 Over half of respondents (57%) would be prepared to pay a premium for a more environmentally friendly home. Of those who said &lsquo;yes&rsquo;, half would pay just up to 5%. In total, 83% of those who would pay a premium, would be prepared to pay
 up to 10% more for an environmentally friendly home.&nbsp;<img src="https://residential.jll.ae/images/default-source/agency/grpahical-image-3-insights.png?Status=Master&amp;sfvrsn=fc72dafe_1" sf-size="100" alt="" />
 So, what does this mean for our homes in the future, particularly the new homes sector?
 Rising energy costs have undoubtedly pushed energy efficiency up the list of importance for homeowners. But whether they are driven purely by costs, social responsibility or likely a combination of both, what is clear is that buyers will be taking
 energy consumption into consideration more, when looking for homes in the future. 
 80% of our respondents said that the environmental impact of their home will be either crucial or important in their next move, with the number of people willing to purchase a new home, if it meant improved environmental efficiency, rising from 51%
 from their last move, to 78% going forward. 
 With purchasers becoming more environmentally aware and the potential for more sustainable homes to command a premium, the new homes market should be well placed to benefit.&nbsp; Analysis of EPC ratings for UK homes shows 83% of new build properties
 boast an EPC rating of A or B, versus just 3% for existing stock.
 The JLL Living Priority Survey 2022 was conducted in May 2022 with a total of 104 respondents. 
 Disclaimer: &copy; 2022 Jones Lang LaSalle IP, Inc. All rights reserved.Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as to the accuracy, completeness or suitability of the whole or any part of the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. JLL, its officers, employees shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right to pursue criminal and civil action for any unauthorized use, distribution or breach of such intellectual property.

Are buyers waking up to the benefits of a more environmentally friendly home?

A first glance at JLL&rsquo;s latest Living Priorities Survey

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1655188461/resi/gb/cms/News/Images/GettyImages-735934791-488x144.jpg

The 2020/21 pandemic race for space outside of London is no secret, but while there will always be people who move to suburbia, there will always be the pull of East London in all its cultural, diverse, exciting, commutable glory, too. In fact, in the
 first half of 2022, 30% of London rental properties went to people who were previously living outside of the city<a href="https://www.bloomberg.com/news/articles/2022-05-15/the-great-london-property-exodus-is-in-reverse-as-tenants-return" name="_ednref1" target="_blank">[i]</a>.
 
<h2>Why East London?</h2>
East London is made up of seven boroughs, each with its own distinct centres: 
<ol>
 <li>Barking and Dagenham &ndash; Barking and Chadwell Heath</li>
 <li>Hackney &ndash; Dalston, Shoreditch and Stoke Newington</li>
 <li>Havering &ndash; Romford and Upminster </li>
 <li>Newham &ndash; Stratford, Woolwich, and Canning Town</li>
 <li>Redbridge &ndash; Wanstead and Hainault</li>
 <li>Tower Hamlets &ndash; Canary Wharf, Bethnal Green, Whitechapel and Spitalfields </li>
 <li>Waltham Forest &ndash; Walthamstow, Chingford, and Leytonstone
 </li>
</ol>
Each with its own personality and prospects, here are seven reasons to invest in the new <a href="https://residential.jll.co.uk/offices/estate-agent-stratford"></a><a href="https://residential.jll.co.uk/search/east-london">East London houses and flats for sale</a> across its boroughs. 
<ol>
 <li>Slow-rising prices in the short term

 In good news for investors in residential <a href="https://residential.jll.co.uk/search/homes-for-sale-canary-wharf"></a><a href="https://residential.jll.co.uk/search/east-london">East London property</a>,
 the 2021/2022 Stamp Duty holiday meant a lot of people looked to buy, but many didn&rsquo;t find the right property and therefore didn&rsquo;t put their properties on the market either. As the holiday ended and Omicron cases settled, the uptick
 in supply meant a smaller price increase than was perhaps expected, making now a good time to browse houses and flats for sale in East London. 
 </li>
 <li>Strong price predictions in the longer term <img src="https://residential.jll.ae/images/default-source/agency/east-london-river163a4a7c-2a15-4dd9-9bc1-9e422baf7795.jpg?Status=Master&amp;sfvrsn=222faa35_1" sf-size="100" alt="EAST LONDON RIVER" />
 Overseas investors travelling again. Professionals returning to the office. First-time buyers wanting the job opportunities, social prospects, and unrivalled cultural diversity that London can offer&hellip; All these things mean London property
 prices will likely always be higher than those outside the capital. 
 However, property prices also tend to increase at a faster rate in the longer term compared to the rest of the UK, making for potentially excellent investments for both residential buyers and buy-to-let investors. This is particularly true of
 houses and flats to buy in East London, an area that offers both its own set of reasons to invest and is a short commute into Central London for the best of two worlds. 
 With people flocking back to London for lifestyle reasons<a href="https://www.bloomberg.com/news/articles/2022-05-15/the-great-london-property-exodus-is-in-reverse-as-tenants-return" target="_blank" name="_ednref2">[ii]</a> &ndash; a lot of people missed London&rsquo;s attractions while the capital was shut down as part of COVID-19 restrictions &ndash; not just because they&rsquo;re being brought back to the office, East London presents an exciting opportunity
 for residential buyers and investors. 
 </li>
 <li>East London offers a lot within its borders, and is an easy commute to Central London <img src="https://residential.jll.ae/images/default-source/agency/startford-station.jpg?Status=Master&amp;sfvrsn=82446884_1" sf-size="100" alt="STARTFORD STATION" />
 Packed with restaurants, bars, shops, and sports facilities, East London has everything within its boroughs&rsquo; boundaries, but also boasts transport links that make it easy and quick to commute or travel into Central London. 
 From the Olympic Park, nearby Hackney Marshes, and 11 Michelin star restaurants<a href="https://london.eater.com/maps/michelin-star-restaurants-london" name="_ftnref1" target="_blank">[1]</a>,
 to huge London landmarks like the Tower of London and the O2 Arena, more than 14 rooftop bars, luxury shops and a plethora of vintage stores, East London has so much on offer for every interest. 
 Depending where in East London you decide to buy, the commute to London Bridge is around 20-45 minutes on the London Underground. 
 </li>
 <li>East London is home to finance, banking, and tech

 The famous towers of <a href="https://residential.jll.co.uk/search/homes-for-sale-canary-wharf"></a><a href="https://residential.jll.co.uk/search/homes-for-sale-canary-wharf">Canary Wharf</a> in
 East London house some of the world&rsquo;s biggest banks, financial institutions and tech companies, making it a great place for professionals to buy and rent. A community has sprung up around these impressive office buildings, with river
 boat rides, roof top bars, crazy golf, green spaces, and much more. <img src="https://residential.jll.ae/images/default-source/agency/canary-wharf.jpg?Status=Master&amp;sfvrsn=f9a84ca9_1" sf-size="100" alt="CANARY WHARF" /></li>
 <li>East London boasts new builds in locations packed with history 

 With demand for outdoor space and layouts and facilities conducive to flexible working at an all-time high, East London new build flats and houses in East London are an exciting option for residential buyers and investors. 
 From flats with boardwalk access, balcony gardens, and views of the Thames, to new build developments with penthouse apartments, private spa and gym facilities, and houses with generous gardens, the choice of property types is as varied as the
 area&rsquo;s cultural heritage. 
 The ports of East London have made the area a melting pot of cultures and skills, making it the home of rapid industrialisation during the Victorian era and influencing the architecture and atmosphere you see there today. <img src="https://residential.jll.ae/images/default-source/agency/canary-wharf1c167063-4f22-4f81-bda7-e7a4b9722012.jpg?Status=Master&amp;sfvrsn=7b748c37_1" sf-size="100" alt="Canary Wharf" /></li>
 <li>Good rental demand

 Buying a house or flat in East London for rental purposes is a smart move, with the area home to four universities - Queen Mary University of London, the University of East London (UEL), UCL East, and London South Bank University (LSBU). And to
 three major hospitals &ndash; the Royal London Hospital, King George Hospital, and Queen&rsquo;s Hospital. Students, medical professionals, and city workers all buoy the rental market in East London. 
 </li>
 <li>Barking and Dagenham is significantly cheaper than Central London

 With average house prices in Barking and Dagenham sitting at just over &pound;300,000, compared to &pound;677,110<a href="file:///C:/Users/dipanshu.sharma/Downloads/JLL%20-%20Prime%20-%20Content%20-%20Web%20-%20East%20London%20-%20Page%201%20-%2024.05.2022.docx#_edn3" name="_ednref3">[iii]</a> across all boroughs, it&rsquo;s an attractive prospect for investors and residential buyers looking for somewhere commutable and in the throes of massive regeneration. It&rsquo;s
 around 15 minutes by train from Barking to Fenchurch Street, making the commute for work or pleasure an easy one. 
 There&rsquo;s a huge variety of flats and houses to buy in East London, from new builds in Barking, to penthouse apartments and buy-to-let properties near Canary Wharf. Browse the <a href="https://residential.jll.co.uk/offices/estate-agent-stratford"></a><a href="https://residential.jll.co.uk/search/east-london">JLL Residential East London portfolio</a> and <a href="https://residential.jll.co.uk/#contactus"></a>
 <a href="https://residential.jll.co.uk/#contactus">get in touch</a> for help narrowing your search. [1] <a href="https://london.eater.com/maps/michelin-star-restaurants-london" target="_blank">https://london.eater.com/maps/michelin-star-restaurants-london</a>[i] <a href="https://www.bloomberg.com/news/articles/2022-05-15/the-great-london-property-exodus-is-in-reverse-as-tenants-return" target="_blank">https://www.bloomberg.com/news/articles/2022-05-15/the-great-london-property-exodus-is-in-reverse-as-tenants-return</a> [ii] <a href="https://www.bloomberg.com/news/articles/2022-05-15/the-great-london-property-exodus-is-in-reverse-as-tenants-return" target="_blank">https://www.bloomberg.com/news/articles/2022-05-15/the-great-london-property-exodus-is-in-reverse-as-tenants-return</a> [iii] <a href="https://www.standard.co.uk/homesandproperty/property-news/london-house-prices-april-rise-boroughs-record-property-market-b995773.html" target="_blank">https://www.standard.co.uk/homesandproperty/property-news/london-house-prices-april-rise-boroughs-record-property-market-b995773.html</a>
 
 

 </li>
</ol>

7 boroughs, 7 reasons to invest in East London property

The 2020/21 pandemic race for space outside of London is no secret, but while there will always be people who move to suburbia, there will always be the pull of East London in all its cultural, diverse, exciting, commutable glory, too.

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1655125588/resi/gb/cms/News/Images/SKYLINE-tile-488x144.jpg

Our latest research reviews how a positive start to 2020 was stopped in its tracks by the global coronavirus pandemic.<img alt="" src="https://residential.jll.ae/images/uaelibraries/default-album/prime-central-london-q1-2020.jpg?Status=Master&amp;sfvrsn=858d83d8_1" sf-size="100" />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.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.Want the full picture on Prime Central London&rsquo;s sales and lettings markets? Visit our Residential UK Research page to download the full report&nbsp;<a href="https://residential.jll.co.uk/insights/research/prime-central-london-q1-2020?utm_source=jll-resi-mena-site-referral&amp;utm_medium=referral&amp;utm_campaign=em-ae-resi-website" target="_blank">here</a>.&nbsp;<div></div>

Prime Central London Q1 2020

prime-central-london-q1-2020

Our latest research reviews how a positive start to 2020 was stopped in its tracks by the global coronavirus pandemic.

prime-central-london-q1-2020-488x195

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1682420177/resi/gb/cms/News/Images/UAE/prime-central-london-q1-2020-488x195.jpg

The future of office space will see demand driven by remote working, workplace design, technology and commuting patterns. Corporates in the UAE are consolidating their operations and implementing cost-reduction measures, with current demand focused on
 smaller office space of less than 1,000 square metres.<img alt="" src="https://residential.jll.ae/images/uaelibraries/default-album/the-uae-real-estate-market-q2-2020.jpg?Status=Master&amp;sfvrsn=c1ef75a_1" sf-size="100" /><div data-mediatype="1">Visit out JLL Research page&nbsp;<a href="https://www.jll-mena.com/en/trends-and-insights/research/the-uae-real-estate-market-q2-2020?utm_source=jll-resi-site-referral&amp;utm_medium=referral&amp;utm_campaign=em-ae-resi-website" target="_blank">here</a>&nbsp;to
 find out more.</div>

The UAE Real Estate Market – Q2 2020

the-uae-real-estate-market-q2-2020

The future of office space will see demand driven by remote working, workplace design, technology and commuting patterns. Corporates in the 

the-uae-real-estate-market-q2-2020-488x195

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1682421305/resi/gb/cms/News/Images/UAE/the-uae-real-estate-market-q2-2020-488x195.jpg

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.<img alt="" src="https://residential.jll.ae/images/uaelibraries/default-album/jll-european-living-investor-survey-(1).jpg?Status=Master&amp;sfvrsn=3f21d306_1" sf-size="100" />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.Living is now the&nbsp;second largest&nbsp;real estate sector in Europe, accounting for&nbsp;&euro;73bn&nbsp;of investment across the continent in 2019.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.Our recent findings demonstrate that appetite for Living investment continues to grow across the continent and sub-sectors, with investors focusing on sustainable assets.This year&rsquo;s survey brings further transparency of the challenges and opportunities in this market, enabling investors to make informed decisions.<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>&nbsp;<h2>Covid-19</h2>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.Download the full report at our UK Residential site&nbsp;<a href="https://residential.jll.co.uk/insights/research/european-living-investor-survey-2020?utm_source=jll-resi-mena-site-referral&amp;utm_medium=referral&amp;utm_campaign=em-ae-resi-website" target="_blank">here</a>.&nbsp;

JLL European Living Investor survey

jll-european-living-investor-survey

Our latest European Investor Survey, supported by Aberdeen Standard Investments, analyses the investor appetite for the Living asset class (

jll-european-living-investor-survey-488x195

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1682496370/resi/gb/cms/News/Images/UAE/jll-european-living-investor-survey-488x195.jpg

Our UK Living Capital Markets Bulletin provides an update on the Living sectors (exploring the student housing, coliving, multifamily and later living markets), reflecting on the impact of Covid-19 so far and looking forward to the rest of the year.<img alt="" src="https://residential.jll.ae/images/uaelibraries/default-album/q2-uk-living-capital-markets-bulletindb0c11ed-c00c-469c-b5a4-210a18a778d8.jpg?Status=Master&amp;sfvrsn=4a597e72_1" sf-size="100" />After 100 days of lockdown due to Covid-19, the first steps towards the process of recovery are now being taken. While the social and economic impact of the pandemic has been severe, the reduction in social distancing measures and relaxation of other
 guidelines are a welcome return to some degree of normality. In the face of widespread disruption and many challenges, the Living sectors have performed well in recent months. With uncertainty clearing, we anticipate a strong increase in activity
 and demand across these markets over the rest of the year. Download the full report at our UK Residential site <a href="https://residential.jll.co.uk/insights/research/q2-2020-uk-living-capital-markets-bulletin?utm_source=jll-resi-mena-site-referral&amp;utm_medium=referral&amp;utm_campaign=em-ae-resi-website" target="_blank">here</a>.&nbsp;

Q2 UK Living Capital Markets Bulletin

q2-uk-living-capital-markets-bulletin

Our UK Living Capital Markets Bulletin provides an update on the Living sectors (exploring the student housing, coliving, multifamily and la

q2-uk-living-capital-markets-bulletin-488x195

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1682509136/resi/gb/cms/News/Images/UAE/q2-uk-living-capital-markets-bulletin-488x195.jpg

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.
<div><img src="https://residential.jll.ae/images/uaelibraries/default-album/stamp-duty-tax-holiday-should-trigger-stronger-than-anticipated-bounce-in-house-demand9c96bf20-5d9f-405b-bf57-344a4075ed37.jpg?Status=Master&amp;sfvrsn=a298bc56_1" sf-size="100" alt="" /></div>
<h2>Stamp duty holiday</h2>
Government 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.
<h2>The green recovery</h2>
Assisting 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. 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.

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

Impact of the Covid-19 pandemic on UK economic growth and business activity is undeniable, but the stimulus measures announced today will be

stamp-duty-tax-holiday-should-trigger-stronger-than-anticipated-bounce-in-house-demand-488x195

https://res.cloudinary.com/jll-global-olm-np/image/upload/v1682509535/resi/gb/cms/News/Images/UAE/stamp-duty-tax-holiday-should-trigger-stronger-than-anticipated-bounce-in-house-demand-488x195.jpg

Restrictions lift but rising rates could temper demand amongst some potential buyers 
The Bank of England continues to walk a challenging tightrope, one which some say it stepped onto too late. Global economies continue to struggle with rising inflation, a combination of demand returning following the lifting of covid restrictions alongside
 the implications on food and fuel costs following the war in Ukraine. The Bank of England alongside many global banks is responding by increasing rates in an attempt to counter inflation. &nbsp;
For borrowers, the first week of August provided mixed news. On the first the Bank scrapped the requirement for lenders to impose additional affordability tests on borrowers, announced back in June. But days later, the Bank followed this with further
 increases in the base rate. It has to be said this wasn&rsquo;t a complete surprise, as those in the market were preparing themselves for the prospect of further rises this summer.&nbsp;
On 4th August the Bank announced the first half point rise in 27 years.&nbsp; MPC members voted 8-1 in favour of increasing the base rate to 1.75%<img src="https://residential.jll.ae/images/default-source/agency/microsoftteams-image-(2).png?Status=Master&amp;sfvrsn=8b3f4186_1" sf-size="100" alt="" />
Of course, in the longer term the intention of this rate rise is to curb inflation, but in the short-term households are facing significant increases in the cost of living driven by food and fuel alongside wage rises which in many cases are not keeping
 pace with household expenditure. &nbsp;
For mortgaged owner occupiers the proliferation of fixed rates loans will add some comfort. In Q1 2022 82% of outstanding mortgage debt was on fixed rates, up from less than a third a decade earlier. But for those looking to buy or re-mortgage recent
 rate rises will mean they pay more. Prior to the August interest rate rise the effective mortgage rate hit 2.15% at the end of June. Up from a low of 1.50% at the end of November 2021 and back to levels last seen in November 2016.&nbsp;
But there hasn&rsquo;t been a seismic shift for many borrowers coming out of longer-term fixed rates, who would not have benefited from the record low rates in 2021. Effective rates for those coming out of a five-year fix in June 2022 (2.15%) only marginally
 higher than in June 2017 (2.05%). Albeit those exiting fixed rates in the coming months will experience a wider gap following the 4th August announcement.<img src="https://residential.jll.ae/images/default-source/agency/microsoftteams-image-(1).png?Status=Master&amp;sfvrsn=d71d87ba_1" sf-size="100" alt="" />
 
 
 
Lifting restrictions
Earlier in the same week, on 1st August, the Bank removed the requirement for lenders to impose an affordability test, which required lenders to assess whether potential borrowers would be able to afford an interest rate hike equivalent to 3%. Which as
 interest rates rise would have meant much tighter affordability criteria for borrowers.
The Loan to Income (LTI) threshold, the more meaningful measure for most borrowers remains.&nbsp; With lenders limited on the number of loans they can issue at more than 4.5X income.&nbsp;
What will this mean for the housing market?
In recent months the UK housing market has continued to defy gravity. Significant increases in energy costs and rising inflation have been with us for some time now, yet house prices have so far appeared immune to rising costs elsewhere in the economy.&nbsp;
 The latest figures from the Nationwide Index show prices nationally rose 11% in June 2022, with regional growth of between 6.0% in London and 14.7% in South West. There are some signs that levels of demand are slowing, but few are reporting price
 falls and agents continue to see demand outstripping supply.
It would be na&iuml;ve to assume rising interest rates will not have some impact on the market. But in the short term it is possible that we will not see as significant an impact as one might expect.&nbsp;
Not all households are being impacted equally.&nbsp; Research by the Institute of Fiscal Studies suggested the poorest 10% of households experienced CPI inflation three percentage points higher than the richest 10%, due in part to these households spending
 a higher proportion of their income on energy and food. It is likely that those households where rising living costs bite the hardest are either renting their homes or are not in a position to move.&nbsp;
Indeed, this could mean we see prices rise further as more affluent households with a larger financial buffer, who usually buy more expensive properties, make up a higher proportion of transacting households.&nbsp;
Where we could see rising costs (living and debt financing) impact most significantly is on transaction volumes. But this too is far from certain, with some households potentially looking to purchase now, anticipating further rate rises or looking to
 take advantage of schemes like Help to Buy. It is also important to remember that 30% of purchases nationally were cash.
Looking ahead
Over the next six months we expect the sustained double-digit growth in prices we&rsquo;ve experienced so far in 2022 will recede as the market settles. But it is important to state that this is expected to be a slowing of growth not a fall in prices.&nbsp;
While some households will be deterred from moving due to higher rates, others will be keen to lock in at current (albeit higher) rates rather than risk further rate rises in the months to come.&nbsp; The ending of the government backed Help to Buy scheme
 in March 2023 also means that we could see a flurry of deals from first time buyers keen to take advantage of the scheme before it closes.&nbsp;
In the longer-term higher interest rates will of course be a barrier to some households. This combined with the end of Help to Buy will undoubtedly impact on first time buyer&rsquo;s ability to enter the market.&nbsp; With higher borrowing costs, rises
 in the cost of living and recent house price appreciation all acting as barriers.&nbsp; Conversely, we expect existing owner occupiers, particularly those buying with cash will increase as a proportion of sales.
Marcus Dixon &ndash; Director of Residential Research at JLL comments:
&ldquo;The UK is not alone in experiencing high rates of inflation, with the Bank of England reacting in the same way as many global banks in imposing multiple rate rises. For households this comes at a difficult time as the cost-of-living squeeze erodes households disposable incomes and adds a layer of uncertainty on future outgoings.&nbsp;
&ldquo;For the housing market the removal of the affordability stress test will add some wriggle room for purchasers and lenders alike, but we expect rate rises alongside and imbalance between wage rises and living costs will combine to deter activity amongst first time buyers and more financially exposed home movers.&rdquo;&nbsp;
 

&nbsp;
 
 
 
 
 
 
About JLL | August 2022
JLL is a leading global professional services firm specialising in real estate and investment management, with $16.6bn annual revenue in 2020, operations in over 80 countries and a global workforce of over 90,000.&nbsp; With over 7,000 employees and 15
 offices in the UK, we support our investor, developer and occupier clients at every stage of the property lifecycle across both commercial and residential asset classes. This includes land purchase, access to capital, planning, development advisory,
 leasing, building management and sales.&nbsp;
JLL&rsquo;s Residential and Living team consists of over 300 professionals who provide a comprehensive end-to-end service across all residential property types, including social housing, private residential, build to rent, co-living, later living, healthcare
 and student housing.&nbsp;
 
Disclaimer: &copy; 2022 Jones Lang LaSalle IP, Inc. All rights reserved.
Data within this report is based on material/sources that are deemed to be reliable and has not been independently verified by JLL. JLL makes no representations or warranties as to the accuracy, completeness or suitability of the whole or any part of
 the report which has been produced solely as a general guide and does not constitute advice. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of JLL. JLL, its officers, employees
 shall not be liable for any loss, liability, damage or expense arising directly or indirectly from any use or disclosure of or reliance on such report. JLL reserves the right to pursue criminal and civil action for any unauthorized use, distribution
 or breach of such intellectual property.