The Vauxhall, Nine Elms and Battersea areas are known as the fastest changing neighbourhood in Zone 1 and set to come of age in 2021.Battersea Power Station would not only deliver around 250 residential units. It would also become Central London&rsquo;s third largest shopping destination. The area promises 20,000 employment opportunities and expectancy of 40 million visitors a year.Companies like Apple are building its 500,000 sq ft office space in 2021.JLL&rsquo;s latest forecast have shown that there would be a 19% sales price growth and 18% rental growth in the next five years. The significant increase in rental growth is attributed to the key transport facilities including the Northern line extension
 in second half of 2021.In the last five years, 4,996 private new build units have been completed. Around 4,810 units are currently under construction with 8,105 units in the development pipeline. The plans also include another 900 private units in the hitherto undeveloped Oval
 area.Residential unit prices are the highest in Albert Embankment, ranging from &pound;1,300 to &pound;1,800 psf. On average, residential units in Nine Elms and Vauxhall would be priced around &pound;1,000 to &pound;1,600 and &pound;1,100 - &pound;1,600 psf
 respectively.Educational universities in these uprising areas include Lambeth College, Royal College of Art, South Chelsea College, London School of Economics, CASS Business School, Imperial College London, Kings College London and London Metropolitan University.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1586246858/olmwebcontents/ip/prod/egywhqmoszpc5basx0f0.jpg" width="644" />&nbsp;Featured ProjectsEmbassy Gardens&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1586247042/olmwebcontents/ip/prod/obgcjwenebhotpuqwh1g.jpg" width="644" />&nbsp;Embassy Gardens is located in Nine Elms Lane, London SW8. The residential building comprises approximately 15 acres and would deliver up to 2,000 new homes plus office and flexible work space, new leisure facilities, 130,000 ft&sup2; of retail, bar and
 restaurant space including a new Waitrose supermarket. Phase 1 comprises of 3 buildings and approximately 600 units. The building is expected to be completed in year 2021.&nbsp;Prince of Wales Drive&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1586247167/olmwebcontents/ip/prod/gooqptyvgmsle43mmy4d.jpg" width="644" />&nbsp;Prince of Wales Drive is a large development with multiple buildings. Set within 2.5 acres of beautiful landscaped gardens, these spacious apartments offers state-of-the-art residents' facilities including a 17m pool, sauna, steam room, resident&rsquo;s
 roof terrace, 24-hour concierge and secure basement parking. The development is close in proximity to Battersea Park and existing transport connections at Battersea Park and Queenstown Road. Other benefits include the Northern Line extension and the
 future progression of the Nine Elms area.&nbsp;Batterseas Power Station&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1586247523/olmwebcontents/ip/prod/u9w0edl0svltieznd8ec.jpg" width="644" />&nbsp;The iconic Grade II* listed Battersea Power Station building and surrounding area is being brought back to life as one of the most exciting and innovative mixed-use neighbourhoods in the world &ndash; a place for locals, tourists and residents to enjoy
 a unique blend of restaurants, shops, parks and cultural spaces. The neighbourhood has been carefully curated to be a thriving quarter right on the River Thames. The vibrant Circus West Village already features world-class bars and restaurants, interspersed
 with the finest British and global retail brands. The addition of Electric Boulevard looks set to create an irresistible shopping and leisure destination. The new Zone 1 Northern Line Extension would be a gateway to ensure Battersea Power Station
 is well connected to the whole of London.&nbsp;The Dumont&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1586247535/olmwebcontents/ip/prod/blgqfyyrtcbrq8ox33hb.jpg" width="644" />&nbsp;The Dumont is a new landmark residential development, comprised of a mixture of apartments and penthouses. Located on the Albert Embankment, The Alta Collection is an exclusive portfolio of 4 bedroom homes within The Dumont framed by open living spaces
 to showcase the far-reaching waterside views towards Chelsea, Battersea, the City and The Houses of Parliament. Completing in Spring 2020, the homes would provide a sanctuary on the banks of the River Thames. Residents will benefit from a plethora
 of nearby famous landmarks including Tate Britain, Palace of Westminster and South Bank. The Clairmont is one of the most enviable homes in The Dumont, with access to its own jacuzzi and outdoor kitchen to provide the perfect outdoor entertaining
 space with direct river views. This Zone 1 location is within a short walking distance to Vauxhall national rail station and underground station connecting residents to the City and West End. For a more scenic route into central London, the Thames
 Clipper is accessible from Vauxhall St George Wharf Pier.For more information about residential developments in Vauxhall, Nine Elms and Battersea, you may contact JLL International Residential at +603 2260 0700 or&nbsp;<a href="mailto:Wong.Christine@ap.jll.com">Wong.Christine@ap.jll.com</a>.

London Zone 1: Updates on Vauxhall, Nine Elms & Battersea

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UK GDP growth is expected to be around 1.5% in 2019. Greater political certainty will instil renewed confidence to UK businesses and consumers leading to improved housing markets. Residential markets however will take time to pick themselves up from current
 lows. JLL&rsquo;s housing market forecasts predict a steady recovery, with some London markets receiving an additional bounce back boost.&nbsp;Highlights include:&bull;&nbsp;The pound sterling currency is expected to strengthen by end of 2019.&bull;&nbsp;Jobs and earnings growth is forecast to return to a more normal rate of 4.0% pa.&bull;&nbsp;Bank rate rises are expected to rise to 1.00% by the end of 2019 once the Brexit outlook has become clearer.&bull;&nbsp;London Help to Buy and the Bank of Mum and Dad schemes will continue to provide positive impetus, to strengthen the property market&bull;&nbsp;Central London house prices are forecast to grow at 15.3% over the next 5 years&nbsp;And if you have any questions on this research or anything else that you'd like us to clarify, please feel free to get in touch with us directly at +603 2260 0700<a class="olm-btn btn-danger olm-btn-large no-radius" href="https://jll-global-gdim-res.cloudinary.com/image/upload/v1550457766/olmwebcontents/ip/prod/gei6ojvi8mv6mcsnhcda.pdf" target="_blank">Download Report</a>

JLL Reports: UK Residential Forecasts

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<h3 class="featuredProperties__title">Featured properties </h3>

<h3 class="featuredProperties__title">Featured developments </h3>

<h3 class="featuredProperties__title">Featured resales</h3>

<h3 class="featuredProperties__title">Featured developments</h3>

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

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

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