<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.&nbsp;<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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<a href="https://res.cloudinary.com/global-cms-assets-np/image/upload/v1667401050/resi/gb/Articles/PDFs/JLL_UK_Residential_Forecasts_Q4_2022.pdf" target="_blank"><button class="Button primary">Download full report</button></a>
&nbsp;
The last 15 years have seen UK house prices reach new highs on the back of a period of record low borrowing costs. Never prior to 2008 had the UK base interest rate dipped below 2%. But in the period since the Global Financial Crisis (GFC) it has averaged
 0.5% and hit a low of 0.1% during Covid.
<h2>Interest Rates</h2><iframe src="https://flo.uri.sh/visualisation/11644913/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;text-align:center;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
 A spike in borrowing costs &ndash; and an anticipated further steep rise in mortgage rates - alongside continued high inflation and a rising cost-of-living have prompted predictions from the most bearish forecasters of 20%-30% falls in UK house
 prices. 
But UK house prices have never fallen by more than 20%. And this prompts a question of whether the underlying market prospects are now truly worse than the early 90s recession where house prices fell 20% cumulatively between 1989 and 1993; and the GFC
 where prices fell by 15% between January 2008 and May 2009.&nbsp;&nbsp;
&nbsp;
<h2>House price crashes have been rare in the UK</h2><iframe src="https://flo.uri.sh/visualisation/11645505/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;text-align:center;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
In the early 90s, inflation was high (like today) and GDP was low and falling into negative territory (like today). But, a key differentiator was that unemployment was extremely high at circa 10% in the early 1990s &ndash; today it is at a record low
 of 3.5%. And while unemployment is expected to rise in the coming 18 months, it is expected to hit 4.9%, below the average of 6.7% since 1971 and the past 10-year average of circa 5.2%.&nbsp;
Meanwhile, the GFC was fundamentally a credit crisis built on poor lending practices through the early 2000s which saw people with poor credit history and no equity lent sums of money they could ill-afford to repay. Ultimately the &lsquo;house of cards&rsquo;
 collapsed, banks failed, millions lost their jobs and people were forced to walk away from mortgages they could never afford in the first place.
In the period since, lending practices have been tightened significantly &ndash; and the housing market is now built upon much stronger foundations.
<h2>Absence of distress</h2>
JLL analysis of the Bank of England Mortgage and Lending Report found that 62% of the UK&rsquo;s 8.4m mortgaged owner occupier households have at least 25% equity in their house. Another 34% have between 10-25% equity and 4% have between 5% and 10% equity.
Just 0.2% or circa 17,000 owner occupied households in the UK have less than 5% equity &ndash; and, statistically at least, there are no households with zero equity. Meanwhile, more than 95% of the circa 3m UK buy to let landlords who own with a mortgage,
 own at least 20% in their property.
<h2>Mortgage affordability</h2>
But ultimately the amount of equity the UK&rsquo;s homeowners possess only tells half of the story. An era of cheap borrowing is ending and mortgage affordability is about to become squeezed. However, mortgaged households in the UK have the highest incomes
 by tenure &ndash; averaging &pound;80,000 per annum. Before the recent rise in UK interest rates, the average household income spent on a UK mortgage was equivalent to 18%. With the average two-year fixed rate mortgage cost having risen to circa 6%,
 that income to mortgage expenditure percentage has risen to circa 27% - the level it was around the time of the Global Financial Crisis. And if mortgage rates hit 7%, the average household income to mortgage cost ratio would hit 30% - the rate it
 was in the early 1990s. But merely spending 30% of a household income on housing costs is not a reason to assume a collapse into distress. With low unemployment and the highest average incomes, the UK&rsquo;s mortgaged households have a more stable
 financial footing than the GFC or the early 1990s recession.
The vast majority should be able to ride out a squeeze on their household incomes avoiding the need to sell their home to make ends meet. But it will be a further extension of the current cost of living crisis.
Circa 1.1m households were on the current Standard Variable Rate coming into this recent rate rise. Another 1.2m households will come to the end of their fixed term over the next year. JLL calculates that those 2.3m households combined will be spending
 an additional &pound;8bn on mortgages by Q4 2023. This could ease some of the current high inflation, but it could also hamper GDP growth. The customers spending that extra on their mortgage would perhaps most likely be transferring that from their
 previous savings/investment allocations or from their typical discretionary spend on food, leisure and entertainment.
<h2>Low repossessions</h2>
Furthermore, banks currently have a low appetite for repossessions. In the early 1990s, banks repossessed circa 100,000 homes per annum. In the GFC the rate was about 50,000 per annum. Currently there are about 4,000 repossessions per annum which out
 of the UK&rsquo;s circa 11m mortgage properties represents a rate of about 0.04% per year. It takes two years to repossess a home &ndash; and in the current cost of living crisis, it could be a difficult public profile position to be seen to be adopting
 a repossession strategy. However, banks are a regulated entity so they cannot turn a blind eye to customer defaults. But there are other options that can be explored such as tracker rates or interest only periods and it is highly likely banks will
 exhaust all these options before pursuing a route of foreclosure.
<h2>Opportunistic buyers</h2>
Ultimately, we expect that there will be far less distress in the market as there was in previous crashes &ndash; as long as there is no sharp rise in unemployment.
But JLL predicts there will be a steep fall in UK housing transactions.
The number of First Time Buyers (FTBs) before the GFC typically totalled 400,000 per annum out of a total of circa 1.5m annual transactions.
Post GFC, FTBs fell to 325,000 and total transactions to 1.2m. JLL predicts there will now be circa 200,000 viable FTBs with sentiment among aspiring homeowners taking a hit, mortgage affordability becoming stretched to new homeowners and the ending of
 help to buy, which typically helped circa 50,000 FTBs onto the ladder per annum. This cocktail of transactional headwinds will see overall transactions fall to circa 1m in 2023.
The transactions that do occur will be dominated by slightly more motivated sellers (but not financially distressed) faced with a higher proportion of &lsquo;opportunistic&rsquo; buyers (such as cash buyers who will account for about 25% of all transactions,
 up from the current 18%). These opportunistic buyers will not expect to pay asking price. But the vendors who are not distressed will only accept a fall in values to a certain level &ndash; ie more of a discount than a fully blown correction and certainly
 not a crash.
<h2>Sluggish market</h2>
This dynamic will create a sluggish market in which buyers and vendors haggle over price and ultimately less transactional activity occurs with the supply of new homes for sale gradually becoming constrained.&nbsp;
Against this backdrop, JLL is forecasting that UK house prices will fall in value in 2023 by 6% which equates to an average discount of &pound;17,500 from the average UK house price of circa &pound;290,000.
Of course, as in any market, there will be winners and losers. Not all types of home, cities or regions will be impacted to same level.
On a regional level JLL&rsquo;s forecasts falls ranging from circa 4% across Greater London to around 8% in Wales, the North East and Yorkshire &amp; the Humber.
<h2>But transactions are forecast to fall sharply with price falls to follow</h2><iframe src="https://flo.uri.sh/story/1729166/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;text-align:center;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
<h2> Falling supply</h2>
However, in many of the housing supply constrained UK city centres, where there is a greater concentration of equity rich buyers, price growth is still expected.
Ultimately new housing supply is expected to fall even further behind target as a result of the tightening market conditions.
JLL forecasts that there will be a national shortfall of 610,000 homes over the next 5 years alone &ndash; up from JLL&rsquo;s previous expectations for an already stark shortfall of 500,000 homes. In London private new home starts are forecast to average
 circa 16,000 per annum &ndash; well below the Greater London Authority target for 52,000 new homes per annum.
<h2>And UK housing supply will continue to fall well short of targets</h2><iframe src="https://flo.uri.sh/story/1729214/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:600px;text-align:center;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
<h2> Rental market</h2>
The current supply demand imbalance across the UK rental market looks set to endure as fewer households move across into owner occupation and demand for rental properties increases further.
We expect that prospective buyers, as well as those who would under normal circumstances have transacted under Help to Buy, will remain in the rental market. This adds further fuel to an already constrained rental market and will, we expect, mean the
 supply demand imbalance and resulting rental growth will continue. Rental growth is expected to be particularly strong at the front end of the five-year period before falling back in line with historic norms of circa 2% - 3% as inflation is brought
 back under control.
The outlook for investors is mixed. Demand for rental properties looks set to continue, and forecasts of rising rents and falling prices suggest we could see a rise in yields across the board. But the cost to service debt will remain a key issue for more
 highly indebted landlords.
The purpose-built UK BTR sector is expected to outperform the wider UK rental market in terms of rental value growth.
<h2>Economic Forecasts</h2><iframe src="https://flo.uri.sh/visualisation/11646570/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:400px;text-align:center;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
 <iframe src="https://flo.uri.sh/visualisation/11646658/embed" title="Interactive or visual content" class="flourish-embed-iframe" frameborder="0" scrolling="no" style="width:100%;height:250px;text-align:center;" sandbox="allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation"></iframe>
<h2> Forecasts</h2>

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<section>
 <div class="row">
 
 <div class="column-four height-100">
 <div style="max-width:540px;">
 <h2>UK House Price Growth (%pa)</h2><img src="https://olmresi-sg-prod.jll.com/images/default-source/agency/picture3c661fa16-e344-4166-b880-888d9a918512.png?Status=Master&amp;sfvrsn=69cedcd0_1" sf-size="100" alt="" /></div>
 <div style="max-width:540px;">
 <div>
 <table class="table table-borderless k-table" align="center">
 <tbody>
 <tr>
 <td style="min-width:50px;width:20%;text-align:center;">2023</td>
 <td style="min-width:50px;width:20%;text-align:center;">2024</td>
 <td style="min-width:50px;width:20%;text-align:center;">2025</td>
 <td style="min-width:50px;width:20%;text-align:center;">2026</td>
 <td style="min-width:50px;width:20%;text-align:center;">2027</td>
 </tr>
 <tr>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">-6</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">1</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">4</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">5</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">5</td>
 </tr>
 </tbody>
 </table>
 <h2>Cumulative Growth</h2>
 8.9%
 </div>
 </div>
 </div>
 

 <div class="column-four height-100">
 <div style="max-width:540px;">
 <h2 style="color:black;">UK Rental Value Growth (%pa)</h2><img src="https://olmresi-sg-prod.jll.com/images/default-source/agency/picture2a3722ef1-673e-4ce1-bb95-44b6dae7a33a.png?Status=Master&amp;sfvrsn=cdbed46_1" sf-size="100" alt="" /></div>
 <div style="max-width:540px;">
 <table class="table table-borderless k-table" align="center">
 <tbody>
 <tr>
 <td style="min-width:50px;width:20%;text-align:center;">2023</td>
 <td style="min-width:50px;width:20%;text-align:center;">2024</td>
 <td style="min-width:50px;width:20%;text-align:center;">2025</td>
 <td style="min-width:50px;width:20%;text-align:center;">2026</td>
 <td style="min-width:50px;width:20%;text-align:center;">2027</td>
 </tr>
 <tr>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">4</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">3.5</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">2.5</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">2.5</td>
 <td style="min-width:50px;width:20%;font-size:24px;font-weight:600;text-align:center;">2.5</td>
 </tr>
 </tbody>
 </table>
 <h2>Cumulative Growth</h2>
 15.9%
 </div>
 </div>
 </div>
</section>
 Forecast disclaimer -&nbsp;Forecasting is a complex task at the best of times, but with so many moving parts making predictions in the past six months has been made all the more difficult. As always, we at JLL will continue to revisit our forecasts on a regular basis.
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 UK House Price Forecasts - Housing set for a correction, not a crash

correction not crash

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

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

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<div><div id="block-system-main"><article id="node-755" about="/news/2022/09/09/jll-residential-research-report-august-2022" 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/v1662715761/olmwebcontents/ip/prod/dpbrzqkve5qqphdvoicx.jpg" width="1240" height="1754" alt="" /></div></div></div><div><div><div property="content:encoded"><a href="https://internationalresidential.jll.com.sg/insights/research" target="_blank">Download Report</a><div> </div></div></div></div></article></div></div><div>&nbsp;</div>

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

Investing in Prime properties London | JLL

Are luxury properties in Prime Central London a good investment?

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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-sg-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-sg-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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<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-sg-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-sg-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-sg-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-sg-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-sg-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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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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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-sg-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

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. 

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JLL &ndash; Do properties close to Crossrail stations command a premium?The Crossrail Bill was introduced to Parliament in February 2005. Three and a half years later, in July 2008, the Bill completed all the Parliamentary stages and received Royal Assent to become the Crossrail Act. Works officially began on the project in 2009 with tunnelling starting in 2012. A decade on, JLL have undertaken new research to assess the impact on property values along the line.Since 2012:<ul><li>Growth in average prices in areas surrounding 76% of Crossrail stations outperformed the regional average.</li><li>18 stations have experienced sales price growth of over 70% since 2012.</li><li>Largest premiums typically found along the Eastern lines.</li></ul>New research from JLL shows that the price of homes surrounding 76% of Crossrail stations have outperformed the wider market over the period 2012-2021.&nbsp;<img alt="" src="https://olmresi-sg-stg.jll.com/images/internationallibraries/default-album/graph-image-1.jpg?Status=Master&amp;sfvrsn=1fe25a91_1" sf-size="100" />&nbsp;<img alt="" src="https://olmresi-sg-stg.jll.com/images/internationallibraries/default-album/cross-rail-body-image.png?Status=Master&amp;sfvrsn=e6b74248_1" sf-size="100" />2005 &ndash; 2009Between 2005 and 2009, when savvy buyers were hoping to capitalise on lower prices and higher growth, the average increase of property values across all stations was 15%. At the beginning of the project, between 2005 and 2009, 20% of properties along the line saw higher house price growth than the regional average.2012 &ndash; 2021Between 2012 and 2021, average property values rose 73% in the areas surrounding Crossrail stations; 19 percentage points higher than the growth seen across London over the same period.&nbsp; 84% of stations recorded higher house price growth than the regional average. &nbsp;With work started fuelling confidence in those looking to invest.Since 2012, investors have continued to support price growth in these areas. At the top of the list, properties located near Forest Gate have outperformed the regional average (London) over the period 2012-2021, with growth 67 percentage points higher. Properties close to Forest Gate benefit from journey time savings of 11 minutes to Canary Wharf and 16 minutes to Paddington.Some of the largest premiums over regional averages are found along the Eastern lines. Despite this, previous JLL research has found time savings are typically the greatest from Slough and the Western section into central London.&nbsp; Over the past decade, house prices in Slough have increased by 25% more than the regional average.Rising values have not been restricted to the western and eastern ends of the line though. Bond Street, Paddington, Farringdon and Tottenham Court Road have all seen their average house price more than double since works began in 2009&nbsp;After over a decade of house prices surges, have house price premiums peaked, or is the best yet to come?When large regeneration or infrastructure projects are proposed certain buyers pounce, but others want to see the improvements in place before they commit. The speculators buy in early, purchasing homes in the anticipation that investment will lead to additional growth in house prices. They are likely to have capitalised on lower property values between 2005 and 2009 when the Crossrail bill was accepted and subsequently, when works began.Certain occupiers are more likely to wait and be willing to pay a premium, once improvements are in place, or in the case of Crossrail, stations open and trains begin to run. Landlords will be the first to benefit, as improved travel times and increased capacity makes the areas more attractive to prospective tenants.Senior Research Analyst at JLL, Meg Eglington says&nbsp;&ldquo;The promise of greater capacity and faster commutes have meant housing markets surrounding Crossrail stations have outperformed since the scheme was announced. But with trains starting to run across the network we could see further growth, now appealing to a new group of investors, homeowners, and tenants, waiting for the project to complete before moving in.&rdquo;&ldquo;As Crossrail nears completion, residential areas at stations along the line have re-emerged on people&rsquo;s radars, shorter commute times meaning areas previously less well connected can now compete with higher value commuter hotpots. Even with people now working more flexibly we expect a comfortable, fast, and reliable commute when they do need to travel, will ensure that property values continue to benefit from the Crossrail &lsquo;effect&rsquo; for years to come&rdquo;.&nbsp;About JLL<h5>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.</h5><h5>LL&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><h5>Disclaimer: &copy; 2022 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 or breach of such intellectual property.</h5><img alt="" src="https://olmresi-sg-stg.jll.com/images/internationallibraries/default-album/2nd-graph---crossrail.png?Status=Master&amp;sfvrsn=312e7f15_1" sf-size="100" />

Crossrail - May 2022

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<div><div id="block-system-main"><article id="node-721" about="/news/2021/12/10/uk-residential-forecast-2022-2026" 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/v1639115417/olmwebcontents/ip/prod/btcfa2vlso31cg2l1sjx.jpg" width="1240" height="1754" alt="" /></div></div></div><div><div><div property="content:encoded"><a href="https://internationalresidential.jll.com.sg/download?pdf=720&amp;return_to=news/2021/12/10/uk-residential-forecast-2022-2026" target="_blank">Download Report</a><div> </div></div></div></div></article></div></div><div>&nbsp;</div>

UK Residential Forecast 2022 – 2026

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Resale - Price

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Sale - Price

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Bedrooms

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Rent - Options

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Sale - Options

Country

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

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

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