With the October Budget behind us, the outlook for both prices and rents remains positive. The government is forging ahead with its plan to deliver more homes, but it will take some time before we see any real impact on overall supply. Increased government
 borrowing means the latest inflation forecasts from the Office for Budget Responsibility have come in higher than expected, which could throw some cold water on more bullish forecasts for mortgage rates.&nbsp; But the direction of travel appears to
 be the same, even if it may take a little longer to get there. 
Lack of supply and more competitive mortgage rates are expected to underpin growth in prices over the next five years. Rental growth is expected to exceed inflation and wages over the five-year forecast period, but an increase in activity in the sales
 market means rental growth is expected to lag price growth, with rents forecast to be 17% higher by the end of 2029. 
<h2>2024 outlook</h2>
Back in May we forecast house prices nationally would rise by 2% in 2024. This was underpinned by a continued resilience and lack of distress in the sales market, with prices holding firm despite the challenge of higher rates and uncertainties in the
 run up to the election (which at that point we were thinking would take place in the autumn). An early election was seen as a positive for the market, but Budget jitters meant much of that hoped for momentum was lost (or at least delayed).
Looking at the latest government figures (year to August 2024) shows prices have risen 2.8% annually, with more recent Nationwide figures for the year to October at 2.4%. There are obviously a few months to go but we expect year end growth to come in
 marginally above our 2% forecast. Scotland and the north of England are expected to see higher growth. Higher mortgage rates remained most challenging for more expensive markets in London and southern England, with growth in these regions, as forecast,
 lower than other areas of the UK this year.
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1730756189/resi/gb/Articles/Images/Resi-Forecast-Chart-1.jpg" />
We forecast UK rents would end 2024 4.5% higher annually.&nbsp; The ONS Private Rents Index, which we benchmark against, is still showing growth of 8.4% in the year to August, but new lets data from Homelet data shows average rents were 4.3% higher in
 September 2024 than they were a year earlier. We expect ONS figures could end the year higher than our 4.5% forecast, but the significant imbalance between tenant demand and supply has levelled off in recent months so we expect some further heat will
 come out of the rental market as we move into 2025. 
<h2>Lessons from the (recent) past</h2>
Looking back over the last 25 years, price growth (taken here in five-year chunks to mirror our five-year outlook) shows three distinct periods for growth. Before the Global Financial Crisis five-year growth of 60% or more was the norm. But the period
 of re-correction that followed saw much of this froth removed from the market as five-year growth fell back to single digits or low teens to compensate for the significant tightening of the debt markets. 
But for the last decade, despite significant variation in mortgage rates and a global pandemic, house prices rises over a five-year term have remained remarkably consistent. Peaking in 2017 at 33% but otherwise ranging from 21% to 27%.&nbsp;
<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1730756189/resi/gb/Articles/Images/Resi-Forecast-Chart-2.jpg" />
<h2>UK Economy</h2>
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 <tbody>
 <tr class="red">
 <th scope="col"></th>
 <th scope="col">2025</th>
 <th scope="col">2026</th>
 <th scope="col">2027</th>
 <th scope="col" data-role="resizable">2028</th>
 <th scope="col" data-role="resizable">2029</th>
 <th scope="col">Change 2025-29</th>
 </tr>
 <tr>
 <td>CPI (OBR)</td>
 <td>2.6</td>
 <td>2.3</td>
 <td>2.1</td>
 <td>2.1</td>
 <td>2.0</td>
 <td>11.6</td>
 </tr>
 <tr>
 <td>Wages (OE)</td>
 <td>2.7</td>
 <td>2.4</td>
 <td>2.5</td>
 <td>2.8</td>
 <td>2.9</td>
 <td>14.0</td>
 </tr>
 <tr>
 <td>UK GDP (OBR)</td>
 <td>2</td>
 <td>1.8</td>
 <td>1.5</td>
 <td>1.5</td>
 <td>1.6</td>
 <td>8.7</td>
 </tr>
 </tbody>
 </table>
</div>
Source: JLL Research using Office of Budget Responsibility, Oxford Economics
The outlook for economic growth remains muted, with inflation expected to sit a little higher than the Bank of England&rsquo;s 2% target until 2029.&nbsp; But the Bank of England rate cutting cycle is expected to continue and assuming swap rates settle
 post Budget and the US election we&rsquo;ll likely see mortgage rates fall back too - if not quite as quickly as we had hoped. 
Consensus forecasts suggest rate cuts will run through until the end of 2026, with mortgage rates expected to become more competitive over this period. Following a similar trend to 2024 we anticipate lower value markets will benefit first.&nbsp; Activity
 will be driven by first time buyers, with home movers following once rates become more attractive. Higher value markets in London and the south are expected to see stronger growth in the second half of our five-year forecast period.
<h2>Market activity</h2>
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 <tbody>
 <tr class="red">
 <th scope="col" data-role="resizable"></th>
 <th scope="col" data-role="resizable">2024</th>
 <th scope="col">2025</th>
 <th scope="col">2026</th>
 <th scope="col" data-role="resizable">2027</th>
 <th scope="col">2028</th>
 <th scope="col">2029</th>
 </tr>
 <tr>
 <td>Housing Starts</td>
 <td>135,000</td>
 <td>157,000</td>
 <td>179,000</td>
 <td>199,000</td>
 <td>224,000</td>
 <td>244,000</td>
 </tr>
 <tr>
 <td>Transactions</td>
 <td>1.0m</td>
 <td>1.2m</td>
 <td>1.3m</td>
 <td>1.3m</td>
 <td>1.3m</td>
 <td>1.4m</td>
 </tr>
 </tbody>
 </table>
</div>
Source: JLL Research, Experian
Committing to build 1.5 million homes over the course of this parliament, the government has set itself an ambitious target.&nbsp; But ramping up delivery without any demand side stimulus will be a real challenge. Current supply side plans have started
 to put the building blocks in place to ramp up delivery but increasing delivery in a meaningful way with current planning, labour force, and supply chain constraints won&rsquo;t be a quick fix. JLL forecast new housing starts across the UK will total
 1 million homes between 2025 and 2029.&nbsp; Conversions of existing stock (currently accounting for around one in ten net additions) are expected to rise too, so we&rsquo;ve allowed (possibly sightly ambitiously) for 200,000 in the next five years
 taking us to a forecast of 1.2 million homes. 
<h2 style="text-align:left;">Sales price forecasts</h2>
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 <tbody>
 <tr class="red">
 <th scope="col">Sales price growth (% pa)</th>
 <th scope="col">2025</th>
 <th scope="col">2026</th>
 <th scope="col">2027</th>
 <th scope="col" data-role="resizable">2028</th>
 <th scope="col">2029</th>
 <th scope="col">Change 2025-29</th>
 <th scope="col">Average pa 2025-29</th>
 </tr>
 <tr>
 <td>UK</td>
 <td>3.5</td>
 <td>4.0</td>
 <td>4.5</td>
 <td>3.5</td>
 <td>3.0</td>
 <td>19.9</td>
 <td>3.7</td>
 </tr>
 <tr>
 <td>Greater London</td>
 <td>2.5</td>
 <td>3.5</td>
 <td>5.0</td>
 <td>5.0</td>
 <td>4.0</td>
 <td>21.6</td>
 <td>4.0</td>
 </tr>
 </tbody>
 </table>
</div>
Source: JLL Research 
A new government with ambitious plans for housebuilding and more comfortable with a higher tax environment, particularly for wealthier households, could mean future growth prospects differ from the recent past. But neither of the these seem a sufficient
 departure from the current trend to meaningfully change the path of growth over the coming five-year period (2025-2029). 
We do expect higher rates (even if they fall back from current levels) will limit growth prospects, meaning our 2025-2029 forecasts sit at the lower end of the recent five year averages. 
We expect growth of 19.9% nationally 2025-2029. London house prices are expected to increase by 21.6% over the same period, underpinned by a lack of new homes reaching the market for sale. We expect lower value markets to see stronger growth towards the
 beginning of our five-year forecast period, with more expensive markets outperforming once the rate cutting cycle continues into 2026 and 2027.&nbsp; 
<h2 style="text-align:left;">Rental forecasts</h2>
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 <tbody>
 <tr class="red">
 <th scope="col">Rental growth (% pa)</th>
 <th scope="col">2025</th>
 <th scope="col">2026</th>
 <th scope="col">2027</th>
 <th scope="col" data-role="resizable">2028</th>
 <th scope="col">2029</th>
 <th scope="col">Change 2025-29</th>
 <th scope="col">Average pa 2025-29</th>
 </tr>
 <tr>
 <td>UK</td>
 <td>3.0</td>
 <td>2.5</td>
 <td>3.0</td>
 <td>3.5</td>
 <td>4.0</td>
 <td>17.1</td>
 <td>3.2</td>
 </tr>
 <tr>
 <td>Greater London</td>
 <td>2.5</td>
 <td>3.0</td>
 <td>3.5</td>
 <td>4.0</td>
 <td>4.0</td>
 <td>18.2</td>
 <td>3.4</td>
 </tr>
 <tr>
 <td>UK BTR</td>
 <td>3.0</td>
 <td>3.5</td>
 <td>3.5</td>
 <td>4.5</td>
 <td>4.5</td>
 <td>20.5</td>
 <td>3.8</td>
 </tr>
 </tbody>
 </table>
</div>
Source: JLL Research 
In the five years to September 2024 rents rose nationally by 27%. But the rapid rise in rents in the last three years isn&rsquo;t reflective of the long-term trend.&nbsp; Five-year growth figures in early 2020 sat at around 12%, when rents broadly tracked
 wage growth. 
The supply demand imbalance which has in part driven rent rises (wage growth and inflation also contributed) is now becoming more balanced, but a lack of new stock entering the market means we anticipate rental growth will exceed wage growth and inflation
 over the next five years. 
The October Budget did little to change our view.&nbsp; Capital Gains Tax for residential property remained the same, meaning exit costs didn&rsquo;t rise, but entry costs did.&nbsp; Landlords looking to purchase homes now having to pay an additional
 2% stamp duty over the previous already elevated bill. We expect this will mean more traditional buy-to-let landlords will leave the market than enter over the next five years. 
But activity in the sales market is expected to increase too, likely meaning an increase in tenants moving across into owner occupation, alleviating some demand side pressures in the short term.&nbsp; 
JLL forecast UK rents will rise 17% over the next five years, with rental growth in the London expected to total 18% over the same period.
<h2 style="text-align:left;">What to watch</h2>
<ul>
 <li style="text-align:left;">EPC C by 2030 &ndash; Around half of all privately rented homes nationally are EPC D or below.&nbsp; As we move closer to the 2030 deadline, we expect some landlords will offload less efficient stock or remove properties from the
 market to retrofit to meet the new standard. Expect rents to rise in the run up as stock levels fall. For sales, landlords selling properties could bring more lower value homes to the market impacting average prices. </li>
 <li style="text-align:left;">Renters Right Bill &ndash; Current proposals include the provision for tenants to challenge market busting rental increases. Our forecast for lower annual increases will help cushion the impact here but may limit the potential for
 growth in some markets, particularly if the courts are overwhelmed with applicants. Landlords concerned around the impact of the bill could also chose to exit the market, particularly as the sales market improves. </li>
 <li style="text-align:left;">Buyer incentives &ndash; With the stamp duty threshold returning to its previous &pound;300,000 level for first time buyers next spring there was surprisingly little in the budget to incentivise buyers.&nbsp; However, there was reference
 to Phase 2 of the Spending Review in Q2 2025, so we could see further incentives or concessions introduced then. </li>
 <li style="text-align:left;">Rates &ndash; A more rapid fall in mortgage rates could mean higher value markets see stronger growth earlier. </li>
 <li style="text-align:left;">Housebuilding &ndash; The government has ambitious plans for new homes.&nbsp; We do expect activity to increase but still assume starts will lag the 1.5 million target. Our current forecast accounts for stock scarcity in the new homes
 market towards the start of the five-year period with new development activity not expected to be sufficiently high to have any negative impact on prices. </li>
 <li style="text-align:left;">International buyers and prime London &ndash; Changes to non-dom rules and increases in SDLT on additional properties mean higher costs for overseas buyers. But a lack of stock, particularly of new homes, means those who are in the
 market may find choice scarce and competition for the best stock remains strong.&nbsp;</li>
</ul>

JLL Residential Forecast 2025-2029

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Houses prices expected to rise by 20% in the next five years as lower mortgage rates bring buyers back to the market. Rental growth slows from recent highs.

Houses prices expected to rise by 20% in the next five years as lower mortgage rates bring buyers back to the market. Rental growth slows from recent highs.

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The announcement on additional borrowing had already unsettled investors in the run up to the budget, driving government borrowing costs to a five-month high.&nbsp; But leaks and briefings on some key policies pre-Budget appear to have had the desired
 effect meaning we&rsquo;re still below post mini-budget levels.
For housing there was little evidence of some of the much-speculated changes we heard rumour of in the run up. Some will see this as a missed opportunity.&nbsp; But this is far from the worst-case scenario many had feared. And clarification on government
 plans, or at least an end to pre-budget speculation, should bring more prospective buyers back to the market.
After all, the housing market looks to be in decent shape.&nbsp; Mortgage approval figures in September were at their highest for more than two years, with lower rates bringing more prospective buyers back to the market.&nbsp; Prices are edging up in
 response and activity across the market is recovering, too.
So what was in the budget for housing? 
<h2>UK economy on the path to recovery</h2>
The latest figures from the Office for Budget Responsibility (OBR) suggest the UK economy will grow by 1.1% this year and by 2.0% in 2025 in real terms. Inflation (CPI) is expected to sit marginally above the 2% target each year until 2029. 
<h2>Stamp Duty Land Tax (SDLT)</h2>
Changes to stamp duty rules mean those purchasing properties in addition to their main residence (buy-to-let and second homes) will now pay a 5% rather than 3% surcharge. Adding &pound;10,000 to the stamp duty bill for a &pound;500,000 home. 
The single rate of SDLT charged on the purchase of dwellings costing &pound;500,000 or more by corporate bodies will also rise from 15% to 17%. 
Increases in rates were not necessarily viewed as a significant revenue raiser (an extra &pound;400 million by 2029/30) but would rather level the playing field between first time buyers and investors. But extra stamp duty for additional properties was
 not accompanied by an increase in incentives for first time buyers, with nothing in the budget on the first time buyer zero rate thresholds, which are due to drop back from &pound;425,000 to &pound;300,000 in April 2025. Instead, the government has
 committed to consult the industry on extending the mortgage guarantee scheme, effectively a 5% deposit scheme for first time buyers. News on that is promised in Phase 2 of the Spending Review next Spring.
<h2>Capital Gains Tax (CGT)</h2>
Tax on gains for residential property were left at their current level of 18% for lower rate and 24% for higher rate tax payers. Disposal of other assets, including shares, was normalised with residential property at 24%. With suggestions that &lsquo;normalisation&rsquo;
 could have been imposed with income tax rates, this should add some comfort to those in the sector. &nbsp;
<h2>Affordable housing</h2>
The government reaffirmed its commitment to deliver more affordable homes.&nbsp; A &pound;500million top up was promised for the Affordable Homes Programme and a consultation for an ongoing five-year rent settlement at CPI+1 (guaranteeing the rent cap
 on the amount providers can charge) was announced.&nbsp; Those wanting clarity on future grant investment will need to wait until the Spending Review in Q2 next year.
<h2>Right to Buy</h2>
Discounts for those purchasing through Right to Buy scheme will be reduced and councils in England will be able to keep all the receipts from sales to deliver new homes. This will need further investment to stem the loss of social housing through the
 scheme, with the latest annual figures showing 3,046 homes started using Right to Buy receipts versus 6,275 sold. 
<h2>Inheritance tax (IHT)</h2>
The Chancellor announced current inheritance tax thresholds will be frozen until 2030, two years ahead of plans pre-budget. This means individuals can continue to leave &pound;325,000 free of tax, rising to &pound;500,000 if leaving your home to your
 children. Couples can inherit each other&rsquo;s allowance, meaning if you tick all the boxes &pound;1million can be left free of IHT. 
But new rules will bring previously exempt assets into play, meaning pensions, which had been IHT exempt, will fall within the totals from April 2027. Owners of agricultural and business property, again previously able to benefit from exemptions, will
 from April 2026 need to consider their liabilities over certain thresholds, although allowances will mean an effective rate of 20% rather than 40%. 
<h2>Housing supply</h2>
We&rsquo;ve already heard from the government on its plans for delivering more homes, so perhaps a lack of detail within the budget was to be expected. The government committed &pound;5bn to their housing building programme in 2025/26 and repeated its
 commitment to provide 300 new planners (effectively less than one per authority), but the new planning framework (NPPF) due at the end of the year is expected to fill in some further gaps here. 
<h2>Non-doms</h2>
As expected, the government announced it will end current non-domiciled tax rules from April 2025 and introduce a new residence-based system. For those looking to bring assets into the UK, the government will extend the temporary repatriation facility
 from two to three years. This isn&rsquo;t new, and follows similar plans announced under the Conservatives. The budget confirmed that only gains made after April 2017 will be considered as part of the new proposals, but the door is still open for
 government to bring worldwide assets within the scope of UK inheritance tax.
<h2>What we missed</h2>
With the government having already announced plans to reinstate ambitious housing targets post-election we had hoped the budget would include some news on stimulus for demand. Yet incentives for home purchase, changes to stamp duty land tax (aside from
 the increase for additional properties) and the reintroduction of Multiple Dwellings Relief were conspicuous in their absence this time around. 
More positive news on the UK economy and further interest rate cuts expected before the end of the year will likely support house price growth. But while we acknowledge increasing demand when supply remains low could challenge affordability further, the
 government needs to reassure developers and investors that there will be a market for a higher number of new homes they&rsquo;ve committed to deliver.&nbsp;

Residential Roundup – Budget Special

With the plans from the first Labour Budget in 14 years expected to bring in an extra &pound;40bn &ndash; read Marcus Dixon&rsquo;s overview of what was included for housing, in this week&rsquo;s Residential Roundup.

With the plans from the first Labour Budget in 14 years expected to bring in an extra £40bn – read Marcus Dixon’s overview of what was included for housing, in this week’s Residential Roundup.

The first Labour Budget in 14 years was never going to please everyone. This was a tax raising Budget, with the Chancellor&rsquo;s plans expected to bring in an extra &pound;40bn. Employers will be shouldering much of the financial responsibility, with funding public services core to Labours plans.

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But as the removal vans manoeuvre into No. 10, many in the industry will be thinking about the housing market and what the incoming Labour government will bring. Of course, housing was high on the agenda in the run up to the election, but the vagaries
 of the manifesto will now need to make way for greater clarity. 
The new Prime Minister had previously committed to turbocharging the housing market from &ldquo;day one&rdquo;. Realistically, we might be waiting a few days longer to find out Sir Keir&rsquo;s plans. But those close to the top have signalled an announcement
 could be a matter of a few weeks rather than a few months away. 
They&rsquo;ll need to pull their socks up as building 1.5 million homes over the next parliament will be a Herculean task. The main plans touted so far have been a recruitment drive for planners, with the intention to recruit 300 additional planning officers
 to ease bottlenecks and get Britain building. Undoubtedly a recognition of the challenges in the planning process, in practice this is the equivalent of less than one planner per planning authority and may not be the game changer we really need (a
 step in the right direction though). 
The term grey belt is also likely to enter the vernacular as Labour attempt to make developing on the greenbelt more palatable (their landslide victory and corresponding majority will help here).
Plans are afoot, too, for encouraging first-time buyer activity through further promotion of a mortgage guarantee scheme. However, the temporary increase in the first-time buyers stamp duty threshold (from &pound;300k to &pound;425k) won&rsquo;t be extended
 under Labour &ndash; although this mostly affects higher value markets.&nbsp; 
Before we delve too deeply into what-ifs we&rsquo;ll need to wait and see what emerges in the coming weeks. Until then, let&rsquo;s look at what the new government are inheriting:
<h2>The economy</h2>
Whisper it quietly, but things might not be quite as bad as we thought. The new Labour government aren&rsquo;t inheriting an economy in rude health, but quarterly GDP growth for Q1 was revised up in June to 0.7% (from 0.6%), putting GDP 0.3% higher than
 it was a year earlier in Q1. 
With growth revised up, expectations of economic growth at sub 1% in 2024 may be looking conservative. Oxford Economics expect 0.9% and consensus forecasters 0.5% this year, but we could well see these figures creep up as we move through the summer. 
Despite CPI hitting the 2% target rate, stubborn services inflation has thrown some cold water on the prospect of multiple rate cuts this year.&nbsp; But we still expect the bank rate will be cut before the year end, meaning more favourable mortgage rates,
 which are already starting to creep into the market, continue to emerge in the second half of the year.<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1720173441/resi/gb/Articles/Images/JLL-house-prices-labour.png" />
<h2>House prices</h2>
House prices edged up in June, 0.2% higher month-on-month and 1.5% higher than they were at the same point a year ago. The latest figures from Nationwide show London was the only region in southern England where prices have risen in the last 12 months,
 up 1.6%. East Anglia saw the most significant annual fall at -1.8% with the North West and Northern Ireland both recording annual increases of 4.1% in Q2 2024. 
House prices have risen 59% since Labour were last in power back in 2010. They are up 68% since they last won an election back in 2005 and up 353% since the last won an election in opposition back in 1997. In 14 years under the Conservatives (2010 to
 2024) prices have risen by 57%, versus 191% in the 13 years under Labour (1997-2010) 
<h2>Activity</h2>
Mortgage approvals for house purchase continue to hover around the 60,000 mark, around 10,000 (or 19%) higher than they were a year ago. Despite rising off a low base, activity remains around 15% down on long-run norms. 
The number of transactions has risen too so far this year.&nbsp; The latest May figures show an estimated 91,660 sales, 24% (or almost 18,000) higher than volumes in May last year and just 2% shy of the 2015 to 2019 average.
The latest S&amp;P Global Construction Purchasing Managers&rsquo; Index (PMI) was released the day we went to the polls. The UK construction sector remained in growth territory for the fourth consecutive month in June, albeit dipping slightly month-on-month.
 Growth was led by the commercial sector, with housing, which had moved into positive territory for the first time in 19 months in May, dropping back in June.<img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1720173441/resi/gb/Articles/Images/JLL-rental-growth-price-growth.png" />
<h2>Rents</h2>
As we enter the busy summer market for lettings, prices achieved on new lets, according to the latest June figures from Homelet, were up 6.9% nationally. London and the South West were the only regions where rents fell month-on-month but were still 4.9%
 and 3.4% higher annually. 
Rental growth rates in London have finally dropped below wage growth, meaning the rent to affordability ratio dropped from 40% in January to 38.9% in May, but it remains 10 percentage points higher than it was a decade ago. 
Results for the latest JLL Buyer and Tenant Survey highlight the challenge facing tenants, with half of the tenants surveyed spending more than 50% of their take home pay on rent each month, up from 45% in 2022.&nbsp; To read more from the latest JLL
 Buyer and Tenant Survey <a href="https://residential.jll.co.uk/insights/research/buyers-and-tenants-survey-2024">click here.</a><img src="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1720173440/resi/gb/Articles/Images/JLL-rent-to-income-ratio.png" />

Residential Roundup 5 July

Residential-Roundup-5-July2[2]

The Labour Party have won more than 400 seats, giving them a comfortable majority in the 2024 general election.

The Labour Party have won more than 400 seats, giving them a comfortable majority in the 2024 general election.

Residential-Roundup-5-July2[1]

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JLL Residential Forecasts 2024-2028

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Residential Roundup

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<div><div>There are few who would question the need to deliver more homes. Research from Centre for Cities suggests Britain has a 4.3 million home deficit compared with the average European country. Meaning we would need to build almost 450,000 homes per annum over the next 25 years to satisfy future demand and address the historic deficit. At present we struggle to hit 200,000.</div> </div>

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Residential Roundup - 1 September

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The Residential Roundup - July

Annual inflation figures for July and
August are expected to bring better news for the UK economy as the impact of
higher energy costs recedes. But higher than forecast rates reported so far
this year and rising core inflation measures are leading forecasters to
speculate that base rates will need to increase further and stay higher for
longer.<o:p></o:p>

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Buying ProcessBuying process of resale property is very much similar to that of a new-built property.The payment schedule is very straight forward, with a 5 to 10% down payment upon exchange of contract and the balance payment will be upon delivery of property. The whole transaction in general will take around 2 to 3 months.&nbsp;DocumentationsFor the documentation process, the buyer needs to prepare an Affidavit/Declaration before the exchange of contract, as a proof of identity and for registration of ownership purposes.<a href="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605765572/olmwebcontents/ip/prod/hkvchkmzgttb7nhafz4c.jpg" target="_blank"><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605068896/olmwebcontents/ip/prod/z13lmwshmkzmqx0trq5b.png" /></a>CostsThe estimated costs upon purchase amount to 5 to 8% of property price, inclusive of agency fee and related taxation.<a href="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605765656/olmwebcontents/ip/prod/ufbyr6lkfiawettmsebi.jpg" target="_blank"><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605068914/olmwebcontents/ip/prod/osngmih1aocixawiwq8t.png" /></a><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605068815/olmwebcontents/ip/prod/k6f2gs0mvzrjwnjj8bzq.jpg" />&nbsp;Selling ProcessTo list the property on the resale market, the owner needs to exchange a brokerage agreement with an appointed agent after deciding the desired selling price.Once a potential buyer has made an offer and after the buying conditions and schedule are confirmed, the contract will then be exchanged with a 5-10% down payment. To save on remittance costs, all payments from the buyer are usually kept by agent first.After receiving all the payments and deducting the necessary costs, the agent will remit the net income to the seller.&nbsp;DocumentationsThe owner shall prepare Affidavit/Declaration before the exchange of contract to prove identity. Also, the title deed of the property needs to be submitted before the delivery of the property.If you have bought a property through JLL, the title deed would have been delivered to you after the handover. If you have problems locating the title deed, please contact your respective salesperson and we will be able to assist.<a href="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605765706/olmwebcontents/ip/prod/fjvmtqob0lycvrzslhjs.jpg" target="_blank"><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605068922/olmwebcontents/ip/prod/wxljqiqnnmpjw2cfwb3e.png" /></a>CostEstimated cost for selling property can amount to 4 to 5% and exclusive of Capital Gain Tax as it can vary case by case. Capital Gain tax is imposed on the net profit that the seller makes from the transaction. The taxation rate is either 30.63% on properties
 held for less than 5 years, or 15.315% on properties held over 5 years. Please note, that the holding period starts from January 1 of the new year. Eg. If the handover of the property is September 2020, 15.315% rate will apply from January 1, 2026.<a href="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605765734/olmwebcontents/ip/prod/nsprfch2yryt5w00uj5f.jpg" target="_blank"><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1605068930/olmwebcontents/ip/prod/xtroajo6ao7vza9mqom5.png" /></a>For more details, kindly contact us at:Shu Ling (REN 06614) M: +6011 3301 1394 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; E:&nbsp;<a href="mailto:shuling.chong@jll.com" data-linkindex="2">shuling.chong@jll.com</a> Luqman (REN 55922) M: +6019 612 8330 E:&nbsp;<a href="mailto:luqman.kamaruzaman@jll.com" data-linkindex="3">luqman.kamaruzaman@jll.com</a> Shahmer (REN 64871) M: +6019 2170067 E:&nbsp;<a href="mailto:shahmer.izzat@jll.com" data-linkindex="4">shahmer.izzat@jll.com</a>

Guide to Buying and Selling Property in Japan: Costs, Documentations and Taxes

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<div class="row">
 <h2>Q2 2023 Sales Index </h2>
</div>
The JLL Prime Central London Index saw prices fall for the third consecutive quarter.&nbsp; The Q2 2023 index recorded a quarterly fall of 2.1%, with prices 5.9% down compared with the same period in 2022. Prices are now 6.8% lower than
 they were when prices peaked in the third quarter last year.&nbsp; 
The upper echelons of London&rsquo;s prime market are proving more resilient. With prices down 0.8% in the 12 months to June 2023 compared with a 6.7% fall in homes priced at under &pound;2 million (likely to be most impacted by changes in interest rates).

Despite sentiment impacting prices we saw deals agreed (exchanges) increase in an admittedly slow Q1 this quarter, with a 28% increase in sales in Q2 2023.&nbsp; With volumes on par with Q2 2022 (down -1.2%). 
Stock levels rose in Q2, with 8.3% more properties on the market than in Q2 2022 and 9.7% more than at the end of the first quarter this year. Stock on the market is now at the highest level since the end of Q2 2020. 
<h2>Q2 2023 Lettings Index</h2>
The uncertainty which is hampering activity in the sales market often has the opposite effect on lettings. With households more likely to stay in rented for longer or choosing to rent when delaying their decision to buy. Just over half
 (51%) of JLL deals agreed in Q2 2023 were renewals, up from 45% a year ago and 24% in Q2 2021. This was the highest rate of renewal since Q2 2020. 
The number of new lets rose this quarter compared with last, up 13%.&nbsp; But the second quarter is usually more active than the first. Comparing new lets agreed (excluding renewals) in the second quarter this year with Q2 last year showing there were
 18% fewer deals agreed, with the number agreed down 35% compared with the Q2 five-year average.
This quarter the JLL Prime Central London Index saw rents rise by 1.9%, with rents 5.4% higher than they were at the same point a year ago. Small flats (1 and 2 beds) saw this highest annual increase in rents at 6.7% whereas more expensive properties
 (&pound;3,000 per week or more) saw a more modest 2.9% annual increase. 
Rents are now 26% higher for one-bedroom flats (which have seen the highest growth) than they were three years ago at the end of Q2 2020. With the JLL Prime Central London Rental Index 19.2% higher overall over the last three years.
For prospective tenants having to contend with low stock levels there appears to be some respite as we move into the summer. Stock levels are starting to increase, albeit off a low base. With the number of rental properties listed to let at the end of
 Q2 2023 up 13.8% on the same point in 2022. But volumes remain 55% down on levels we were seeing pre-pandemic in Q2 2019. 
<h2>All Source: JLL/ LonRes</h2>
Our JLL Prime Central London Index is based on a &lsquo;basket&rsquo; of properties, valued by JLL at the end of each quarter. 
Director of UK Residential Research at JLL, Marcus Dixon, explains: 
&ldquo;The implications of stubborn inflation on the UK mortgage market are hampering activity in prime central London. While fewer buyers are heavily indebted - almost half buy cash - uncertainty surrounding the short-term outlook is impacting prices. 
&ldquo;The lettings market remains competitive, stock levels have improved on their 2022 lows but there are still more prospective tenants than there are properties. This has resulted in further rent increases this quarter, with rents almost 20% higher than they were in 2020.
&ldquo;The lower end of the rental market continues to see a steady stream of (formerly) prospective buyers moving across into lettings. With smaller properties, mainly one- and two-bedroom flats, recording the highest annual increase in rents, while prices for similar properties are seeing more significant falls than homes in more expensive price bands.&rdquo;

JLL – Prime Central London (PCL) Index – Q2 2023

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The recent rise in interest rates does not impact all sectors of the housing market equally.

Prime Central London (PCL) Index – Q2 2023

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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.

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.

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Spotlight on Cambridge

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Affordable and attractive London hotspots for First Time Buyers

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House prices have risen significantly nationally over the last three years, and it feels as if the first step onto the housing ladder has become more challenging. Despite this, the dream of owning their first home for many is not dwindling.

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<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.
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Prime Central London – Q1 2023

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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?

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Global Real Estate Perspective May 2023

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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.

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Recently news of a rate rise at a Monetary Policy Committee meeting has become almost a foregone conclusion, with rates increasing ten times since December 2021 and the last meeting in February. But views on the outcome of the March meeting were mixed. On one hand, the uncertainty surrounding the collapse of the Silicon Valley Bank and the takeover of Credit Suisse by UBS, alongside more encouraging news on the outlook for inflation from the OBR suggested the committee may stick. But unexpected double digit inflation figures, showing an annual uptick in CPI of 10.4% in February increased the odds of a rate rise. &nbsp;Despite the announced 25 basis point rise, taking base rates to 4.25%, we still expect this signals a topping out (or near topping out) of rates. This remains in line with the base rate expectations in our November forecast, with JLL expecting house prices will fall by 6% nationally in 2023, with the market starting to see annual growth return in the latter part of 2024.Updated Office for Budget Responsibility (OBR) forecasts following the Spring Budget show the UK economy is not now expected to enter a technical recession in 2023. However, forecasts suggest a small contraction of 0.2%. At present the UK inflation rate remains stubbornly high, however the OBR has forecast inflation will fall to 2.9% by year end. Despite economic uncertainty, the labour market continues to rally. Although job vacancies have fallen vacancies remain 300,000 above levels recorded pre-pandemic. &nbsp;Despite expectations the UK will avoid recession, the outlook for growth is more muted. The OBR have forecast GDP growth of 1.8% in 2024, followed by 2.5% in 2025, 2.1% in 2026 and 1.9% in 2027. The Spring BudgetThe Budget was light on specific housing policies and initiatives to boost the supply of new housing in the UK. The costs of living crisis has exacerbated issues surrounding housing affordability and the need for greater innovation on supply side policy.The news on the energy price cap remaining at &pound;2,500 per annum will, however, be well received by households across the UK. The cap will remain in place until the end of June, by which time the government is hopeful that falling energy prices and more balmy weather will negate the need for further support.There appear to have been a handful of small steps made to improve the UK&rsquo;s renewable energy sources. The Department for Energy Security and Net Zero was one of four new departments created in February. In addition, the Chancellor has announced that the government is launching Great British Nuclear (GBN) to address constraints in the nuclear market.The Housing Sales MarketThe latest set of responses from the RICS survey saw the majority of agents reporting a continued fall in house prices and new buyer enquiries in February. A net balance of 29% professionals reported a fall in new buyer enquiries, an improvement on the 45% recorded in January. The story is similar across London with a net balance of 44% of professionals reporting a fall in house prices.The Nationwide UK House Price Index reported house prices fell 1.1% in the year to February 2023, the first annual decline since June 2020. Higher interest rates and cost of living pressures have been slowly filtering through to the housing market over the past five months or so. Albeit recent reductions in mortgage rates and continued resilience in the labour markets have kept annual falls to a minimum so far. According to Nationwide, the average house price in the UK is &pound;257,406, 19% higher than pre-pandemic levels (February 2023 vs. February 2020).The Rental MarketThe Homelet index suggests annual rental growth remains strong at 9.9% across the UK in February 2023, with the current average rent of &pound;1,175 matching the November peak. The latest RICS survey continues to show an imbalance between supply and demand in the both the UK and London rental markets.In London, the worsening demand supply story has continued to underpin rents, with annual growth of 12.4% in February 2023. The average rent across London reaching &pound;1,975 per month.ForecastsDespite some clear challenges, the UK housing market remains in a strong position. Unemployment is still at near record lows, with recent data showing there are over 300,000 more job vacancies now compared to the beginning of the pandemic. JLL are forecasting single digit price falls nationally in 2023 as buyers and vendors adapt to higher mortgage rates and the squeeze in the cost of living. But prices falls will not be universal, we anticipate certain markets, such as central London and high demand city centre locations, will see more modest price falls or marginal price rises this year. &nbsp;In the rental market the lack of quality rental stock is an ongoing issue. We also expect to see a higher number of prospective buyers, as well as those who would under normal circumstances have transacted under Help to Buy remain in the rental market for longer, adding further demand in an already constrained market.&nbsp;&nbsp;<table><thead><tr><th data-role="resizable">Residential Forecasts</th><th data-role="resizable">2023</th><th data-role="resizable">2024</th><th>2025</th><th>2026</th><th>2027</th><th>Total 2023-27</th><th>Average pa</th></tr></thead><tbody><tr><td>UK House Price Change (% pa)&nbsp;</td><td>-6.0&nbsp;</td><td>1.0&nbsp;</td><td>4.0&nbsp;</td><td>5.0&nbsp;</td><td>5.0&nbsp;</td><td>8.9&nbsp;</td><td>1.7&nbsp;</td></tr><tr><td>&nbsp;UK Rental Value Change (% pa)</td><td>4.0&nbsp;</td><td>3.5&nbsp;</td><td>2.5</td><td>2.5&nbsp;</td><td>2.5&nbsp;</td><td>15.9&nbsp;</td><td>3.0&nbsp;</td></tr></tbody></table>Source: JLL ResearchAnd in case you missed it&hellip;JLL released our latest&nbsp;<a href="https://residential.jll.co.uk/insights/research/big-six-residential-development-report-winter-2022-23">Big 6 Residential Development Report</a>, comparing activity, pricing and rents across six UK cities outside of London.&nbsp;Veronica Spanos McGill, Senior Analyst at JLL, speaks to Egi on&nbsp;<a href="https://www.egi.co.uk/news/btr-needs-to-grow-threefold-to-fill-londons-widening-private-rental-gap/">the shortfall of rental stock</a>, with JLL highlighting increasing unaffordability in the housing market will drive demand for an additional 300,000 rental households over the next ten years. And on the story of the rental market,&nbsp;<a href="https://www.jll.co.uk/en/trends-and-insights/research/london-build-to-rent?utm_source=linkedin&amp;utm_medium=orgsoc&amp;utm_term=hootsuite&amp;utm_content=adcb033a-8f34-44da-8ef1-476f9bbc2f3c">investment of &pound;15bn has seen London's BTR market grow to 40,000 homes in 2022</a>.JLL Research | March 2023JLL 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.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; 2023 JONES LANG LASALLE IP, INC. ALL RIGHTS RESERVED.</h5><h5>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</h5>

Residential Market Update March 2023 – Spring Budget Overview

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JLL Residential Market Update March 2023 &ndash; Spring Budget Overview

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2022 was a record-breaking year for Prime Central London (PCL). Buyers spent almost &pound;5.2 billion on homes last year, 9% higher than in 2021, already a strong year, and the highest amount spent for more than ten years. Even in 2014, when sales reached
 &pound;4.94 billion, 5% less was spent than in 2022.<a href="https://res.cloudinary.com/drt5ol8ck/image/upload/v1673866400/videos/APAC%20Articles/JLL_PCL_Report_Q4_2022.pdf" target="_blank">
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Prime Central London Report - Q4 2022

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<a href="https://storymaps.arcgis.com/stories/5c2aeccd86c64c6abe619f4e73b8b183" target="_blank"><button class="Button primary">View the full report</button></a> The JLL Big Six Residential Report compares activity, prices, and rents across six UK cities outside London:
 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.In the last ten years UK cities have recorded some of the highest increases in new residents. Figures from the 2021 census show that across England &amp; Wales more than 33.6 million people, over 56% of the population, lived in cities, 2 million more
 than in 2011.With the pandemic accelerating the adoption of hybrid working some questioned the future of urban living. But the influx of new residents heading for our regional cities proves there is more to city living than just the attraction of a short commute.Demand for homes has risen across our Big Six cities this year. Back in 2020 and early 2021 we saw an acceleration in the number of households looking to leave urban areas and escape to the country. Yet 2022 has firmly signalled the return to the city.
 Students and young professionals are returning in their droves. Rents have risen this year across all our Big Six cities and the new homes market, both build-to-sell and build-to-rent has seen activity increase too.Help to Buy has been a key source of demand for city centre new build over the last ten years. Across the four English cities, over 13,200 equity loans have been issued on Help to Buy homes since the beginning of the scheme. &nbsp;But with 31 October
 marking the end of Help to Buy registrations nationally we were already anticipating interest from first-time buyers would fall in 2023. Combine this with recent rate rises and we expect the number of first-time buyers could fall further.&nbsp;But
 with fewer households buying homes we anticipate demand for rental properties will increase.Almost 100,000 homes have been completed in the city centres of the Big Six in the last ten years.Demand for homes has meant prices achieved in the last three years have risen by an average of 14.6%. The JLL Cities index, which values new flats in each city shows prices have risen by between 4.9% and 17.6%.Demand for rental properties has increased too. With rents rising by an average of 15.4% across the Big Six. Leeds recorded the highest annual increase in rents, with scarcity of stock pushing average rents for new homes in the city up by more than 20%
 in summer 2022 compared with the same period a year earlier. <a href="https://storymaps.arcgis.com/stories/5c2aeccd86c64c6abe619f4e73b8b183" target="_blank"><button class="Button primary">View the full report</button></a>

Big Six Residential Development Report

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The JLL Big Six Residential Report compares activity, prices, and rents across six UK cities outside London: Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.

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JLL UK House Price Forecasts - Housing set for a correction, not a crash

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Housing set for a correction, not a crash

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<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 Prime Central London real estate, 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 growthAccording 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 Prime Central London flats.
 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 Prime Collection properties 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;buy Prime properties in London, 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 Prime Central London property experts 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="">&nbsp;</a>

Guide to investing in Prime properties London, UK | JLL

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

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JLL Residential Research Report | August 2022

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<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 marketsWhile 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, Prime Central London real estate 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 yearsOur 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. Luxury London properties 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 overviewWhen 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.KnightsbridgePossibly 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; ChelseaA 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.MayfairFeaturing 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.MaryleboneLondon 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.BelgraviaLuxury 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.WestminsterWestminster 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 Prime Central London experts 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>
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Investing in Prime properties London | JLL

Are luxury properties in Prime Central London a good investment?

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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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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.

JLL – Interest rates, mortgages, and the impact on house prices

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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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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

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;

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.

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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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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>
 <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>. 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://olmresi-my-prod.jll.com/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.
&nbsp;

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

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

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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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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

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<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://olmresi-my-prod.jll.com/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><a href="https://residential.jll.co.uk/search/east-london">houses and flats for sale in East London</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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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://olmresi-my-prod.jll.com/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

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Crossrail - May 2022

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UK Residential Forecast 2022 – 2026

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Tokyo Demographic Movement & Residential Market Report – September 2021

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Portugal is one of Europe&rsquo;s hottest property markets in more ways than one. It is not only seen as a safe haven that rarely makes the headlines with a stable political and economic landscape; it also has thousands of people relocating to its sunny shores every year.Its golden beaches, 1,800 kilometres of coastline and world-class golf courses are major attractions, and Portugal ranks third in the world&rsquo;s most peaceful countries behind Iceland and New Zealand.Portugal is also widely viewed as a safe haven for foreign investors, and since 2009, has offered generous tax incentives for foreign buyers which last for 10 years.On top of this, it has a very popular Golden Visa programme which offers residency permits through buying property investments.&nbsp;Golden VisaThe Portugal Golden Residence Permit Programme is a five-year scheme which offers residency by investing in the country through a number of different ways. Property investment has by far been the most popular route. As a resident you can have visa-free travel across Europe&rsquo;s Schengen Area which includes France, Germany, Italy and Spain and a Portuguese passport grants you visa-free travel to 185 countries.Foreign investors also like the fact that Portugal has a quick turnover time to purchase property.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asians flockingSince October 2012, 9,625 investors and 16,382 family members have benefited from the Portugal Golden Visa and 9,042 (90%) of Golden Visa Portugal applications were done through real estate investments. While the Chinese remain the largest single applicant cohort (over 50%), their share of the program is decreasing as other nationalities are applying for the program too.The Portugal Golden Residence Permit Programme has been very successful and now the government is removing the cities of Lisbon and Porto from the scheme to focus on other parts of the country. The new rules, which also affect coastal areas, will come in from July 2021 although there is a transition period to complete sales by the end of the year.&nbsp;Business buzzWhile foreign investors have Portugal in their sights, it is also attracting plenty of talent particularly in the technology sector. Many international companies have set up regional headquarters in the country, such as Google which built a technology hub near Lisbon in 2018. Car-making giant Volkswagen also has major manufacturing operations in Portugal.Up until the Covid pandemic which affected tourism the world over, Portugal&rsquo;s tourist numbers had been very healthy given its high number of sunshine hours. In fact, the southwestern coastline of Algarve gets more sun each year than all of Europe. As its tourism sector grew, this led to a scarcity of rental properties which drove rental yields up. This is good news for investors with properties in tourist hot spots.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1619190836/olmwebcontents/ip/prod/cimz9jp5votc8qw1orez.jpg" width="670" />Algarve, Portugal&nbsp;Sun, sea and golfThe Algarve is one of Portugal&rsquo;s most popular destination, drawing sun-seeking tourists, beach lovers and golfers alike. One tourist hotspot is the Algarve, home to one of Portugal&rsquo;s most prestigious golf resorts. The 5,000km stretch of coast is known for its golden beaches, golfing and picturesque fishing villages along with an array of bars and restaurants.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1619190845/olmwebcontents/ip/prod/b2gptva8jmvqunsr0lms.jpg" width="670" />Douro, Portugal&nbsp;Lisbon and PortoIf the objective is exclusively housing, you need to meet your personal preferences. A house in the Algarve is compatible with warm climate lovers, Porto is for those who like a mild climate and Lisbon is the best city to develop a professional career.If the objective is the return on investment, there is a clear advantage in one of the options.Portugal&rsquo;s two main cities, Lisbon and Porto, have been the main destinations of foreign investment given they are seen as a trendy hotspots while being far cheaper to buy property in compared to other cities in Europe. &nbsp;Lisbon is one of Europe's smaller capitals with properties there inexpensive in comparison to London, Paris or Madrid.The main driver for investors used to be quality of life, its historical heritage, natural beauty and over 280 days of sunshine. But it&rsquo;s a very interesting market for putting your savings and investments now too. You can get a return both on rental yield and in capital appreciation.Porto has the same dynamic in terms of lifestyle. But it&rsquo;s also the research and development hub of the country. It&rsquo;s where much industry is based, and most of the money from Portugal&rsquo;s wealthy families is concentrated here.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1619190855/olmwebcontents/ip/prod/mvjzaojm0cvtucs64skt.jpg" width="670" />&nbsp;For investors looking for extra capital appreciation from their investments, Porto is the natural answer. House prices there are still 30% less than those in Lisbon, it has a lower square metre price to buy, so you have higher potential for investment returns.&lsquo;Many investors start enquiring about Lisbon. But when they ask for something that has a higher yield or capital appreciation potential, we say: yes, we do. In Porto&rsquo;&nbsp;&ndash; says Filippo Simonato, Residential Business Development Manager for JLL, based in Lisbon.&nbsp;Property MarketWhile property prices have been rising modestly during the pandemic, Portugal has seen above average increases. Prices rose by almost 6% during 2020, according to the Idealista Price Index.According to JLL&rsquo;s research&nbsp;&rsquo;Investir no Mercado de Arrendamento&rsquo;&nbsp;(Investing in the Rental Market),&nbsp;the residential rental yields in Lisbon are almost always above 3% and in Porto 4%; proof of a market where supply is scarce and vacancies tends to be absorbed quickly. It is a market with enormous potential for growth and income generation.&nbsp;Who is buying &amp; renting?Portugal is still proving popular with overseas buyers, and 57% of purchases are currently made by international buyers. While Asian buyers have been very active, these foreign-buyer purchases are spread across 47 different nationalities.Rental incomes have softened a little during the pandemic, although this is believed to be only temporary. Some landlords have put their holiday homes up for rent on the local market while they wait for tourism to return.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1619190864/olmwebcontents/ip/prod/x42fhuyyqi4iiozgebnj.png" width="670" />Conde de Lima, Lisbon&nbsp;When tourists start to return to the many holiday hotspots Portugal has to offer, property owners should be well placed to reap the benefits, along with the tax and residency perks the country has to offer.If you are keen to find out more about investment opportunities in Portugal and learn more about the Golden Visa Program, please contact JLL International Residential:&nbsp;Christine Wong (REN06667)M: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>

Why are Chinese property buyers attracted to Portugal?

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<div><div id="block-system-main"><article id="node-704" about="/news/2021/04/16/twelve-trees-park-and-east-london-investment-guide" typeof="sioc:Item foaf:Document" data-sf-ec-immutable=""><div><div><div><img typeof="foaf:Image" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1618566164/olmwebcontents/ip/prod/wzu7xibcd6n30m9ev9hs.jpg" width="3211" height="1730" alt="" /></div></div></div><div><div><div property="content:encoded"><a href="https://internationalresidential.jll.com.my/download?pdf=703&amp;return_to=news/2021/04/16/twelve-trees-park-and-east-london-investment-guide" target="_blank">Download Investment Guide</a><div> </div></div></div></div></article></div></div><div>&nbsp;</div>

Twelve Trees Park and East London Investment Guide

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<div><div id="block-system-main"><article id="node-702" about="/news/2021/04/13/japan-residential-market-report-20202021-forecast" typeof="sioc:Item foaf:Document" data-sf-ec-immutable=""><div><div><div><img typeof="foaf:Image" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1618298987/olmwebcontents/ip/prod/ykzpedt600uvgifo3x3v.png" width="3211" height="1730" alt="" /></div></div></div><div><div><div property="content:encoded"><a href="https://internationalresidential.jll.com.my/download?pdf=701&amp;return_to=news/2021/04/13/japan-residential-market-report-20202021-forecast" target="_blank">Download Report</a><div> </div></div></div></div></article></div></div><div>&nbsp;</div>

Japan Residential Market Report 2020/2021 Forecast

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Not only Portugal is ideal for investors looking for stable returns on investment at a range of property price points, but the tax regime is very attractive. It offers a low effective tax burden, combined with a special Non-Habitual Residents tax regime, the free remittance of funds, the absence of inheritance and gift tax and no wealth tax.Moreover, the residence permit scheme (granting travels within the Schengen area) and the possibility to apply for Portuguese nationality and, consequently, a EU passport, make Portugal a very attractive location.&nbsp;The most popular Golden Visa program in EuropeIn 2012, Portugal approved special legislation designed to attract foreign investment, by offering a fast way for property investors (non-EU citizens) to receive a residence permit, making it a privileged entry into Europe and allowing such permit holders free circulation in Schengen countries.The Portugal Golden Visa program has proven to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. Since its inception in 2012, thousands of families have successfully relocated to Portugal. &nbsp;An investment of &euro;500,000 (or &euro;350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children.In 2019, more than half of all real estate transactions in Portugal were purchased by foreigners and Portuguese real estate agencies have been actively wooing Chinese and Asian buyers.According to a South China Morning Post article, Hong Kong is tipped to become one of the top sources of foreign investment in Portuguese property as residents seek a European haven from the civil unrest that has rocked the city since May 2019.&nbsp;What are the main advantages of the Portugal Golden Visa?The holders of a Portuguese Golden Visa have many advantages:<ul><li>You do not need a visa to enter Portugal or travel through Europe (Schengen Area).</li><li>You can live and work in Portugal, even with residency in a different country.</li><li>Portuguese residency can be extended to family members.</li><li>It has extremely low minimum stay periods compared to other residency / citizenship programmes.</li><li>You can attain permanent residency after five years.</li><li>You can attain citizenship after six years.</li></ul>The residence permit is granted for a period of one year, renewable for two successive periods of two years, and requires the maintenance of the investment for a minimum period of five years and the presence in Portuguese territory for 7 days (consecutive or not) in the first year and 14 days (consecutive or not) in the subsequent periods of two years. The authorization may be extended to the investor&rsquo;s family members and the residence permit may be granted on a permanent basis after the initial period of five years.&nbsp;Investment typesThis type of investment includes:<ul><li>Commercial or residential properties.</li><li>Real estate acquired in co-ownership, as long as the investor&rsquo;s share is at least the minimum indicated value.</li><li>Properties that are acquired individually or through sole proprietorship companies in which the investor is a partner.</li><li>Leased properties.</li><li>Properties encumbered, by the amount that exceeds the minimum amount of the investment.</li></ul>&nbsp;Portugal Golden Visa Changes in 2021Source: Cruz Roque Semiao Advogados (CRS Lawyers)Only this month, the XXII Portuguese Constitutional Government has finally established the revisions and changes on the Residence Permit for Investment Regime (Golden Visa), by means of the Law-Decree no. 14/2021 of 12th February, which represents the 8&ordm; alteration to the Law no. 23/2007 of 4th July (widely known as &ldquo;Foreigners Law&rdquo;).The main goal, according to said alterations, is to make this regime more and more directed preferentially to the investment in the interior territories, to investment in job creation and to the urban and cultural heritage requalification.With that in mind, the first essential and most relevant decision that was made was that&nbsp;these changes will only come into force/into effect on 1st&nbsp;January 2022, meaning that foreign investors have until 31st December 2021 to invest in the exact same terms and conditions, all over the country, towards their Golden Visa Applications.As of 1st January 2022, the following changes, which will represent an increase in the minimum investment amounts, as well as affect the geographical area of application in the real estate investment for habitation purposes, will apply:&nbsp;1. Real Estate Investment:a. In the amount of &euro; 500.000,00, for habitation Purposes, will only be allowed in the interior of Portugal, Azores, and Madeira.b. In the amount of &euro; .350.000,00, with rehabilitation investment, for habitation Purposes, will only be allowed in the interior of Portugal, Azores, and Madeira.&nbsp;2. Capital Transfers:a. The amount of investment for the Capital transfer with a value equal to or above 1 million Euros, changes to a minimum of 1.5 million euros.b. The amount of investment for the Capital transfer for investing in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system changes from &euro;350.000,00 to a minimum value of &euro; 500.000,00.c. The minimum amount on the Private Equity Funds investments, changes from &euro; 350.000,00 to a minimum value of &euro; 500.000,00.d. The minimum amount on the capital transfer for incorporation of a Company in Portugal, combined with the creation of five (5) permanent working jobs, OR for the reinforcement of the share capital of an existing company in Portugal, with the creation or maintenance of said jobs, changes from &euro; 350.000,00 to a minimum value of &euro; 500.000,00.&nbsp;In view of the above, and according to the remaining legal diploma that was published, it is essential to highlight that:<ul><li>Foreign Investors will have until 31st December 2021 &ndash; almost a whole year &ndash; to submit their Golden Visa application, taking advantage of the current Law as it is and was from the past years (with the same minimum amounts, on the same locations, and with the same requirements).</li><li>As long as these applications, by the Investors, are submitted before the 1st January 2022, client(s) can benefit for the same rules and have their residence permits granted, even if the actual approval of the process happens after that date.</li><li>The geographical limitations that will happen on the real estate investments, by &ldquo;pushing&rdquo; the investment for habitation purposes to the interior and the Islands, will still give a lot of interesting and potential possibilities in terms places to invest in Portugal, which will help on the development of those areas.</li><li>On the real estate investments, only the ones for habitation purposes will be affected, meaning that for commercial/services or other purposes foreign investors will still be able to invest in the whole country, namely in Lisbon and Porto, just like before, after the 1st January 2022.</li><li>Family members can still benefit from the Family Reunification applications and benefits, even after 1st January 2022, as long as their Main Applicant/Investor has submitted his/her application before that (under the same law).</li></ul>&nbsp;Gustavo Machado Dias associate lawyer of CRS Lawyers&nbsp;The new regime comes into force on January 1, 2022 and is applicable to all applications for Residence Permits trough an Investment Activity (ARI) presented from this date forward.But until the regulation takes off, there is still a window of opportunity to utilise the popular Golden Visa programme via property investment.This new regime does not affect the processes in progress and which have been approved under the law currently in force. Meaning, existing renewal processes and granting /renewal processes for family reunification which associated investment has been made until the end of this year (still in the period of the current law).&nbsp;For more information, please contact:Christine Wong (REN06667)M: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>&nbsp;To find out more about the Portugal Golden Visa program, &nbsp;join our live webinar &lsquo;Let&rsquo;s Talk Property. Portugal&rsquo;s Golden Visa &ndash; Residency Through Investment&rsquo; on Thursday, 22 April 2021 at 6pm.Register&nbsp;<a href="https://internationalresidential.jll.com.my/event-calendar/22/apr/2021/portugals-golden-visa">here</a>

How to Invest In Portugal For Citizenship? Why is the Portugal Golden Visa so in-demand? And why are non-EU citizens applying in the hundreds?

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Tokyo is one of Asia&rsquo;s most exciting and dynamic cities, and home to 14 million people. As the capital of Japan, it is the economic and political heart of the country. And it is also hosting the delayed 2020 summer Olympic games this year.With such strong fundamentals, it comes as no surprise that demand for real estate in Tokyo remains bullish.High-rise condominiums are extremely popular in Tokyo where buyer activity has been relatively unaffected by the Covid-19 pandemic. Low interest rates and tax breaks have helped sustain property demand during this period.Contrary to the trend in major cities where there was an exodus to the suburbs during the pandemic, Tokyo has seen the reverse, with an increased demand for new developments in central locations as people look to reduce their commuting times.In summary, Tokyo boasts a resilient and healthy property market.&nbsp;Beautiful neighbourhood of ShibauraLocated in the Minato ward in the south of Tokyo is Shibaura, a beautiful neighbourhood located&nbsp;between the eastern side of the&nbsp;<a href="https://en.wikipedia.org/wiki/Yamanote_Line" target="_blank" title="Yamanote Line">Yamanote Line</a>&nbsp;train and Tokyo Bay.Why did we choose this area for property investment?Continue reading!&lsquo;Shibaura&rsquo; has great investment potential and is expected to see further growth due to multiple ongoing redevelopment projects. It is also a beautiful and enjoyable place to live in with the stunning&nbsp;Rainbow Bridge, scenic canals, and a futuristic cityscape.It is also well connected, being close to the busy Yamanote Line and the Mita subway station.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186444/olmwebcontents/ip/prod/oo0xjvpmxksduaozynar.jpg" />View from Tamachi Station&nbsp;The famous "Keio University", a leader in education, research and medicine, is near Mita Station, making it popular with university students.&nbsp;<img alt="" height="338" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186497/olmwebcontents/ip/prod/dhab7iwapc4akmhtuwts.jpg" width="602" />Keio University&nbsp;&nbsp;&nbsp;Shibaura consists mostly of artificial islands created by the excavation of industrial canals in the early 20th century. It was developed into a residential and commercial area as early as the early 2000s, and many corporate headquarters are now located at the area.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186611/olmwebcontents/ip/prod/wuk7slmj1nufp75xtkbb.jpg" />Shibaura House&nbsp;The thriving community has excellent living facilities including parks, schools and supermarkets. As a result, the bay area is now very popular with middle-, and upper middle-class buyers and renters.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186665/olmwebcontents/ip/prod/il1iid71bcsmycz78fem.jpg" />Canal side&nbsp;End of the RainbowNearby, and adding to the district&rsquo;s attractiveness, is the symbol of Tokyo Bay - Rainbow Bridge, a suspension bridge crossing the northern part of the Bay. It is located between Shibaura Pier and the Odaiba waterfront development in Minato.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186813/olmwebcontents/ip/prod/hvnvmzabfzdpeclitbtq.jpg" />Rainbow Bridge&nbsp;Conveniently located along the road from Tamachi station to the Rainbow bridge is a vibrant scene of supermarkets, restaurants, and stores. Residents and visitors enjoy the attraction of the Shibaura Canal Festival every September and the beautiful blossoms of sakura flowers in Spring.Shibaura South Port Park is a scenic marine park under the Rainbow Bridge, which can be enjoyed during the day or night. This is where many Tokyo residents come to enjoy the first sunrise of the new year on January 1 and the park has open spaces, benches and a sports plaza where you can play baseball and football.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186858/olmwebcontents/ip/prod/sp720vrfd0gmkq4hwwds.jpg" />Park (under the bridge)&nbsp;Investment opportunity: Branz Tower ShibauraWithin this bustling and exciting district, Tokyu Land Corporation has developedBranz Tower Shibaura, a high-end residential building located in Minato-ku.Situated in the center of Tokyo, the development allows residents to gain easy access to vibrant Shibuya, Ginza Shopping area and Otemachi, Shinbashi Office area.The freehold development consists of 32 floors and 482 exclusive apartments. The tower is also equipped with impressive facilities for residents including a crown terrace, crown lounge, fitness studio and guest rooms.With these facilities and its excellent location in one of Tokyo&rsquo;s up-and-coming districts, Branz Tower Shibaura is sure to be a highly sought-after private residence this year.And with Tokyo back on the global stage again this year as it hosts the summer Olympics, the timing couldn&rsquo;t be better.&nbsp;&nbsp;To find out more about this exciting development join our live webinar&lsquo;Let&rsquo;s Talk Property: Spotlight on Tokyo&rsquo;&nbsp;on Thursday, 15 April 2021 at 6pm.<a href="https://internationalresidential.jll.com.my/event-calendar/15/apr/2021/spotlight-tokyo">Register here</a>&nbsp;We will talk about the Tokyo property market, the impact of redevelopment in Shibaura and also introduce Branz Tower Shibaura to the Singaporean investors.&nbsp;For more information, please contact:Christine Wong (REN06667)M: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186941/olmwebcontents/ip/prod/msiibsv8c8wm0da8qjbm.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186947/olmwebcontents/ip/prod/bgbtiryvwwko9motwg02.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1617186954/olmwebcontents/ip/prod/ugmq2ggwwzrvpofwo4x5.jpg" />

Where to buy a property in central Tokyo? Our pick: the Tokyo Bay area – Shibaura. Read more to find out!

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Thanks to the university, Cambridge is seen as a hotspot for research, science and technology, which encourages leading companies to set up operations in the city and its suburbs (Astra-Zeneca, Microsoft and GSK).After all, Cambridge is the home of world-changing discoveries such as the structure of DNA. But how attractive is the property market there?&nbsp;Cambridge tops the charts for property investmentWhile Cambridge has a global reputation due to its university, there&rsquo;s a lot more to this UK city than just a world-class education. It also has a thriving economy comprising leading hospitals and a science park that attracts global companies.Having a world-renowned university comes with many benefits. Beyond the rental demand created by its large student population, the congregation of experts at the University of Cambridge has also created a research and development hub, bringing in professionals, scientists and international investors to the city.As a result, there is a continuous demand for property in Cambridge and the surrounding area.&nbsp;StudentsThe student population at Cambridge is enormous, with 20,000 students at the University of Cambridge and 22,000 students at Anglia Ruskin University.Around one in five residents in Cambridge are students, including undergraduates and postgraduates undertaking study and research.Moreover Cambridge also has a number of good schools catering to all age group with both state and private schools available.&nbsp;Global companiesThanks to the university, Cambridge is a hotspot for science and technology research, encouraging leading companies to set up operations in the city (Astra-Zeneca, Microsoft and GSK). After all, Cambridge is the home of world-changing discoveries such as the structure of DNA.Home to the Cambridge Biomedical Campus, one of the largest centres of health science and medical research in the world, Cambridge is also a technology hub, boasting a large cluster of high-tech businesses from software, electronics and biotechnology to science and engineering, harnessing the very best talent from the University and beyond.Cambridge&rsquo;s science parks are a partnership between the university colleges and businesses. Together, they have helped make them a world leader in futuristic industries like software and biotechnology.These have all brought highly-skilled, well-paid jobs to Cambridge and created huge demand for real estate.Addenbrooke&rsquo;s Hospital is a major teaching hospital and a world leader in medical research, along with nearby Royal Papworth Hospital. Both are huge employers with several thousand medical staff, researchers and support staff working there.The Cambridge economy has regularly been the fastest-growing economy within the UK and is likely to remain so in the future.&nbsp;ConnectionsCambridge is already well connected, being close to two major motorways and just 50 minutes from London by Thameslink train. A new railway line , the East-West Rail project, is planned to be built within the next decade, connecting it to the cities of Oxford and Milton Keynes.A new motorway-standard road, the Oxford-Cambridge Expressway, will also connect Cambridge to the M1 and Oxford.&nbsp;Property marketGiven the high demand and limited supply, Cambridge&rsquo;s house prices are some of the highest in the UK. Property prices have risen 85% since the 2008 global financial crisis, putting it among the highest in the UK&rsquo;s major cities including London.In 2020 there has been a 9% increase in new sales compared to 2019 (Zoopla). Rightmove has recorded it's busiest ever start to a new year in 2021, with visits to the site up 30% compared with a year ago. Buyer enquiries to agents are currently up 11% year-on-year, rental enquiries up 22% (02.01.21-06.01.21 v 04.01.20 -08.01.20). According to ONS, average rental values across the UK rose by 1.4% in the year to November. The South West had the largest increase (2.3%) and Scotland had the smallest increase (0.6%)&nbsp;(source: JLL Research, 2021).With particularly strong demand for rented homes, Cambridge properties can earn landlords some of the highest rents in the country.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504818/olmwebcontents/ip/prod/Cambridge_image002.jpg" />&nbsp;North West Cambridge DevelopmentThe North West Cambridge Development is the most significant capital project in the University&rsquo;s history.It is set to be a billion-pound urban district and the masterplan includes architecture that has been inspired by Cambridge: college courts, active street life, homes, research facilities, parks and amenities needed to sustain a city.The first phase of this development, Eddington district is already hugely successful, with plenty more to come.&nbsp;<img alt="" height="440" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504819/olmwebcontents/ip/prod/Cambridge_image003.jpg" width="752" />&nbsp;Eddington and the wider North West Cambridge Development seeks to secure the University&rsquo;s long-term future and contribute to the City&rsquo;s growth by providing homes for key workers, students and the public in a vibrant place to live.It is a vibrant, new community with a school, nursery, shops, market square, sports facilities and more than 50 hectares of open space for residents to enjoy. It has been carefully planned to minimise its environmental impact with a forward-thinking approach to travel, energy, landscaping and construction.&nbsp;<img alt="" height="440" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504818/olmwebcontents/ip/prod/Cambridge_image004.jpg" width="752" />&nbsp;Investment opportunityJLL is marketing a new development called Knights Park in Eddington, north west Cambridge developed by Hill - the third largest privately-owned housebuilder in the UK.The first homes have been completed and some of them have already been released for sale on the open market.Five minutes&rsquo; walk from Knights Park is the University of Cambridge Primary School. Rated Outstanding by Ofsted, it is the first primary University Training School in the UK.For older children, there is a choice of Good or Outstanding rated secondary schools across the city, while the Cambridge Academy for Science and Technology offers a STEM curriculum at GCSE and A-Level.There are also a number of independent schools in the area catering to students of all ages, in addition to the historic and internationally renowned University of Cambridge.&nbsp;Unique selling points:&bull;&nbsp; Catchment area for University of Cambridge Primary School&bull;&nbsp; Thriving tech hub in Cambridge City Centre; Astra-Zeneca, Microsoft and GSK&bull;&nbsp; Hyatt Hotel coming soon to Eddington&bull;&nbsp; 53 minutes* to King's Cross London&bull;&nbsp; Innovative, modern homes set within beautiful green spaces with cycling and pedestrian friendly routes&bull;&nbsp; 1, 2, 3 bedroom apartments &amp; 3 &amp; 4 bedroom houses*&bull;&nbsp; First phase of the development&bull;&nbsp; Prices from &pound;369,950*&nbsp;Join us at our webinar on 25 March 2021 to learn more about the Cambridge Property Market and Knights Park.25 March, 5.30pm Register&nbsp;<a href="https://internationalresidential.jll.com.my/event-calendar/25/mar/2021/cambridge-more-university-city">here</a>&nbsp;For more information, please contact:Christine Wong (REN06667)M: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504819/olmwebcontents/ip/prod/Cambridge_image005.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504819/olmwebcontents/ip/prod/Cambridge_image006.jpg" /><img alt="" height="505" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504819/olmwebcontents/ip/prod/Cambridge_image007.jpg" width="752" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504819/olmwebcontents/ip/prod/Cambridge_image008.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1616504819/olmwebcontents/ip/prod/Cambridge_image009.jpg" />&nbsp;&nbsp;Disclaimer: Jones Lang LaSalle Property Consultants Pte Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars do not constitute, nor constitute any part of an offer or a contract. All statements, contained in these particulars as to this property are made without responsibility on the part of Jones Lang LaSalle Property Consultants Pte Ltd, or vendors or lessors. All descriptions, dimensions, and other particulars are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of the each of them. No person in the employment of Jones Lang LaSalle Property Consultants Pte Ltd has any authority to make or give any representation or warranty whatever in relation to this property. This form was produced solely for preliminary orientation on the property and is not a sales documentation. It does not constitute any offer or part of any contract for sale or otherwise. It contains data that has been provided to JLL by third parties and while we believe it is reliable, we have not independently verified it and take no responsibility for it. The projections, opinions, assumptions or estimates are included for examples only and may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the Property and transaction. This is an overseas investment. As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary checks and research on the investment beforehand. Computer generated images are indicative only.&nbsp; *Prices and details correct at point of publication. Terms and conditions apply.

Cambridge: More Than a University City

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New residential projects are creating rare opportunities for property investment in the UK's fastest growing economy within commuting distance of LondonWorld famous for its prestigious university, cutting-edge research and magnificent heritage, Cambridge is also one of the UK's leading technology hubs and fastest-growing economies.A huge student population, excellent career opportunities and convenient access to London ensure consistently high demand for residential property in Cambridge, and several new developments are providing opportunities for overseas property buyers and landlords.&nbsp;Best and brightestThere's more to Cambridge than its elite university, but the institution's influence on local life and the economy is undeniable. University colleges are spread across the city and one in five local residents are students, many of whom remain in the city after graduation for postgraduate research or recruitment into the highly-skilled local workforce.Cambridge's science parks are partnerships between the universities and businesses that continue to attract substantial overseas investment from the world's largest brands. These partnerships have been instrumental in growing Cambridge's reputation as a world leader in fields such as biotechnology, medical research, software and pharmaceuticals, particularly around the high-tech cluster nicknamed 'Silicon Fen.'The growing importance of Cambridge's technology and research sectors have placed the city among the UK's fastest growing economies in recent years. Less than an hour from London and international airports, Cambridge is a convenient location for businesses in all fields, and access will improve further with the new East-West Rail link and Oxford-Cambridge Expressway expected to open in the next decade.&nbsp;Country charm and city convenienceCambridge's reputation for work and study overshadows its other perks as a comfortable and stimulating place to live. Numerous performance venues, museums and art galleries provide one of the richest cultural offerings outside London, and a packed events calendar has something for everyone &ndash; from the live bands of the Big Weekend to the Cambridge Folk Festival and traditional Midsummer Fair.Cambridge's shopping and dining options are just as diverse. With three shopping centers, traditional markets, independent boutiques and the wide selection of restaurants, cafes and bars that modern city dwellers expect, Cambridge has all the attractions of city living with the English countryside on its doorstep.Families with children are also exceptionally well provided for in Cambridge, with many highly rated primary, secondary and independent schools in the area. These include the University of Cambridge Primary School, St Bede's Inter-Church School and Chesterton Community College, all rated 'Outstanding' by education authority Ofsted.&nbsp;Buoyant residential marketWith consistently high demand from domestic and overseas students, professionals and families, Cambridge property can offer investors and landlords some of the highest yields in the UK. The problem, until recently, was the lack of new supply. Cambridge's heritage architecture may be one of its greatest draws for visitors and residents, but stringent building restrictions have long stifled development in the small city, even as they maintained high levels of demand and prices.This situation is gradually improving as more new residential developments are opening up Cambridge and surrounding areas to investment. The Government's proposed CaMKOx Arc initiative for Cambridge, Milton Keynes and Oxford is also aiming to bring one million homes and 1.9 million residents to England's 'brain belt' by 2050 by creating new neighborhoods and amenities.One such district in Eddington, a new community less than two miles from Cambridge's historic city center designed by the University of Cambridge as a successful model of sustainable urban planning. Premium homes and apartments are now available in Eddington at Knights Park, combining modern living with convenient access to Cambridge, London and the surrounding countryside.&nbsp;For more information about Knights Park and other residential properties in Cambridge and the UK, please contact:Christine Wong (REN06667)JLL International ResidentialM: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>

Cambridge city guide: Forward-thinking historic city

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When most people think of the cities of Europe, London, Paris and Barcelona spring to mind, for living in as well as buying property. As a result, this tends to push their property prices up given the investor demand. But Europe is a huge continent with lots of bustling cities when plenty of potential if you are willing to look further afield.One of these cities is Hamburg, which is Germany&rsquo;s second largest city after its capital Berlin. Traditionally, Germany has not been a priority market for overseas property investors based in Asia. Most usually look at the UK, Australia and the US when it comes to purchasing a second home or an investment property overseas.But more discerning investors have been looking at Germany as a way to diversify their property portfolios and improve their yields. Germany is also seen as lower risk than other markets like the UK post-Brexit. It also has the largest and most stable economy in Europe accounting for 20% GDP of the European Union (EU), which helps provide strong support for its real estate investment.Plus Hamburg, along with other German cities of Frankfurt and Munich are regularly ranked in the world&rsquo;s most desirable places in the world to live.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615965611/olmwebcontents/ip/prod/ur8pi8f8mixteaoyozpp.png" />&nbsp;Strong backdropDid you know that there usually a shortage of suitable properties available in Germany? This is because it has strict housing policies that only allow a limited number of new-build constructions each year, restricting the housing supply. This also mean there are no wild swings in property prices but more stable and sustainable growth instead.Germany has a very accessible education system with free education provided up to high school and no general tuition fees for public universities. At the same time, many German universities are ranked as some of the best in the world and more foreign students are now studying there. This opens up opportunities for graduates to work there, and across other parts of Europe.It may come as a surprise but in Germany many people prefer to rent rather than buy. It is heavily embedded in the German culture. This strong demand for rental properties means there is a strong Buy-to-Let market which offers a steady source of income to property investors.&nbsp;Why Hamburg?Hamburg has around 1.8 million inhabitants and is both a city as well as a state. The metropolitan area is seven times greater than Paris and two and a half times greater than London. As a result, Hamburg has the largest average living space of all major cities in the world, leading to high standards of living and housing.The city is known for its beautiful tree-lined waterways and lush parks. In fact, Hamburg boasts 2,302 bridges, which is more than Venice combined with Amsterdam.On the economic front, Hamburg is a huge gateway to the world and home to Germany&rsquo;s largest port. This has helped make it an extremely international and culturally-diverse city that has attracted more than 3,500 international firms and employers.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615965668/olmwebcontents/ip/prod/ygrmpavkmqa3i0b8gbnv.jpg" />&nbsp;City in a cityWithin Hamburg, a mini city called &lsquo;HafenCity&rsquo; is being developed as part of its maritime district. More than 7,500 residential units for around 15,000 residents are being built, as well as business premises offering in excess of 45,000 job opportunities (of which 35,000 will be in offices), plus educational institutions, restaurants and bars, retail, cultural and leisure amenities, with parks, plazas and promenades &ndash; after overall completion, 80,000 visitors per day are expected.This exciting project started in 1997 and is expected to be finished by 2030. This has opened up the number of properties available for purchase in Hamburg and its Buy-to-Let market is starting to flourish.JLL is selling a unique complex within HafenCity called Roots.&nbsp;The residential tower is 19 floors high and the tallest wood hybrid building in Germany.&nbsp;The development is also home to the German Wildlife Foundation, and includes a museum and restaurant while sitting in a waterfront location.Along with panoramic views over the River Elbe, buyers also enjoy guaranteed rental yields should they choose it as an investment property. These all make a very strong case to put Hamburg and the newly-developed Hafencity on your property radar.To find out more about property investing in Germany sign up to our livestream event on Facebook&nbsp;on 18 March.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615965860/olmwebcontents/ip/prod/ydw4mjtktus9n4o2ak1m.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615965868/olmwebcontents/ip/prod/wi9j9izymvouliem0e3k.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615965875/olmwebcontents/ip/prod/v42n6e9uakwsotkdxijs.jpg" />For more information, please contact:Christine Wong (REN06667)M: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>

Invest in Germany: Spotlight on Hamburg

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<div>The housing market has got the extended holiday many were hoping for and the clock is now effectively ticking for new buyers who haven&rsquo;t yet started the process of purchasing a home to take advantage of a reduced Stamp Duty charge.&nbsp;</div><div>Stamp Duty Extended Holiday&nbsp;According to Rightmove data it has taken an average of 54 days to sell a home since the holiday was introduced in July, down from an average of 70 days in the 12 months prior.Assuming the average time to sell a home remains at the current level, aspiring buyers have until 7th&nbsp;May to begin a purchase to take advantage of the holiday extension.Overall the Stamp Duty holiday has provided a much-needed confidence boost to the housing market following its full closure in March last year. However, its previous cliff edge ending on 31st&nbsp;March always risked seeing sales fall through increasing anxiety for aspiring purchasers. The extension will provide welcome relief to those purchasers and open the door to additional buyers. There now needs to be clear signposting introduced to ensure the cliff edge is not just pushed further down the road.Nick Whitten - Head of UK Living Research2% overseas Stamp Duty surplusThis tax represents a big shift in UK Government policy away from an open trade policy &ndash; until now there has never been a consideration of an investors origin if they are looking to buy an investment home.This tax will undoubtedly create some market resistance for an initial period until it becomes accepted. It should be noted that many other competing cities already provide higher levels of overseas taxation so the UK&rsquo;s major cities should remain competitive on the international stage.&nbsp;First Time Buyer Mortgages95% mortgages have been all but non-existent for some time now so the Government&rsquo;s mortgage guarantee scheme is hugely welcome news for aspiring home owners who have long faced mounting affordability issues.&nbsp;Capital Gains Tax changesThe UK has obviously seen a significant increase in its debts as a result of supporting the country through the COVID pandemic. Those who can pay more tax, should pay more &ndash; that is only right and it fits with the levelling up agenda.Nearly half of the UK&rsquo;s privately rented homes are in suburban locations owned by small scale buy-to-let landlords. There could now be an increase in demand for this kind of housing stock from first time buyers looking to take advantage of the new mortgage guarantee scheme. The proposed changes to Capital Gains Tax could prompt of flurry of sales from landlords looking to exit before the changes take place. However, if there isn&rsquo;t sufficient lead in time before the CGT changes take effect, it could reduce the volume of rental stock coming to market. CGT is ultimately a discretionary tax, and if homes become bloated with that tax, many landlords will opt to sit on their asset and wait.&nbsp;Wholesale Review of Residential TaxesLooking ahead, the Government has announced a Tax Day on 23 March and this could include the commencement of a widespread review of residential property taxes.Reviewing how residential properties are taxed in the UK is long, long overdue.Council Tax is based on residential values from 1991, which frankly are a very poor reflection of the current market. Meanwhile, Stamp Duty is a hugely inefficient tax which is ultimately a potential hindrance to the future economic prosperity of the UK. It makes no sense for people to find themselves &lsquo;locked-in&rsquo; to their current home because of the tax burden of moving. People need to be able to migrate towards opportunities as easily as possible in the 4th&nbsp;Industrial Age and as part of the levelling up agenda.Government also needs to acknowledge that we have an ageing population and SDLT is a hugely punitive tax for those looking to descend the housing ladder and right-size in later life. Without enabling more people to downsize, we face many people continuing to live inappropriate homes for their needs which in turn forces Government to have to increase expenditure on health and social care.However, any significant changes in the tax system must be carried out with care, following a detailed consultation and with a sufficient lead-in time. Any replacement residential tax should carry a similar starting burden for individuals. The variance should then occur over time to allow householders to adjust their finances accordingly.&nbsp;Overall Budget ConclusionThere are many welcome announcements within this Budget. However, solutions to the housing challenge must also focus on providing homes to suit a greater variety of end user needs. Society has changed and we must move away from the concept of blanket home ownership. We need measures to support an increase in purpose-built rental homes which will professionalise the private rented market, providing long-term, secure housing, and raising the profile of renting as an aspirational lifestyle choice.And we need attractive, specialist later life housing which will help free up family homes and make more efficient use of existing stock.&nbsp; With people living longer, the UK&rsquo;s ageing population is typically under occupying family homes, but appropriate alternatives will encourage right-sizing.Measures to address the housing market should be targeted at increasing all forms of supply, not just increasing demand for Private Sale housing only.&nbsp;&nbsp;<div display:inline-block="">For more information, please contact: Christine Wong (REN06667 M: +6012 908 6318 E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a></div></div><div><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1615536793/olmwebcontents/ip/prod/xshfagqea2aubbkmhted.jpg" /></div><div>Nick Whitten - Head of UK Living Research</div>

Spring Budget 2021: Stamp Duty Holiday Extension

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Our lives now revolve around our homes more than at any point in the past 250 years. In 2020, Covid-19 has accelerated a trend which is making our homes the centre of our lives once again with technology being the great enabler allowing us to satisfy our needs and wants in our homes.Our Residential Forecasts 2021 will look to the future and offer valuable insight on:<ul><li>UK house price and rental value forecasts for the next five years</li><li>Expected future housing starts and levels of transactions over the next half a decade</li><li>Which cities will witness the highest house price growth?</li><li>Will the Covid-19 pandemic trigger large-scale de-urbanisation?</li><li>What role is technology playing to satisfy our increasing needs and wants in our home?</li></ul><a href="https://internationalresidential.jll.com.my/download?pdf=677&amp;return_to=news/2020/11/12/uk-residential-forecasts-home-everything" target="_blank">Download Report</a>&nbsp;Nick Whitten our Head of UK Living Research discusses our latest forecasts in the video below.&nbsp;<div><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://players.brightcove.net/1268729899001/default_default/index.html?videoId=6205798275001" width="560"></iframe></div>&nbsp;For more information, please contact:Christine Wong (REN06667)M: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>

UK Residential Forecasts – Home is… for everything

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Shortage in supply of new-built condominium pushes up demands in resale marketThe sustainable growth of the Japan property market has been supported by a steadily-growing population in the metropolitan areas. As such, the shortage in supply of new-built condominium is leading more people to turn their eyes towards relatively new condominiums in the resale market. The Japanese traditionally favor new-built housing, but the recent trends tell us that there has been a change in the people&rsquo;s perceptions in the age of a building or property. Today, we will look at more insights of the recent trend in resale market. Demand of housing remains strong The population growth in metropolitan areas like Tokyo has been showing a steady increase. COVID-19 has changed our living and working styles in various ways, but the impact on housing demand is limited. Market observers commented that more people from the city central areas are moving to spacious houses in country side because of working from home (WFH) was being introduced during the state of emergency in April 2020. Indeed, according to the survey by Tokyo Shoko Research survey, 56% of companies adopted WFH at the time. However, in August, the companies still continuing with WFH reduced to 34.40%.&nbsp;Demand of housing remains strongThe population growth in metropolitan areas like Tokyo has been showing a steady increase. COVID-19 &nbsp;has changed our living and working styles in various ways, but the impact on housing demand is limited. Market observers commented that more people from the city central areas are moving to spacious houses in country side because of working from home (WFH) was being introduced during the state of emergency in April 2020. Indeed, according to the survey by Tokyo Shoko Research survey, 56% of companies adopted WFH at the time. However, in August, the companies still continuing with WFH reduced to 34.40%.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604395000/olmwebcontents/ip/prod/1.png" />Large companies have higher adoption rate of 61.31%, which is almost double that of mid-to-small size companies.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604394999/olmwebcontents/ip/prod/2.png" />However, in terms of participant rate, majority of large companies responded that no more than 30% of their employees actually WFH. Even so, it was often not full-time complete WFH but a partial one, i.e. biweekly or a few days in a week. Therefore, relocating to country side is not a practical option for the majority, as commuting to work is still required and thus good connectivity still remains important.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604394999/olmwebcontents/ip/prod/3.png" />Looking at the demographic movement in Tokyo, COVID-19 did affect the population movements, but not to the extent to call it as a population outflow. Indeed, demography by nationality showed the decrease in population was largely contributed by foreign residents returning back to their countries. As of August 1, Japanese population has increased by 58,114 comparing with January, while foreigner population has reduced by 4%. &nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604394999/olmwebcontents/ip/prod/4.png" />In the long term, population growth is still in an upward trend. On year on year basis, the Japanese population in metropolitan areas is increasing, despite the state of emergency was announced in April to May period disrupted the usual influx of people expected for every new school year and fiscal year starting in April.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604394999/olmwebcontents/ip/prod/5.png" />&nbsp;Fortunately, real estate sales activity has sprung back to what it used to be before COVID-19. There is still a great demand for condominiums from the local owner occupiers and the decrease of foreigners do not seem to affect sales. When businesses resumed after the state of emergency, local buyers started actively looking for housing like before. On year on year basis, there were even more transactions in the resale market in August.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604394999/olmwebcontents/ip/prod/6.png" />Shortage of supply in new-built condominiumsIn recent years, the supply of new-built condominiums in Tokyo has been decreasing, despite of the growing population and housing demands. The choice limitations turned buyers to the resale market for secondary alternatives. Land acquisition has always been very competitive in the already developed central areas in Tokyo. As city urbanization continues, the shortage of supply in new-built properties is expected to push up the demands of resale apartments.The next graph shows the transaction volume of resale versus new-built properties in Tokyo 23 wards over the past ten years. The transaction volumes of resale market showed increase gradually, as the new-built condo supply slowed down after 2013.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604394999/olmwebcontents/ip/prod/7.png" />Properties below 20 years are actively sought afterNew-built housing has always been the most preferred option for Japanese, because historically, houses in Japan were built by wood. It was believed that the newer the house, the better would be its durability. However, the situations are different today. With fewer new-built options and the advancement of superior construction qualities, resale apartments are generally now more accepted.As more buyers opt for resale markets as a substitute for new-built apartments, it resulted in the majority of transaction volumes concentrated in the relatively new buildings with age below 20 years. In terms of the transaction ratio against the supply, the building aged between 6 to 10 years shows the highest demand last year, followed by those of 11 to 15 years, 16 to 20 years and 0 to 5 years.&nbsp;Recommendation is up to 15 years oldThe observations showed that transaction volume zone is within 20 years old and so, investing in property below15 years is the best recommendation with consideration of the exit timing as well. Although buildings of 20 years old might sound &ldquo;old&rdquo; for overseas investors, the locals feel differently. Although traditionally the Japanese adore new-built properties, nowadays more people are realizing that the construction qualities after the millennium 2000 have become excellent to provide strong durability. Especially properties from established developers are well-maintained in very good conditions, which makes it no big difference to the new-built ones.Many Japanese developers have their own prestige brand names for their condominiums. Therefore, they put in their utmost efforts in maintaining their quality and reputation. Often, the building management is by developer&rsquo;s subsidiary company so as to make sure the same brand quality is achieved.Because of the superior construction quality, it is unlikely that owners of such condominiums will need to pay substantial amounts for maintenance in the first 10 years. That is why many property management companies offers guarantee plans that cover minor repair costs, as there is not much pay out expected during this period of time.After the first decade, some replacements of appliances like air-cons, dishwashers, water-heaters may be required due to service lifespans, but in general, the properties will look no inferior to new-built ones and are equally competitive in the markets.&nbsp;Property price continues to grow in prime locationsBoth resale and new-built condominiums in Tokyo have been on a steep price growth since 2013. The growth until 2016 were largely affected by the great expectations towards Tokyo Olympic game, which has brought significant impacts on the property markets not only in Tokyo central, but also to surrounding areas. The growth in the most recent couple years was due to more sustainable and rational factors. Good connectivity, prime locations, redevelopment and superior quality apartments are enjoying appreciation, whereas those properties without these factors are being left behind from the continuous growths.The demand for a good property in terms of quality and location is expected to remain strong in central area, as working in office is still a daily norm for majority. The shortage of new home supply will still continue, as land acquisitions will remain competitive in prime locations, which in turn can push up values of the existing good properties. It is therefore a good opportunity to widen your options to consider resale properties with strong growth factors.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1604395000/olmwebcontents/ip/prod/8.png" />&nbsp;For more information, please contact:Christine Wong (REN06667)M: +6012 908 6318E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>

Japan Resale Property Market overview

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Despite the challenges posed by Covid-19, new housing schemes, developments and initiatives in the UK continue unabated.The beauty of a city like London is that it has such a wide variety of vibrant districts spread across its vast metropolis. Most of these are steeped in rich heritage, dating back to Victorian times and beyond.One of the lesser-known areas in central London, is called the Silk District and sits in the east of the city. Back in the 17th&nbsp;century, the Hugenots were forced to flee France and brought their silk-weaving skills to this part of London. Before that you couldn&rsquo;t buy silk in England.While most Londoners will know the area as Whitechapel, the Silk District is being revitalised thanks to some new regeneration projects.&nbsp;This historic part of the city&nbsp;currently ranks in The Telegraph's Top 20 Places to Invest in London.&nbsp;Whitechapel visionThe Mayor of London&rsquo;s&nbsp;&ldquo;Whitechapel Vision&rdquo;&nbsp;is a &pound;300m investment to improve the local area, creating a new shopping destination, public squares and first-class educational opportunities.The regeneration plan aims to create 5,000 new local jobs, a new street market, seven public squares, a research campus, parks and a medical research centre.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1602666668/olmwebcontents/ip/prod/mzf3ityq1gq9hlwptir0.png" />&nbsp;Christine Wong, Head of International Residential, JLL Malaysia&nbsp;said:&ldquo;With unrivalled transport link and located closely to central London with the most attractive price point, JLL present to you one of the best investment opportunity available now.&rdquo;&nbsp;Up-and-coming neighbourhoodThe area is a magnet for city execs, technology workers and creative types with the ultra-cool Shoreditch enclave close by.A major part of the regeneration includes the opening of the high-speed Crossrail train network in 2021. When this opens, residents can reach Central London in 10 minutes or less. This improved connectivity is likely to spur healthy rises in property values in locations that have Crossrail access.&ldquo;There is currently huge appetite to invest in Whitechapel,&rdquo;&nbsp;Peter Gibney, director at JLL, commented.&ldquo;This area was first identified by JLL&rsquo;s Crossrail tool as offering the highest price growth potential compared with other Crossrail stations.Together with the emerging creative commercial hub and unparalleled convenience of location for both work and leisure, Whitechapel looks set for demand for residential investment opportunities to continue to outstrip supply.&rdquo;&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1602666731/olmwebcontents/ip/prod/zxt548r4i7s2cybhzdaw.jpg" />&nbsp;&ldquo;Neighbouring high-performing areas like Old Street and Spitalfields have seen staggering returns over the last five years, which demonstrates the best is yet to come.The Bouchon (the last phase of The Silk District) offers a great opportunity for savvy buyers and investors, and it&rsquo;s the last chance to buy in this up-and-coming development.&rdquo;Even without Crossrail, the Silk District and wider Whitechapel is on the edge of London&rsquo;s city centre located in the Zone 1 transport network.In fact, the Silk District is excellently located in between two of London&rsquo;s largest financial districts, the City of London and Canary Wharf.&nbsp;Strong growthThis part of London is predicted to grow strongly by 2024. The average price growth of the Silk District development is expected to be more than twice that of other new builds in the same postcode.While London&rsquo;s financial districts are very close, so too are a number of world-renowned universities including Queen Mary University, UCL, London Metropolitan University and King's College, which are all within 15 minutes.The Silk District&rsquo;s close proximity to these financial and educational centres guarantees a steady influx of people looking to rent or buy properties.&nbsp;And with a low price per square foot compared to neighbouring boroughs, the Silk District is ranked top by JLL for future price growth potential.&nbsp;New developmentsThe Silk District development is designed by Stockwell Architects and features a 24-hour concierge, secured underground parking, a cinema room, a private gym, rooftop gardens and a large commercial space.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1602666842/olmwebcontents/ip/prod/r9f3nqy4ici3moyrsfcj.png" />&nbsp;We have already successfully launched three phases of the development and now the fourth phase is ready to launch. For investors, a two-bedroom rental property in the Silk District could command a premium rental price and capital appreciation over the next few years.Ongoing area regeneration and Crossrail&rsquo;s arrival is the catalyst for a 25% projected price growth by 2024.Launching now &ndash; The Bouchon @ The Silk District, London E1.It is the tallest building in the development, rising to 25 floors, offering stunning views of Canary Wharf and the City.&ldquo;The Bouchon offers would-be buyers the last chance to buy within our development, The Silk District, which is scheduled for completion in spring 2024,&rdquo;&nbsp;Jon Hall, sales director at Mount Anvil.Could Whitechapel&rsquo;s Silk District be the investment opportunity you are waiting for?Book a one on one appointment today or contact: Christine Wong (REN06667) M: +6012 908 6318 E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>Register:&nbsp;<a href="https://internationalresidential.jll.com.my/event-calendar/18/oct/2020/silk-district-phase-4">https://internationalresidential.jll.com.my/event-calendar/18/oct/2020/silk-district-phase-4</a>&nbsp;<div>Download our brochures for more information:</div><div><div><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1602667128/olmwebcontents/ip/prod/yl77ibw4u84pxodbz3ju.png" /><div>The Silk District, The Bouchon <a href="https://internationalresidential.jll.com.my/content/download?property_id=802876&amp;brochure_id=3048026&amp;brochure_title=The%20Silk%20District%20The%20Bouchon%20Brochure&amp;d_type=brochure&amp;return_to=apartment-new/london/the-silk-district">Download Brochure</a></div></div><div><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1602667184/olmwebcontents/ip/prod/farr5mpprkjawdhby0et.png" /><div>The Silk District, The Bouchon <a href="https://internationalresidential.jll.com.my/content/download?property_id=802876&amp;brochure_id=3047742&amp;brochure_title=The%20Silk%20District%20The%20Bouchon%20Factsheet&amp;d_type=brochure&amp;return_to=apartment-new/london/the-silk-district">Download Factsheet</a></div></div><div><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1602667192/olmwebcontents/ip/prod/emho4mrfrt5fvwgyj7kb.jpg" /><div>Whitechapel Investment Guide <a href="https://internationalresidential.jll.com.my/download?pdf=673">Download PDF</a></div></div></div>

Smooth investors are picking London’s Silk District

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In fact, data from UK's Land Registry reveals Asian are among the top 10 buyers in the Capital.&nbsp;But with the uncertainty over no-deal Brexit and rising property prices, it's becoming harder for buyers to find an ideal investment that can yield good returns.In this article, you&rsquo;ll discover why The Silk District in Whitechapel, London E1 is the answer to many investors&rsquo; dream of owning a profitable rental property in the Capital.&nbsp;Five-Star Hotel Experience at the Heart of the CityNamed after Whitechapel&rsquo;s historic silk trade, The Silk District is a collaboration between Mount Anvil and L&amp;Q.The Silk District is designed by Stockwell Architects and features a 24-hour concierge, secured underground parking, a cinema room, a private gym, rooftop gardens, and a 3,500 sqm. of commercial space.The interior comes with Terrazo-inspired flooring, SMEG appliances, integrated wardrobes, full-height windows, and open-plan living spaces.An audio visual entry system plus 24-hour CCTV cameras make sure the residents are safe and secure.For first-time and experienced buyers, The Silk District promises a profitable opportunity to grow their assets.Here&rsquo;s why...&nbsp;The Launching Of Crossrail Elizabeth Line<img alt="" height="682" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1537255181/olmwebcontents/ip/dev/ahwzzfhcsqj47ocbnbid.jpg" width="1354" />With the upcoming opening of Crossrail, residents can reach London in 10 minutes or less.That means an increased flow of transport to and from the Capital and a 15.3% growth in rental prices by 2021. (Source: JLL)What&rsquo;s more, the Crossrail opening will likely initiate a price growth.This will bring Whitechapel more in line with its neighbors who are trading 50% to 60% higher.&nbsp;<img alt="" height="499" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1537255189/olmwebcontents/ip/dev/wq4fye6cmmgysf74dcyb.jpg" width="660" />&nbsp;Less Than 20 Minutes from Major Employment and Educational Hubs (City of London, Canary Wharf, and Stratford)<img alt="" height="530" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1537259588/olmwebcontents/ip/prod/thxitiugmfybeaq1xh2q.jpg" width="725" />The City has a 55% of the workforce between 25 and 39 years old while the average full-time salary is &pound;80,000 (SGD 142,682).This is the highest of any London borough and 3x the national average.Canary Wharf is one of three core financial and business services employment location in London.Experts estimate that Canary Wharf will see another 14% growth in next ten years -- bringing the total number of employees to 234,000 by end of 2026.Stratford expects 30,500 new students, four new university campuses, and will house Europe's largest shopping mall.Silk District&rsquo;s close proximity to these financial and educational centers guarantees a steady influx of prospects looking to rent or buy properties.&nbsp;The Rise of &ldquo;Generation Rent&rdquo;A 2016 analysis from PwC shows that by 2025, 60% of Londoners will be renters.Dubbed as &ldquo;Generation Rent&rdquo; this group aged 20 - 39 years old will boost the demand for private renting across the UK and will continue to do so over the next decade.&nbsp;But why is this so?Richard Snook, senior economist for PwC explains:&ldquo;High prices are making homes in the capital unaffordable to most and could undo a century long trend towards rising home ownership rates - in just 25 years the city has been transformed to one where rental is becoming the norm &ndash; especially for younger people&rdquo;&nbsp;David Snell, partner, PwC, adds:&ldquo;With around 60% of Londoners predicted to be renting by 2025 (40% private sector/20% social housing), policy will need to adapt. This could include encouraging a better quality of private rented accommodation including longer tenure periods, and more rental properties designed for families.&rdquo; &nbsp;(Source: PwC)&nbsp;For investors, this means a 2-bedroom rental property in The Silk District could command a premium rental price and capital appreciation in the next few years.&nbsp;The &pound;300m Regeneration PlanThe master plan aims to create 5,000 new local jobs, a new street market, seven public squares, a research campus, parks, and a medical research center.With the regeneration plan underway, investors should expect residential prices to skyrocket by 19.8% between now and 2021 -- outpacing much of Central London.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1537250616/olmwebcontents/ip/dev/gmpxwl09o9uxcu01y4am.jpg" />&nbsp;Co-developed by UK&rsquo;s #1 Company for Health &amp; SafetyFor the 5th consecutive year, the British Safety Council named Mount Anvil, developer of The Silk District, as UK's number one company for health and safety across any sector.&nbsp;The developer also received a five-star rating and an audit score of 99.96%.&ldquo;Mount Anvil is an exemplar organisation in respect to health and safety management &ndash; in the UK and internationally. They are dedicated to world-class health and safety&rdquo; -&nbsp;Joscelyne Shaw, Policy Director, British Safety Council&nbsp;Mount Anvil also received two Sword of Honors - a global award recognizing health and safety excellence.Furthermore, Mount Anvil homes are protected with a 10 Year Buildmark Warranty, in conjunction with the NHBC. This warranty protect landowners for 10 years against structural defects like roof and foundation failures.And for the first 2 years post legal completion, Mount Anvil, in conjunction with the NHBC, shield investors against defects resulting from failure to meet NHBC requirements.&nbsp;Ready to Invest In The Silk District?Singaporean investors who wish to capitalize on this opportunity may realize a double-digit growth in prices and rents.&nbsp;JLL&rsquo;s Director of Residential UK Research,&nbsp;Nick Whitten, explains:&ldquo;The Silk District in E1 falls into the perfect buyer hotspot, meeting demand for competitively-priced homes in an area with excellent transport links.&rdquo;&ldquo;We expect rental demand for The Silk District to be as strong as the forecasted rental growth of 15.3% by 2022.&rdquo;&nbsp;Exclusive Launch:24th &amp; 25th October 2020 Saturday &amp; Sunday | 10am to 6pm Mandarin Oriental Hotel Parkview 1, Level 2 Kuala LumpurFor more information, please contact:Christine Wong (REN06667) M: +6012 908 6318 E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>Register:&nbsp;<a href="https://internationalresidential.jll.com.my/event-calendar/18/oct/2020/silk-district-phase-4">https://internationalresidential.jll.com.my/event-calendar/18/oct/2020/silk-district-phase-4</a>

Could Whitechapel’s Silk District Become the Next Big Opportunity Malaysian Property Investors Are Waiting For?

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The pride of Scotland and a property hotspotEdinburgh has a lot going for it in terms of having a thriving financial and technology sector, world-class universities and a rich history. It also has lower property prices than London, a high standard of living and is undergoing some major regeneration projects across the city.Those factors should be more than enough to entice overseas property investors to think outside of London and focus on Scotland&rsquo;s capital city instead. Edinburgh also has a higher percentage (77.8%) of its working age population in employment than any other major UK city. That makes for a healthy labour market which underpins its strong economy.Along with its economic and business credentials, Edinburgh is a picturesque city steeped in history and with roots dating back to the medieval times. It has a number of stunning natural and man-made landmarks including a famous castle that sits high above the city.&nbsp;Financial hubWhile London is one of the world&rsquo;s leading financial hubs, Edinburgh is also seen as a significant financial centre within Europe. It is home to a large number of banks, insurers and fund managers.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600139440/olmwebcontents/ip/prod/o5rq2lpif2ufdog8vrkh.jpg" />&nbsp;In fact, Edinburgh is ranked the number two city after London in terms of economic growth. As a world-class city it attracts a high level of foreign investment as the UK&rsquo;s second biggest financial centre. It also has a thriving technology scene.Salaries are also high in Edinburgh and the average hourly pay was &pound;15.00 in 2018, which is at least &pound;1 higher per hour than seven other major UK cities. This could be partly due to the fact that a large proportion of workers are in high skilled occupations. At 37.8% of all workers, this is more than other UK cities, including London. This means a healthy rental market of young professionals.&nbsp;University cityThe University of Edinburgh is one of the most prestigious academic institutions in the UK and was ranked 20th according to recent World University Rankings.Around one-third of the student population are from overseas, and the top five nationalities are China, the US, Germany, Canada, and Italy. This highlights Edinburgh&rsquo;s appeal to an international audience.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600139512/olmwebcontents/ip/prod/f2dvldb9jias5kkdrtjx.jpg" />&nbsp;Property opportunitiesEdinburgh has long been viewed as a highly desirable place to live which means housing in the city is in high demand. Edinburgh has achieved 6% growth for residential property prices between 2018 and 2019 exceeding London, making it attractive for those looking for capital growth.But it also offers plenty of potential as a source of income with a large pool of renters. We note that a quarter of homes in Edinburgh are privately rented compared to the UK average of 16%. The vast majority of them are owned by buy-to-let investors.On the back of a critical shortfall in housing supply, we expect Edinburgh to be one of the top-performing residential markets in the UK over the next five years.&nbsp;Modern cityAlongside its rich history, Edinburgh also boasts lots of modern facilities, more than 50 theatres and four respected universities. Plus many parts of the city are being regenerated including St James Quarter which is undergoing a &pound;1 billion facelift.New Eidyn is a new development being built in the heart of St James Quarter. It will include 152 beautifully-crafted apartments with spectacular views of the city.What&rsquo;s unique about New Eidyn is that it will be located above the new St James Quarter lifestyle destination which includes four floors of shopping, dining and leisure facilities.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600139521/olmwebcontents/ip/prod/yrbsrhqj63je1bnyg8al.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600139532/olmwebcontents/ip/prod/sm7cu5ujianumnknthyz.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600139557/olmwebcontents/ip/prod/gsktwf6nsnarhteipobz.jpg" />&nbsp;The apartments include access to a private residents&rsquo; garden, underground car parking along with membership rights to the neighbouring W Edinburgh hotel&rsquo;s gym.These are high-end features for a development that could become one of the standout attractions of Edinburgh&rsquo;s regeneration.The UK is an attractive place to invest for overseas property buyers and many are now venturing further afield to look at other major cities across the country. Edinburgh should be high on that list.&nbsp;For further information, please contactChristine Wong (REN06667) M: +6012 908 6318 E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>&nbsp;New Eidyn - Launching in Malaysia on 3rd&nbsp;October<a href="https://internationalresidential.jll.com.my/event-calendar/03/oct/2020/new-eidyn">Register now</a>

Investing in buy-to-let property in Scotland. Why Edinburgh?

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Real estate in the United Kingdom (UK) has always been a hit for Malaysian property investors. Besides being viewed as a highly-favoured study destination, UK real estate had always boasted strong capital growth and steady rental yield.However, with the noise on UK&rsquo;s withdrawal from the European Union (Brexit), coupled with the upcoming challenging winter season and rise in Covid-19 cases which Prime Minister Boris Johnson has labelled a second wave of virus, will the UK retain its appeal as a property investment hotspot?<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1601366574/olmwebcontents/ip/prod/utbt8syv2n6ulzxgyy4n.png" />&nbsp;It is noteworthy that UK house prices soared to record highs last month since 2016 August despite the Covid-19 crisis, with market observers attributing this to the stamp duty cut and pent up demand.Whether this trend is a flash in the pan is anyone&rsquo;s guess.Slight recovery in 2022Property consultancy firm JLL Research head of UK Living Research Nick Whitten points out that UK is the sixth largest economy in the world, with London being the capital city. Other notable cities include Birmingham, Manchester, Glasgow, Liverpool, Bristol and Edinburgh.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1601366547/olmwebcontents/ip/prod/k6jhwdocvsaviqdti6ei.jpg" />&nbsp;Whitten is more conservative about the market. The lockdown period severely affected transaction volume and he expects average house prices to drop about 8% this year, remaining flat in 2021 before recovering to 3% in 2022 and 5% in 2023 and 2024.For Greater London and prime Central London, he sees prices rising as high as 6% and 7% respectively, in 2022.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1601366595/olmwebcontents/ip/prod/orvmdddzhvif1erbtcnj.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1601366627/olmwebcontents/ip/prod/qntemf2vwklwbbrzgrli.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1601366650/olmwebcontents/ip/prod/f7qewnp2iorbdi0rkqor.jpg" />What investors should note are areas marked for regeneration. The infrastructure in these areas is being upgraded by public initiatives and new homes built by private enterprises.&ldquo;Notable hotspots include Whitechapel with the upcoming Crossrail station that connects East and West London on high speed rail. In 2016, JLL produced a research report which reviewed all the 42 Crossrail stations. This document researched aspects like price growth, rental demand, lifestyle and the general impact on the area. Whitechapel was in the top spot for price growth out of all 42 stations,&rdquo; says Whitten.Whitechapel is located two minutes away from the City of London and three minutes from Canary Wharf, one of the three core Financial and Business Services (F&amp;BS) employment locations in London in large part responsible for the capital&rsquo;s emergence as Europe&rsquo;s premier financial centre.Will London remain a good property investment choice? JLL Property Services Malaysia Lead of International Residential Christine Wong believes so, thanks to its undervalued currency, relatively cheaper stamp duty compared to other major cities and strong economic fundamentals.&ldquo;The 2020 UK Budget has announced a 2% rise in stamp duty for foreign buyers effective April 2021 &mdash; completed purchases before that date will pay the same as domestic investors. The Sterling Pound is also undervalued with the pound to dollar exchange rate at US$1.40 as compared to May this year at US$1.23 and pre-Brexit in 2016 at US$1.48,&rdquo; says Wong.Contributed by NATALIE KHOO / EDGEPROP.MYPublished on September 25, 2020

Expected price growth for UK properties in 2022

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The Portman Estate is investing more than &pound;250m into fashionable Marylebone to create a new residential hotspot in the heart of London W1&nbsp;London is consistently one of the most popular global cities for overseas property investment, and a prestigious Central London postcode is the gold standard for wealthy buyers and professionals who want the best of the city on their doorstep.Extensive regeneration continues to offer new opportunities to live and invest in London's most fashionable districts, among them Marylebone.A stone's throw from Oxford Street and Mayfair, surrounded by Royal Parks and a popular boutique shopping and dining destination in its own right, Marylebone in the Borough of Westminster is one of the most central and best-connected areas of London.The residential sales and lettings markets in Marylebone have remained robust over the past few years, and JLL expects growth to accelerate as the ongoing regeneration and forthcoming high-speed Crossrail services at nearby Paddington station draw more investment to the area.&nbsp;Marylebone's transformation is centered on The Portman Estate, a mixed-use neighborhood covering 110 acres of prime Central London real estate that dates back to 1532.Working with some of London's most esteemed property developers, the Estate is investing more than &pound;250m into Marylebone and surrounding areas over the next decade to improve living standards even further, bring more new and refurbished properties onto the market and ensure their long-term growth prospects.&nbsp;Village in the cityDespite its central location, Marylebone has held on to its village charm, particularly among the Georgian architecture and independent retail streets of The Portman Estate. The wider Marylebone area is famous for its specialist stores and home to several Michelin-starred restaurants, making it a popular destination for discerning Londoners looking for a more authentic alternative to the global brands of nearby Oxford Street and Regent Street.Part of London's artistic West End, Marylebone also has cultural experiences to entertain and inspire locals all year round, from the eclectic art exhibitions at The Wallace Collection to music recitals at the legendary Wigmore Hall.Nature lovers and families have two sprawling Royal Parks in walking distance &ndash; 350-acre Hyde Park and Regent's Park with its iconic zoo &ndash; and many of London's highest-rated schools, colleges and universities are just minutes away on the Underground, including King's College London, University College London, Imperial College London and the London School of Economics.&nbsp;<img alt="" height="867" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600678636/olmwebcontents/ip/prod/pb4poe4l288ea1pyylpc.jpg" width="1300" />&nbsp;At the center of London's transport network, Marylebone is exceptionally well connected to all parts of London and further afield by local Tube stations such as Marble Arch and Edgware and nearby Paddington station, offering high-speed connections to financial district Canary Wharf in just 17 minutes and London Heathrow Airport in 34 minutes on the Crossrail Elizabeth Line.With the opening of Crossrail now delayed until the first half of 2022, investors in London property can still look forward to the anticipated rise in demand and house values once services begin.&nbsp;Meticulous living spacesLocated in the west of The Portman Estate, TwentyFive is the new flagship residential development of the area that's already welcoming overseas investment.Developed by Native Land, TwentyFive offers 23 meticulous studios, one, two and three-bedroom lateral apartments and two lateral penthouses across eight floors.The mixed-use building also includes over 44,500 square feet of office space at OneThreeSix and four retail units, setting a new standard for high-end living and working locations in London.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600678691/olmwebcontents/ip/prod/lntpsvzanstcrkv4zzbq.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600678742/olmwebcontents/ip/prod/dpxsedpzadx1os3w0iiw.jpg" />&nbsp;Designed by architects Stiff + Trevillion, the eye-catching development makes the most of its stunning location with dual aspect views in most units and Juliet balconies for all.The spacious contemporary interiors by MSMR Architects use natural oak and stone, light color palettes and reflective surfaces to set a calm and airy atmosphere to help city dwellers unwind.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600678763/olmwebcontents/ip/prod/pskdezj0nrvj8ibrezwr.png" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1600678782/olmwebcontents/ip/prod/py2zcxxozrysryiuge2p.png" />&nbsp;Residents can also access a private gym, a pool and spa at the neighboring Marriot Hotel, concierge services, secure underground car parking and other amenities, alongside the perks of a central London W1 location.&nbsp;For further information, please contact JLL:Christine Wong (REN06667) M: +6012 908 6318 E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>&nbsp;Twenty Five - Launching in Malaysia on 3rd&nbsp;&ndash; 4th&nbsp;October<a href="https://internationalresidential.jll.com.my/event-calendar/03/oct/2020/twentyfive-marylebone-w1">Register now</a>

Marylebone regeneration creating high-end residential opportunities in Central London

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While London continues to entice property buyers and investors from all over the world, some savvy ones are looking outside the capital where prices tend to be cheaper &ndash; &lsquo;where prices are seen as better value 58% migration into areas like Staines-upon-Thames is from London&rsquo;.Not only are prices lower once you leave the city, but many prefer the quieter suburbs and the slower pace of live living on the outskirts of a major city like London. The suburbs have an abundance of green space, parkland and a wider range of schools and other amenities which have proven more important than ever.Thankfully there a number of leafy areas on the outskirts of London to choose from.One such place is&nbsp;Staines-upon-Thames, a picturesque town nestled on the outskirts of London, on the River Thames yet only a 35 minute train ride from the city centre.This part of the UK enjoys average residential values that are &pound;100,000 (S$180,000) less than in central London.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1598940011/olmwebcontents/ip/prod/vjpyql8ourjx5gba23uz.jpg" width="670" />&nbsp;Hidden gemEden Grove&nbsp;is one such development that could tick all the boxes for investors looking for lower prices than the capital, a new-build complex and plenty of perks for residents including a gym, co-working space, private cinema, landscaped gardens and a 24-hour concierge.Launching in September, Lavender House will be the first phase of the Eden Grove development.It will be the tallest residential building in Staines-upon-Thames offering spectacular views of the countryside.It sits in the beautiful Surrey countryside neighbouring historical Ascot and Windsor with Windsor Castle only 14 minutes by car along with the famous Eton College.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1598940027/olmwebcontents/ip/prod/smiu8tpmdf1ghaubtfal.png" width="670" />&nbsp;There are also more than 20 independent schools within a six-mile radius while Heathrow Airport is a 10-minute drive away.&ldquo;It is a rarity to find a premium newly built residential opportunity not only just a short walk from the River Thames and in close proximity to the English countryside but also benefiting from exceptional transport links to Central London and Heathrow Airport.&rdquo;&nbsp;&nbsp;Paul Vallone, Executive Chairman St Edward&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1598940052/olmwebcontents/ip/prod/mkc37t8ubvws0bmehrjf.jpg" width="670" />&nbsp;Growth potentialNot only is it a pleasant residential area but Staines-upon-Thames is the number one growth area in the UK for new companies to set up. including world-class businesses&nbsp;Netflix, Samsung and BP.Given this, Staines-upon-Thames is in the top 10% locations across the UK for economic growth potential.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1598940086/olmwebcontents/ip/prod/yjkkjgzc8pvbrqfnhhka.png" width="670" />&nbsp;Another strong point is the growth potential of property prices in Staines-upon-Thames.Property values in the area has grown 22% in the last five years and are forecast to grow by a healthy 7.6% a year from 2020 to 2024. This offers plenty of upside for capital growth while providing decent rental income.&nbsp;&lsquo;&rsquo;We expect history to repeat itself with Greater London and South East locations performing the strongest as we emerge from the COVID-19 crisis, just as they did coming out of the Global Financial Crisis. Once the dust settles house prices and rents will begin to grow again from as soon as 2021 in locations with strong demand fundamentals such as Staines-upon-Thames.&rsquo;&rsquo;&nbsp;&nbsp;Nick Whitten &ndash; UK Head of Residential JLL Research&nbsp;A one-bedroom apartment is expected to earn up to &pound;1,575 a month in rent while a two-bed is estimated to earn around &pound;2,000 a month.The developer of Lavender House is St Edward which is a joint venture company between M&amp;G Investments, owned by Prudential, and property developer Berkley.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1598940112/olmwebcontents/ip/prod/utq0geto2rrnx0wstsqt.jpg" width="670" />&nbsp;While London has always attracted global property buyers, a new breed of overseas investor is now looking further afield at the hidden gems that the UK has to offer. These come with an enticing combination of lower prices and greater growth potential.&nbsp;For more details about&nbsp;Eden Grove, you may contact Christine Wong (REN06667) M: +6012 908 6318 E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a>&nbsp;Attend the Malaysia launch on 19-20 September 2020, 10am-6pm<a href="https://internationalresidential.jll.com.my/event-calendar/20/sep/2020/eden-grove">Register here.</a>

Spreading your property wings outside London

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In recent years, London has seen phenomenal growth in property prices which is testimony to its economic stability and attractiveness as a great place to live. This has put it firmly on the radar of property investors, keen to tap into these rising prices while also earning a decent yield from rental income.Foreign buyers particularly like investing in London, and strong overseas demand is helping to keep property prices in the capital edging upwards. Many are drawn to its glitzy and star-studded districts like Chelsea and Kensington.But there are a wide number of areas being regenerated across the city by the UK government which could attract even more buyers to invest.These regeneration projects tend to be in older neighbourhoods in need of fresh capital to help revitalise them and spark economic growth. This provides an excellent opportunity to invest as property prices are generally lower than other parts of the city, but offer greater potential for capital growth.Billions of pounds are being invested across many parts of London including its East End. This money will go towards improvements to infrastructure and amenities in those areas and create increased demand for housing. Developers in the UK are often instructed not just to build residential buildings, but also to create new community hubs for residents to live, work and play as part of the regeneration.TwelveTrees Park&nbsp;is being built in the borough of&nbsp;Newham, in the heart of London&rsquo;s East End where a number of these regeneration projects are happening. It&rsquo;s one of the most highly anticipated large-scale developments in London given its enviable location and connectivity.Newham is already home to a highly-successful regeneration project in the form of Olympic Park which was revitalised for the 2012 Olympic games. More than &pound;1billion is now being spent on developing the park further.&nbsp;Growth potentialNewham&rsquo;s population is expected to grow in the next few years to more than 380,000 making it comparable to many of the UK&rsquo;s smaller cities. This will create a need for more housing in the area, including new builds like TwelveTrees Park.Figures show that house prices in this area have already been growing strongly and should continue to do so as the regeneration projects take shape.Property buyers are likely to be drawn to TwelveTrees Park because of its connectivity to other parts of London and the enviable greenery it offers, along with its growth potential.This new development will be set in 12 acres of open green space that includes landscaped gardens and a WiFi enabled park. In fact, more than half of TwelveTrees Park will be dedicated to green space.The ambitious development will include around 3,800 homes &ndash; a mix of studios, one, two and three-bedroom apartments along with exclusive penthouses &ndash; spread across the vast green space. This offers plenty of price points for property investors for TwelveTrees Park, which will be completed by 2024.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1597741112/olmwebcontents/ip/prod/emjiboh41rdcttvcexkm.jpg" />&nbsp;Getting connectedConnectivity is a strong point of TwelveTrees Park, as it&rsquo;s only a one-minute walk from West Ham station, which is linked to five rail and tube lines offering fast and regular links to the city centre and beyond.The location also has quick access to the high-speed Crossrail network, while London City Airport is just 10 minutes away. Investors like to buy properties close to public transport as it makes them much easier to rent out.Those living in the development will have access to a residents&rsquo; gym, business lounge, screening room and 24-hour concierge service. Such features are attractive to tenants and should help achieve higher rental incomes.&nbsp;Sweet spot&ldquo;Twelve Trees Park (TTP) hits the mark on three different distinct criteria &ndash; location, transportation and regeneration. With 5 lines connecting this mixed-use development to the rest of the city, TTP will be known as one of the top connected development in London and a jewel in the rejuvenation of East London.&rdquo; said Christine Wong, Head of International Residential, JLL Malaysia.As TwelveTrees Park enters its early sale period, now is seen as an excellent time to gain a first-mover advantage and invest. The growth potential and location are major attractions likely to spark strong demand.

London’s regeneration projects spell capital growth

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Tokyo&rsquo;s bay area &lsquo;Shibaura&rsquo; has great investment potential and is expected to see further growth due to multiple redevelopment projects. Learn more by watching the recording from our webinar.<div><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/JSMMadg2SIY" width="560"></iframe></div>We were discussing about the impact of redevelopment in Shibaura and introduced Branz Tower Shibaura, one of the latest projects by TOKYU LAND CORPORATION.Branz Tower Shibaura is a high-end residential located in Minato-ku, developed by TOKYU LAND CORPORATION. The freehold development consists of 482 exclusive apartments and is located near Tamachi Station and with JR Yamanote Line still in the pipeline. Situated in the center of Tokyo, the development allows residents to gain easy access to vibrant Shibuya, Ginza Shopping area and Otemachi, Shinbashi Office area.The 32 floors height tower also equipped with fascinated common facilities including crown terrace, crown lounge, fitness studio, guest room etc.

Branz Tower Shibaura Showroom Walkthrough

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<div><div id="block-system-main"><article id="node-657" about="/news/2020/08/12/soho-apartments-make-smart-property-choice" typeof="sioc:Item foaf:Document" data-sf-ec-immutable=""><div><div><div property="content:encoded">Given how unique and trendy they are, Soho apartments are proving popular with buyers. They are ideal for those who want to work from home, along with urbanites who enjoy city living.&nbsp;So what exactly is a Soho apartment?The term stands for Small Office, Home Office (Soho) which highlights perfectly their dual use of being a comfortable place to live in while also providing plenty of space to work in.Feature-wise, Soho apartments tend to have high ceilings similar to loft-style apartments. With this generous vertical space, you can customize your living and working areas according to your needs and likes. Some buyers install platform beds high up and have their office space below.&nbsp;Why are they so attractive?Our working lives are becoming more flexible and many more people now have the opportunity to work from home on a regular basis. This was a trend before Covid-19 and has now accelerated as employees are given the freedom to work more from home.Others who are self-employed or run their own business may choose to work from home permanently, along with freelancers and those working in the gig economy. This means that more and more of us are using our homes as offices.A Soho apartment offers the best of both worlds. Ample working space and the flexibility of being able to live there too. They are also attractive to urbanites &ndash; people who enjoy living in or very close to the city centre as most Soho apartments are built in these areas. Having the city on your doorstep and all its amenities like shopping malls, cinemas, bars and restaurants can be hugely appealing.&nbsp;Why buy one?Soho apartments are considered value for money given their sought-after city locations and combined usage as a comfortable living and working space.Plus, having that vertical space gives you a unique opportunity to get creative. You may want to install full-length wall bookshelves with rolling ladders. Or you could put in wall mounts to hang up your bikes to save floor space. You could even set up a projector screen on one of the high walls for home movies.Another attraction to Soho apartments are the facilities normally included within the development. These range from private meeting rooms and lounges, which makes life even easier for you whether you are working, playing or socialising.Widya Lesta, Head of International Residential, Singapore, said: &ldquo;Soho apartments are really hitting the sweet spot right now given the rising number of people who are using their homes as offices. It is a trend that is likely to be long term as the future of work changes and becomes more flexible.&rdquo;&nbsp;Where are they being built?While Soho apartments and loft living are normally associated with New York&rsquo;s Manhattan district, this popular property type has now popped up in virtually every major city across the globe. In Asia, Soho apartments are proving a big hit with young people, urbanites and those who are part of the gig economy &ndash; working flexible hours and locations.In Japan, we are working with property developer Keihan Real Estate which is building a 12-storey residential development in Osaka&rsquo;s trendy Nishi district. It will include studio apartments, one-bedroom and two-bedroom units and should be completed by early 2021. Osaka is one of the fastest growing cities in Japan but average property prices are about 30% cheaper than in Tokyo.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1597223347/olmwebcontents/ip/prod/fm7hv4so8n2ubaysgbps.jpg" />&nbsp;<div><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/ljbpuc2DebQ" width="560"></iframe></div>If you want to know more about Soho apartments and buying opportunities, please&nbsp;<a href="https://internationalresidential.jll.com.my/event-calendar/24/aug/2020/high-horie">register&nbsp;</a>for our webinar on 24 August 2020 at 5pm&nbsp;Christine Wong (REN06667) M: +6012 908 6318 E:&nbsp;<a href="mailto:wong.christine@ap.jll.com">wong.christine@ap.jll.com</a><div> </div></div></div></div></article></div></div><div>&nbsp;</div>

Soho apartments make a smart property choice

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In this video, Meg Tang from JLL Japan will explain the differences between Joint Tenancy and Tenancy In Common<div><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/MZdMdy_wQAw" width="560"></iframe></div>

Japan Property Investment FAQ: Joint Tenancy or Tenancy in Common?

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In recent years, the waterfront area of Glasgow has become a new go-to destination for business. It was once a shipbuilding and industrial heritage, but the area has skewed towards office developments as it builds its reputation as a modern business district.Financial service giants including JP Morgan and Barclays and public sector bodies such as HMRC are stepping in, with more to come as the southern bank of the Clyde undergoes wider regeneration.Mike Buchan, JLL Glasgow lead director states that Glasgow has a compact city centre and finding the larger building footprint occupiers are increasingly looking for, is more difficult. Hence, people are realising the waterfront area is a good option because it has the space for companies to build appropriate scale of offices to their specification in a location close to the key Glasgow transport connections.He further added that Glasgow&rsquo;s skyline is certainly changing and there&rsquo;s demand for taller buildings.Similar to other UK cities, Glasgow-based businesses are seeking modern, flexible buildings with inspiring external environments and nearby amenities such as cafes, gyms and restaurants that will attract and retain skilled workers.<a href="https://www.bbc.co.uk/news/uk-scotland-scotland-business-44910560" ref="nofollow" target="_blank">Barclays is creating a further 2,500 jobs</a>&nbsp;at an office campus as part of the Drum Property Group&rsquo;s Buchanan Wharf development in a move that is believed to be the&nbsp;<a href="https://www.scotsman.com/business/companies/building-on-the-clyde-set-to-turn-the-tide-1-4901497" ref="nofollow" target="_blank">largest recorded office deal in the UK regions over the past decade</a>. The development would also include a further 360 build-to-rent apartments to help accommodate the city&rsquo;s growing workforce.JPMorgan Chase has also just announced the development of a new technology hub for 1,750 people on Argyle Street.A &pound;25 million investment in&nbsp;<a href="https://www.glasgow.gov.uk/article/24551/Council-told-of-25million-plans-to-transform-Custom-House-Quay-on-the-Clyde" ref="nofollow" target="_blank">Custom House Quay</a>&nbsp;to further improve the Quay walls, aims to pave the way for future redevelopment and usher in a new chapter for the area as a vibrant place to work and socialise.Future plans include a mixed-use scheme in the Candleriggs Quarter which would combine offices and homes with shops and leisure. Further along the waterfront towards the west end,&nbsp;<a href="https://www.bbc.co.uk/news/uk-scotland-glasgow-west-44696072" ref="nofollow" target="_blank">a &pound;100 million retail outlet</a>&nbsp;are planned with restaurants, shops and a cinema.&ldquo;Glasgow City Council are acutely aware that Glasgow&rsquo;s highly-regarded universities are producing the talent the city needs to thrive; now it&rsquo;s all about providing the right environment and community to encourage them to remain in the city after graduation,&rdquo; says Buchan. &ldquo;Glasgow is facing competition from the major UK regional cities and beyond, therefore new commercial and residential developments are essential for the future success of the city.&rdquo;&nbsp;&nbsp;Redeveloped train stationsInvestments in train stations, as part of wider infrastructure projects, have aimed to position UK towns and cities as well-connected destinations.This include the transformation of Manchester&rsquo;s central Piccadilly station to host the planned HS2 high speed rail link, as part of a bigger development to&nbsp;create a new city district&nbsp;with 5,000 homes, 250 hotel rooms and hundreds of offices and shops. The project also include the &pound;161 million revamp of Leeds Central Station to make the station a hub for national services, as well as remodel the surrounding roads and build over three million square feet of shops, offices and restaurants.&ldquo;The modern rail project can be transformational,&rdquo; says Charles Pinchbeck, Head of West End Development at JLL. &ldquo;Train stations are an integral part of placemaking schemes, offering the accessibility that is a key factor in the regeneration of an area.&rdquo;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1587975268/olmwebcontents/ip/prod/pbddvznthvehwlc5uqry.jpg" />&nbsp;Successful PlacemakingGood design plays a critical role when it comes to the use of space surrounding the architecture of the building, whilst companies and homebuyers increasingly prioritise wellbeing and sustainability.&ldquo;Placemaking is one of the greatest trends of the century &ndash; people don&rsquo;t just want to be in buildings, they want to be in places. The quality of the environment is absolutely crucial &ndash; is it healthy, stimulating and sustainably built?&rdquo; says Pinchbeck.&ldquo;Accessibility was not the catalyst for the regeneration, but the making of the place itself,&rdquo; Pinchbeck added. &ldquo;For a redevelopment scheme to succeed in boosting the economy and improving quality of life, it needs to offer good transport links as well as a curated retail, office and leisure environment with high-quality buildings to create the places where people want to be.&rdquo;As towns and cities across the UK look to attract a new wave of businesses, investment and people in the coming years, trains stations will continue to be at the heart of urban modernisation projects.&nbsp;For more information about UK investment opportunities, 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>.

Why Business Is Moving Into Glasgows Waterfront & How Central London Train Stations Are Central to the Regeneration Jigsaw

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<img alt="Osaka’s The High Horie " src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1587977171/olmwebcontents/ip/prod/ldpmh3gqiccd5xx28frx.jpg" />Those who are considering diversifying their property investment portfolio in the Land of the Rising Sun will be glad to know that Keihan Real Estate Co Ltd is opening its latest development in Osaka to buyers from Malaysia. Called The High Horie, the project provides opportunities for rental income and offers a place for people to start their own businesses, says the developer, which aims to expand its reach internationally.Keihan Real Estate representative Mayuko Takahashi says in an email interview that the vision of the Keihan Group appears in the phrase &ldquo;global Keihan Group&rdquo;.&ldquo;The goal is to welcome customers from around the world with a global perspective and to develop business across Asia,&rdquo; she says.&ldquo;We have been selling our properties mainly in China, Hong Kong and Taiwan for about five years. This experience has helped us develop products based on the opinions of overseas customers. So far, we have developed products that satisfy not only Japanese but also overseas customers, and to continue making progress, we decided to sell in Malaysia.&rdquo;Established in 2000, Keihan Real Estate is a subsidiary of Keihan Electric Railway Co Ltd, which was founded in 1906. The holding company developed the railway links between Kyoto and Osaka, and engaged in property development along the railway line it set up. After some company restructuring, the real estate division was established and it developed and sold about 2,500 condominium units in Osaka city between 2014 and 2018.Its latest project, The High Horie, is located in Nishi-ku, Osaka. According to Takahashi, it is a popular residential area with a young population, which is forecast to increase. Within the vicinity of The High Horie are amenities such as a hospital, a library, supermarkets, schools, parks and fashionable high-quality shops. The nearest metro station &mdash; Nishinagahori &mdash; is a minute&rsquo;s walk away.<img alt="Osaka’s The High Horie " src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1587977216/olmwebcontents/ip/prod/kmmoapk5xajyh5machvo.jpg" />&ldquo;This project is planned mainly for people living in the city centre such as singles, DINKs (double income, no kids) and those living in multiple residences or need closer access to their workplace,&rdquo; says Takahashi. &ldquo;In addition, we have designed common spaces and services that will support SoHo (small office/home office) use with the increase in remote work and side businesses, owing to the work-style reform in Japan.&rdquo;In recent years, the government has been reforming workplace practices. These include encouraging people to have side or multiple jobs. To cater for this new type of worker &mdash; who either is a freelancer, is someone who works from home or has his or her own small business &mdash; Keihan Real Estate created this SoHo product.The High Horie occupies a 1,014.27 sq m parcel and has an estimated gross development value of &yen;6.5 billion (RM262 million). The 12-storey project will have 141 units with three layouts &mdash; studio (22 units), 1-bedroom (105 units) and 2-bedroom (14 units). The built-ups will range from 325 to 798 sq ft, with a starting price of &yen;29.4 million. There is an option for a guaranteed rental scheme for investors. Open for sale now, The High Horie is 47% taken up to date. The project is expected to be completed next January.<img alt="Osaka’s The High Horie " src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1587977224/olmwebcontents/ip/prod/zaoomto39l9tb4plnp6d.jpg" />A unique feature of the development is that each unit can be registered as a business address, which owners of regular condos in Japan are not allowed to do. Among its facilities will be two common areas &mdash; a lounge area on the ground floor for residents and/or business owners to have open meetings with clients or guests, and a space with private meeting rooms.The design of the units also differs slightly from that of typical Japanese high-rise developments. &ldquo;A typical Japanese condo has a ceiling height of 2.4m to 2.6m while this project&rsquo;s units will have a ceiling height of 3m to 3.55m. By providing a higher ceiling, it would be possible to partition the space not only vertically but also horizontally into lofts and storage spaces,&rdquo; explains Takahashi.The additional space would allow people to live and work in the same place. This flexibility, along with the shared facilities, will enable small businesses or freelancers to conduct their business in the same space without having to meet clients or guests elsewhere and incur additional expenses, she adds.&nbsp;Condo market &lsquo;is doing well&rsquo;JLL Japan head of international residential Kentaro Sato believes that Osaka&rsquo;s high-rise market is a prime area for those looking to expand their investment portfolio. JLL Japan, assisted by JLL Malaysia, is the marketing consultancy for The High Horie.&ldquo;In central Osaka, the condominium market is doing well. One of the reasons is that the units are not that expensive in terms of price per sq ft. If you compare with condos in Tokyo, Osaka&rsquo;s are priced 60% lower. So, it is still at a reasonable level,&rdquo; says Sato.Similar to big cities such as Tokyo and Fukuoka, Osaka is experiencing urbanisation. So many people from the surrounding areas, including Kobe and Kyoto, are moving to the city, he continues. &ldquo;There has been a significant increase in population in the main central districts in the city. That is why condo sales in central Osaka are quite good now.&rdquo;From 2017 to 2019, condo supply increased 95% and the price index improved 103%, according to data provided by Sato. Moreover, the city&rsquo;s population grew 101%, from 2.713 million to 2.74 million, and rent rose 105%.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1587977180/olmwebcontents/ip/prod/jagko2lnntjfvrp7emex.jpg" />The yield is higher [in Osaka] than Tokyo because Osaka is the second largest city or economic zone in Japan&hellip;The other reason [to invest here] is that Osaka is expected to have an integrated resort (IR) project. That is probably the main driver that has increased the interest of foreign investors,&rdquo; he says.In 2018, the IR Bill was passed in Japan, allowing for an IR with casino in up to three cities. It will take another year for the selection of the cities to be completed, but Sato says Osaka is highly favoured to be chosen. It is estimated that one IR with casino will generate 97,000 new jobs.Meanwhile, there is a limited supply of residential properties in Osaka, as there are developers that buy land to build hotels, he explains. Owing to this competition for land, the supply of condos is expected to be controlled, leading to the units&rsquo; values holding, he adds.<img alt="" height="498" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1587977188/olmwebcontents/ip/prod/m6zuhynxkscqtho6efhp.jpg" width="335" />Sato points out that infrastructure improvements to rail lines to the reclaimed island where the proposed IR will be located as well as to Kansai International Airport will also increase interest in and demand for properties in Osaka.The steady growth of the Osaka property market looks set to continue if all goes well, says Tetsuya Kaneko, head of research and consultancy at Savills Japan.&ldquo;The overall residential market in Osaka is faring well. Rent went up about 2% last year, which demonstrates strong demand. Prices have risen 3% to 4% in Osaka city, but the transaction volume has gone down, owing to high prices like in Tokyo,&rdquo; he says. &ldquo;This moderate growth is likely to continue. Developers have strong balance sheets and no incentive to sell condos at a discount. They can wait for a long while.&rdquo;Kaneko believes the high-rise market has many investment catalysts, including &ldquo;burgeoning inbound tourism, the casino, the 2025 World Expo and related transport infrastructure improvements&rdquo;.The infrastructure projects, as stated in Savills Japan&rsquo;s May 2019 &ldquo;Osaka Real Estate: Rebirth of a Market&rdquo; report, include the large urban redevelopment project, Umekita Phase 2, slated for completion in 2023. It is expected to feature towers with office, retail and residential components, developed across 140,000 sq m. The report also states that Yumeshima, the artificial island that is the proposed site for the IR development and will host the 2025 World Expo, is also a catalyst for growth.Furthermore, infrastructure additions such as the completion of the Umekita Station in 2023 and the Naniwasuji Line in 2031 are expected to shorten the travel time between Osaka Station and the Kansai International Airport by as much as 30 minutes, benefiting the investment environment.Mari Kumagai, research senior director at Colliers International Japan, says the Osaka market continues to perform well, with average unit prices on an upward trend.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1587977452/olmwebcontents/ip/prod/yixd2g82kgclrqfh0pql.jpg" />&ldquo;With limited supply, the market condition remains in favour of developers. The average unit price has continued to trend higher at a CAGR (compound annual growth rate) of 5% since 2014, or reaching &yen;708,000 per sq m as at end-2019. We expect to see a similar trend over the near term, although the downside risk has been increasing, with lower risk appetite as a result of the Covid-19 outbreak. A combination of tight supply, limited land supply for development and larger incoming institutional investments supports the ongoing market growth,&rdquo; says Kumagai.She points out, however, that while foreign buyers are allowed to purchase and invest in properties in the country, exiting may be a challenge because of volatility in the market.Meanwhile, to ensure that Osaka remains in the minds of local and foreign investors, Keihan Real Estate plans to develop more projects in the city. &ldquo;In the Kansai area, we plan to develop projects mainly in the six wards of Osaka city. Besides The High Horie &hellip; we also plan to build a tower project in front of Osaka Castle&rsquo;s Otemon Gate as well as a tower project in the bay area, which has attracted attention, owing to the 2025 World Expo and the proposed IR,&rdquo; says Takahashi.&nbsp;For more information on The High Horie and or anything else that you'd like us to clarify, contact JLL International Properties at +603 2260 0700 or&nbsp;<a href="mailto:Wong.Christine@ap.jll.com">Wong.Christine@ap.jll.com</a>

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