Unchecked climate change is one of the most disruptive socioeconomic forces threatening to upturn the way we live our lives.

Real estate is transforming to meet upcoming challenges, and this presents an opportunity for forward-looking investors to future proof their portfolio.

JLL is a global leader in real estate management and consultancy services and a long-running proponent of investing in sustainable buildings. It hosted a webinar on April 9 to shed more light on investing in green, sustainable homes.

 

Energy efficiency standards for homes

According to Kimberley Markiewicz, senior analyst at JLL’s UK Living Research team, energy demand from households in the UK account for 30% of the country’s total energy use.

“Due to the environmental impact of homes, and considering climate change and our finite resources, many governments around the world have passed legislation to mitigate the impact of climate change going forward,” she says.

 

In the UK, this comes from the government’s commitment to ambitious energy efficiency standards for all residential homes, as well as net zero standards within the next 30 years. A net zero building is one that produces an equal amount of energy that it consumes over the course of a period.

“In order to meet this target, all new residential buildings must operate at net zero by 2030, and the government is pushing to ensure that all existing homes become net zero by 2050 in the country,” says Markiewicz. She adds that rental laws will also be gradually tightened so that only the most energy efficient homes will be allowed to be rented out.

 

Reaping the benefits today

For investors, the benefits of capitalising on green homes don’t have to be reaped in 30 years, but instead can be realised in the short-term due to changing demands from tenants.

According to Markiewicz, about 63% of surveyed would-be home buyers want to purchase a more environmentally friendly home, and 82% of this group say that they are willing to pay more to own one.

‘’The resale value of green homes is also higher than conventionally constructed ones. Real estate studies in Texas in the USA found that homes built to the state’s Leadership in Energy and Environmental Design standards were worth up to 8% more than the resale price of an average home in the state’’, says Markiewicz.

She also says that tenant retention is higher in sustainably built homes compared to those not built to such standards. An increasing number of tenants prioritise factors such as air quality, ample daylight, thermal comfort, sustainable materials, and other health and wellness factors when they make purchase or renting decisions.

“Studies show that houses which do not exhibit these factors tend to see their values drop by up to 15% in the UK, since more than half of new home buyers and renters consider air quality when deciding where to live,” she says.

 

Future proof your investments

Investing in green homes can be one way to future proof property investments.

Among new residential projects, buyers are more willing to pay more for access to a home with more natural light, clean air, and green spaces, says Markiewicz.

“It is the differentiator in the market for newer properties, as older properties would often need extensive redesign to incorporate many sustainable key elements, such as biophilic design – including the use of natural materials in the build, and amenities such as green roofs,” she says.

As sustainable technologies become the norm in the residential sector, it will become easier to incorporate newer technologies into purpose built green homes, resulting in lower costs in the long run.

“Buying a home now that is already built with future energy efficiency targets in mind will save a lot of expensive investment in the future,” says Markiewicz.

 

King’s Road Park by St William, Berkeley Group

In London, the newest residential project that incorporates the latest sustainability features is King’s Road Park, a prime residential development by St William part of the Berkeley Group.

The last part and of the Fulham Riverside Regeneration Area in south-west London, the residential development in Zone 2 is in a highly sought-after address, just 60m from the King’s Road well connected to business and leisure spots in London.

 

 

Some of the sustainability features that have been incorporated into the project include green roofs to increase biodiversity across the rejuvenated scheme, photo-voltaic window panels to reduce the levels of electricity demand, and rainwater harvesting to recycle water for use in irrigating the landscaping around the homes.

In addition, the development will offer parking to those homes that qualify as well as offering electric vehicle charging lots in anticipation for the rising numbers of electric car vehicles in the city, and future proofing the development for investors and owners.

The project launched last summer in August 2019 with more than 140 homes sold so far with a balanced even mix of owner-occupiers and investors who have bought their apartments off-plan.

Contact JLL Residential to organise your private virtual viewing with St William part of the Berkeley Group (click here to contact JLL)

 

15 Apr 2020

A surge in foreign transactions is expected as investors aim to beat the April 2021 deadline

 

British Chancellor Rishi Sunak has announced a two percent stamp duty increase for non-resident home buyers from April 2021 in the first Budget of the new Conservative government.

This will affect all residential property transactions in England and Northern Ireland from next year, but not those in other UK regions.

The Chancellor confirmed on Wednesday that money raised from this levy will contribute to building 6,000 new homes to help tackle the homeless issue in the UK.

 

An increase in stamp duty…
An increase in stamp duty has been long anticipated, and this is lower than the three percent previously suggested in the Conservative party manifesto. Although tax increases are never popular, stamp duty on housing has proven a successful source of revenue for the government.

Previous tax changes have been criticized for contributing to the slowdown of London property markets over the past few years, but the real impact on transaction volumes is unclear.

Other housing measures included in Budget 2020 were a further £12 billion and a timeline extension for the government's Affordable Homes Programme and an additional £1 billion to remove unsafe combustible cladding materials from older housing schemes.

Not included was former Chancellor Sajid Javid's proposed 'mansion tax' that would have increased duties further on high-value homes.

 

 

How stamp duty works

Stamp duty on UK property increases according to value.

Currently, there is no stamp duty on UK homes valued at less than £125,000 (up to £300,000 for first-time buyers). This increases up to 12 percent for homes costing more than £1.5 million and there's an additional three percent surcharge when buying a second home.

This means that, from April 2021, overseas property buyers could pay as much as 17 percent total stamp duty when buying expensive homes in England and Northern Ireland (not applicable to property in Scotland, Wales or other UK regions).

Those who become UK residents after paying this surcharge may be entitled to claim a refund.

Real estate firms expect to see a surge in foreign transactions before the new tax rule comes into effect.

 

Overseas purchases are then forecast to decline in the rest of 2021 before stabilizing again by 2022–23. At present, around 70,000 of the UK's 1.2 million annual property transactions are overseas purchases, particularly in investment hotspot London where many large-scale developments primarily target foreign buyers.

 

UK property still affordable

The stamp duty hike has faced criticism for potentially stifling the UK property markets just as they were beginning to recover from years of investor uncertainty.

 

However, London will remain a competitive city by global standards even after the increase, especially in comparison to expensive alternatives such as Hong Kong, where overseas buyers pay an additional 33.3 percent tax on top of the purchase price.

 

With foreign investors in the UK having benefited from the weakened pound in recent years, the move is seen by some as levelling the playing field for domestic buyers.

 

Nick Whitten, Head of UK Living Research at Jones Lang LaSalle (JLL), said:

“The change in the rate of stamp duty for international investors was anticipated as part of the government's priority to 'level up' the distribution of wealth in the UK.

However, it is vital to strike an appropriate balance in meeting this priority and enabling international investment which currently plays such a crucial role in unlocking the development of thousands of new homes in London and the UK's major regional cities.

“We welcome the delayed introduction until April 2021 to allow developers to explore options to adjust their delivery models. But time will tell what the long-term impact of the increase is, and whether it will threaten the future attractiveness of the UK and the viability of some housing schemes already in the pipeline.”

 

For further information, contact JLL International Residential directly at +65 9671 9583 or internationalresi@ap.jll.com

 

Updated [23 April 2020]

Residential investment continues to be resilient during challenging times.

Will the fluid effect of COVID-19 pandemic be the biggest test yet? Or will we see streaks of optimism emerging in an established market like London?

Find out more on how the rapid market evolution and changes in stamp duty policy will affect consumer’s investment decisions.

 

Register for the upcoming webinar:

UK Market Update. Where is London rental investment heading during this unprecedented time?

https://internationalresidential.jll.com.sg/event-calendar/29/apr/2020/uk-market-update

24 Apr 2020

Aerial view of Eden in Frankfurt, Artist Impression

 

Consumer tastes have shifted and the average person now wants more than just a home; they want a healthy and attractive living environment. In Singapore it is common to allocate a plot of land for a communal ground garden but this could be costly in terms of maintenance, watering, trimming and labor.

So, is there a better option?

 

Living walls, also known as vertical gardens, have been a feature in hotel lobbies, office foyers, and shopping centers around the world for some time.

There has been a noticeable growth in the popularity of indoor living walls as numerous housing projects around the globe now strive to have an aspect of horticulture.

But a complete high-rise residential building with a green living facade?

 

A vertical garden, green wall or moss wall are pretty much the same thing – plants that grow on a vertically suspended panel by using hydroponics.

These unique structures can either be freestanding or attached to a wall.

They’re useful as well. Exterior vertical gardens cools buildings, they take up less space than a normal garden, and they help to remove carbon dioxide while clearing the air of man-made pollution such as motor vehicles and factory fumes.

A fact well established is that of horticultural therapy - contact with nature improves the mental and physical health of individuals and communities, which should be especially soothing after a draining and demanding day.

They even extend the life of a building’s façade! These numerous advantages increase the overall value of the property.

 

The Tallest Vertical Garden in the World

A prime example of vertical gardens tying into condominium projects is Frankfurt’s EDEN. Jointly designed by Helmut Jahn from Chicago and Magnus Kaminiarz & Cie from Frankfurt, the 27-story EDEN residential tower fits in perfectly with the city’s green philosophy and the facts speak for themselves: EDEN will feature a total of 186,000 plants over an area of almost 2,000 sqm (as 20% of the façade).

 

Most of the plants will be planted on the building’s exterior facade, creating a striking and highly visible green wall that is sure to amaze passers-by and visitors to EDEN. In the lobby, a 37 sqm living wall will create the feeling of an urban jungle in the heart of the city.

 

Eden Lobby, Artist Impression

 

According to Christiaan Bakker, specialist for green exterior wall systems at Sempergreen, the 98-meter EDEN residential tower in Frankfurt will be the first 70-meter-plus building in the world with a green facade.

 

Automated and Efficient Technology

 

When it comes to looking after the plants, vertical garden experts have developed efficient solutions in recent years.

Tending to the plants’ needs is now largely handled by automatic systems: Irrigation and nutrients are supplied with the aid of small drip lines and an irrigation computer. The plants can be monitored around the clock from an off-site control center.

 

The technological sophistication of the system is certainly impressive. Christiaan Bakker explains:

“The irrigation system installed on the roof automatically supplies water and fertilizer to the plants for a few seconds at a time. At night, the system pauses because the plants rest. Sensors in the panels monitor moisture levels and allow us to check fill levels via computer.”

 

The vertical gardens even have their own frost protection system. As soon as there is a risk of frost, the system switches itself off and ensures that the water drains off before it can freeze in the pipes.

 

Balcony in EDEN, Artist Impression

 

Creating Green Urban Spaces

With such a truly innovative project as EDEN, it was important that the architects and green facade specialists worked in perfect partnership.

The considerable weight of the planting system, the complex network of water pipes and the space for drainage all needed to be expertly integrated into the building’s planning from day one.

 

In addition, the plants are chosen with the utmost care. In the case of EDEN, the plants are individually selected for the project and planted a year in advance on precision engineered panels before being attached to the building with the help of a gondola.

“Given the height of the building, the installation is of course more time-consuming than with other green facades,” explains Bakker.

 

EDEN is truly a project of superlatives. For the green facade specialists at Sempergreen, the vertical gardens are more than just a business:

“Our cities are growing and we need to make more space for greenery. Vertical gardens are an ideal, and very necessary, solution as we seek to create more green spaces!”

 

Frankfurt: metropolitan vibe in harmony with green serenity

There is hardly another city in the world so perfectly suited to the combination of vertical gardens and high-rise architecture than Frankfurt.

The metropolis on the Main River is rightly famous for its exciting skyline. Urban greenery is also deeply rooted in the city’s DNA – in the truest sense of the word.

One of Frankfurt’s preeminent garden architects, Franz Heinrich Siesmayer, created the famous Palmengarten 200 years ago. In total, he is credited with having designed and landscaped more than 300 parks.

Greenery has always played an important role in Frankfurt’s urban planning: the miles of green belt running around the city’s core and more than 40 urban parks make a valuable contribution to creating a balanced urban climate. More than 52% of the city’s urban area is green.

 

EDEN, Frankfurt. Artist Impression

 

Find out more about EDEN by clicking here.

05 Jun 2020

Alexanderplatz, Berlin, Germany

 

 

On every investor’s short-list of the globe’s safest harbors for capital is Germany, renowned for its steady local and national governance, strong property rights, low national debt, trading surpluses and solid economy. In prudently diversifying an investment portfolio, exposure to Germany is always a front-running option.

 

Of course, even buying German property involves some measure of risk, and challenges on the path the profitability.

Moreover, due to German capital gains taxes that expire after a 10-year hold after purchase, a long-term investment is advised.  And the “low-hanging” fruit days are over in Germany—housing prices in many German cities are up 80% from the Global Financial Crisis of 2008. Germans and the world have recognized the strengths of Teutonic property.

That said, housing has been and promises to be among the most-secure and profitable pathways to profit for offshore investors in Germany, most notably in Berlin and Frankfurt.

 

Tight Housing

 

Despite the rising prices, the housing supply in Germany remains constrained by regulations and local property rules, as is common in developed nations. 

Indeed, German Chancellor Angela Merkel, facing reelection, recently said that the nation urgently needs 1.5 million additional units, but redress is hardly certain.

Homeownership rates in Germany are below European averages, a legacy of Germany’s past, and the history of East Germany.  In general, Germans may migrate into higher homeownership rates in the years ahead, another positive for housing markets.

Berlin, the nation’s capital and largest city, is at the epicenter of the new Germany, attracting professionals, tech-businesses and start-ups, and favored by a growing population—a far different picture than one of an “aging Europe.” 

Through 2030, Berlin population is projected to grow at 3% annually, outstripping new housing supply—indeed, in the last year 50,000 people moved into Berlin, but only 9,046 housing units were built.

Wages are rising. With scant vacant housing, average apartments in Berlin sell for about S$3060 per square meter, and are rising annually.

 

 

Foreign Investors

 

For investors moving to Germany for work or to live, the German financial system is remarkable in that lenders will finance up to 100% of house or condo purchase price.

But for investors who stay offshore, lenders will finance only up 60%, thus requiring a 40% down-payment from foreigners. That results in a long-term tie-up of a substantial chunk of capital.

Also, one of the challenges in Germany is that income made from letting any German property is subject to 14% to 45% income tax. However, mortgage interest, management fees and any value depreciation are all tax-deductible.

Also, German banks are known for thoroughness in documenting income and to whom they are lending.

 

Still a Buyer’s Market?

 

Despite recent appreciation, Berlin remains one of the world’s more-affordable global business centers. The total costs of renting office and living space in Berlin posted at $31,100 per employee per year, against $111,900 in New York, $108,200 in Hong Kong and $95,900 in London, according to a recent survey by a major property-brokerage. For a multi-national corporation seeking a European regional operation headquarters, Berlin is a natural choice, and will remain so for the foreseeable future.

 

 

Frankfurt is Germany’s financial center, home to the nation’s stock and bond exchanges, and its growing financial technology, or “fintech” sector.

Some investors speculate that Frankfurt, home to the European Central Bank and such commercial bank giants as Deutsche Bank, will attract new professional migrants if London recedes as a global financial capital, due to the “Brexit, or Great Britain’s departure from the European Union.

With about 736,000 residents, Frankfurt has a housing shortage of about 50,000 units, and a very tight residential vacancy rate of 1.5%. Apartments in Frankfurt sell for about S$2,700 per square meter, and prices rise annually. Like Berlin, Frankfurt is much less expensive than most other global cities.

Berlin and Frankfurt, with relatively inexpensive housing and business rental costs, yet with First World amenities, and growing economies and populations, present peerless opportunities for security and appreciation to global investors.

 

Buying an apartment in Germany

 

1. You decide to buy a property in Berlin with a price tag of €1 million.

- You will need to pay €60,000 in real estate transfer tax and a Notary and registration fee of about €15,000.  Thereafter you can expect to pay a small amount in property tax.

- Buyers brokerage commission anywhere from 3-7%

- Legal fees of 1%

 

2. If you remain offshore from Germany, you will have to put a 40% down-payment, or in the case of the €1 million property, €400,000 down.

 

3. In general, letting fees include a one-off payment of 1.5 times a property’s monthly rent to find a tenant and a monthly management fee of around €20.

 

4. Income made from letting German property is subject to 14% to 45% income tax, but mortgage interest, management fees and any value depreciation are tax deductible.

 

5. Importantly, no capital gains tax is payable if you hold a German property for more than 10 years. Thus, buying for the long-term becomes the desirable option for German real estate—and a prudent course, as the prospects are so favorable for Berlin and Frankfurt residential properties.

 

For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com 

 

 

Why Germany? The destination of choice for Singaporean investors

 

 

05 Jun 2020

More than three years after the landmark 'Brexit' vote, the United Kingdom officially left the European Union on Friday, January 31 with a favorable deal.

While the long-term impact on the UK economy will have to wait to be seen, the short term is looking more positive than at any time since the 2016 referendum.

The UK property markets were among those hit hardest by Brexit uncertainty. With investors being uncertain what the future held, house prices, foreign investment and development activity underperformed.

Now that Brexit has gone through, following a general election in December that secured Conservative leadership for another five years, the outlook for investors is more positive.

The Brexit boost has already been observed with the strengthening of the pound and Prime Central London property sales picking up at the end of 2019, according to data from Jones Lang LaSalle (JLL). Improvements in employment and real wage growth will help reaffirm investor confidence further in the year ahead.

David Rea, chief economist for EMEA at JLL, said

“There's certainly been an improvement in sentiment among investors since the election late last year. After volumes dropped in 2019, we expect investment to rebound in 2020, particularly from overseas investors who are keen to exploit London's yield arbitrage over other major European cities.”

 

 

Bright New Decade

Even before the Brexit agreement was signed, January saw a notable rise in UK real estate transactions compared to the same time last year, as home buyers and investors sought to secure properties at current price levels before the anticipated growth spurt.

Supply also increased as more sellers put their properties on the market, with an increase in new housing starts also expected.

JLL forecasts moderate growth across all regions of the UK for most of 2020 as investors and developers bide their time watching the markets cautiously.

Growth is expected to accelerate in the final months of the year as the more positive investment climate becomes clear and the UK negotiates its new trade agreement with Europe, bringing an end to the era of uncertainty.

Once the nature of the UK's future relationship with the EU and other territories becomes clear, JLL predicts house prices to grow from 1% per annum in 2020 to 4% in 2022.

More than 1.3 million transactions per year are expected by 2022, the slower recovery in development activity maintaining high demand.

With Britain's urban population set to increase by 2.5 million over the next four years, demand will be highest in towns and cities, particularly for student and multifamily homes. Other trends expected to characterize the decade are high demand for affordable housing, rental properties as people delay starting families until later in life, and elderly housing, with a quarter of the population being age over 65 by 2030.

 

Fastest Growing Regions

Most areas of the UK are set to benefit from the newfound Brexit certainty, some more than others.

Besides investment favorite London, the strongest performing regions are expected to be cities in the East of England, Yorkshire & The Humber and North West England, the comparative affordability of these regions offering more room for growth.

London's recovery will be strengthened by the capital's expanding digital sectors and its ability to nurture talent, as the home of more high-ranking universities than any other city in the world.

With population growth of 100,000 annually, demand is consistently high for London property, particularly in the historic neighborhoods of Prime Central London and areas around Crossrail stations, London's new high-speed rail service that's currently scheduled to begin in 2021.

 

 

The Prime Central London property markets are the most expensive in the UK, but also offer some of the most lucrative investment opportunities, with strong performance in Q4 2019.

JLL expects this fresh momentum to continue through 2020 as buyers and sellers return to a more liberated market. The Prime Central London lettings market also recorded its highest annual rental growth for seven years, due to the high demand for well-connected property in the capital.

20 Feb 2020

Whitechapel in London's East End offers the best growth potential for residential property investment close to Crossrail stations.

 

JLL has ranked Whitechapel above all other Crossrail stations for potential price growth, with strong demand expected from buyers and renters once the service is up and running (currently scheduled for 2021).

Equidistant between the financial hubs of the City and Canary Wharf, residential prices in Whitechapel offer a cheaper investment than surrounding districts and are estimated for 19.8 percent growth between now and 2021, outpacing most of Central London.

Rental prices are set to grow by 15.3 percent over the same period.

The new Crossrail station is just one part of a wider £300 million investment that's making Whitechapel an appealing prospect for overseas property buyers interested in London.

Peter Gibney, JLL Residential Director, explains:

“Whitechapel's proximity to both London's major financial districts and ongoing regeneration promises it to be a key destination for impressive buy to let investment growth.”

 

 

The Whitechapel Vision

The regeneration of Whitechapel aims to make this historic part of London a competitive destination for shopping, culture and education in the capital.

The Whitechapel Vision plans to deliver 8,700 homes, 70,000 jobs, new schools and commercial and public spaces, supported by one of the best-connected transport hubs in the capital.

Already an important interchange on the London Underground and Overground, Whitechapel station will connect the Eastern and South Eastern sections of the new Elizabeth Line, serving twice as many trains as outlying stations such as Canary Wharf.

Traveling by Crossrail, the global business and financial centers of the City of London and Canary Wharf and the growing technology cluster Tech City will be just two to three minutes away, making a Whitechapel address highly sought after by professionals across the industries.

 

Students and families will also find Whitechapel convenient, with world-renowned universities including Queen Mary University, UCL, London Metropolitan University and King's College all within 15 minutes and several Ofsted 'outstanding' schools within walking distance. A new state-of-the-art medical research campus will also attract health professionals to the area.

Whitechapel's regeneration will also improve local lifestyle offerings, with new cafes, restaurants and bars, retail stores, leisure facilities and a new Civic Hub creating a focal point for the growing community.

For more retail therapy and cosmopolitan dining, it's just five minutes by Crossrail to Westfield Stratford City, one of the UK's largest shopping malls, and seven minutes to the high street designer outlets and upscale department stores of Oxford Street. Iconic London landmarks such as St Paul's Cathedral, Big Ben and Buckingham Palace are less than half an hour away on the Tube.

 

 

The Silk District

Just three minutes from the Crossrail station on foot, Whitechapel's most significant new residential development is reaching out to overseas investors.

Named to honor the site's industrial heritage, The Silk District comprises three distinct buildings of luxury apartments and exclusive hotel-style amenities, connected by landscaped gardens, building a new community in this vibrant part of London.

Having sold out two successful phases, the latest phase of The Silk District is The Georgette South, a seven-story tower of secluded residences with private balconies or terraces offering uninterrupted views over nearby Canary Wharf.

Each residence comes fully furnished with premium appliances, in-built wardrobes and under-floor heating for year-round comfort, and residents can access premium facilities on site including a 24-hour concierge, private lounge and cinema, fitness center and flexible workspace.

The Georgette South is scheduled to complete in the third quarter of 2021, but a number of studios and one, two and three-bedroom apartments are now available for forward purchase, ahead of the price surge anticipated for Whitechapel once Crossrail arrives.

For more information about The Silk District and other residential properties in London, click here

 

 

17 Feb 2020

Have you ever wished of having a small hideout in the Swiss Alps? Here is an opportunity.

Under Swiss Federal Law, known locally as “Lex Koller”, international buyers need to get a special permit if they want to buy a property in Switzerland.

However, Holiday Village Andermatt Reuss is an exception. In 2006, the Swiss government ruled to exempt the village from Lex Koller. So far, the exemption is only until 2030.

Nestled in the midst of abundant natural beauty, the doors to this historic village in Switzerland are thus open to the world.

People from any nationality can buy a property in Andermatt. No restrictions. No special permission. That’s not all. You’re also free to rent, transfer or sell your property, as there is no minimum holding period or any inheritance or gift tax.

If you’re already feeling drawn to the offer and trying to imagine what awaits you, here is your window to heaven on earth – Andermatt – quintessentially Switzerland.

Popular among skiers and golfers, Andermatt is set in the Mediterranean ambiance in the Canton of Uri region. Surrounded by snow-capped mountains of Gotthard glaciers, the village sits at an altitude of 1,400 metres above sea level.

The picturesque village has preserved its culture and consciously made sustainability the cornerstone for its development.

 

Biodiversity features

  • • 52 water features
  • • 44 species of butterflies
  • • 24 species of birds

 

Dull moments in Andermatt? None!

A holiday destination for leisure and sports for over 200 years, Andermatt never has a dull moment. On the contrary, there is a lot to do, especially if you’re a nature lover or have a passion for outdoor activities.

During winters, there are options of snowboarding, sledging, tobogganing, ice-skating, ice hockey, biathlon and many such sports. The Ski Arena Andermatt–Sedrun with its 120 kilometres of long and varied pistes, deep descents and cross-country trails is the largest and most modern in Central Switzerland.

 

 

In the less snowy months, you can walk or hike in the region or cycle on narrow cobbled lanes or go fishing in the lake, or simply have a leisurely ride on a historic horse carriage. The village also boasts of having a lush 6,340-metre-long 18-hole Swiss Alps Golf Course.

Looking for adventure? You can go mountain biking through rugged trails or rock climbing.

The village doesn’t disappoint anyone.

The inquisitive minds will fall in love with Andermatt instantly.

At the Ursern Valley Museum, you can spend hours turning the pages of history discovering some interesting facts about the region. How the Schollenen Gorge and Gotthard pass became a gateway for people, business, and the war in 1799. How the Gotthard railroad tunnel opened in the 19th century. How Hollywood spotted it as a location for their 1964 James Bond movie Goldfinger, and slowly Andermatt transformed into a commercial and holiday destination.

Ever since then, the village had been on the international tourism map. 

Every year, it draws hundreds of music lovers to the Lucerne Festival – one of the most famous international festivals for classical music, held at the Andermatt Concert Hall. There are round the year open-air theatre performances, art shows, and many other cultural activities that attract the literary world to the village.

Food is an essential part of any culture. Andermatt too is known for its dining culture – local specialties as well as international cuisine.

 

Quality of life

In fact, Andermatt is all about an enviable lifestyle – culturally rich, healthy due to zero pollution and carefree because of guaranteed safety. The crime rate is considerably low in the region.

Motorised vehicles aren’t allowed on the inner roads. But as everything is within walking distance, the air pure and the roads safe, you won’t mind stretching your legs. Cars remain parked in the underground car parking with direct access to apartments, hotels, resorts, and chalets.

The village has preserved its heritage even in its construction activities. And it reflects in its architecture that integrates modern designs with the traditional alpine style. Only locally available wood and stones are used in the construction.

As Swiss standards for sustainability are strict, all developers follow that ensuring reduced energy requirements and use only renewable sources for electricity and heat generation. The developers even rejuvenated the River Reuss during construction activities.

 

Your connection with the world

Considering the quality of life, Andermatt is your natural paradise. But you’ll never miss the glamour of the city life with pulsating Milan just two-hour drive away. The village is well connected with the rest of Europe. The nearest airport is Zurich only 90 minutes away by car. You can take a regular train or the Glacier Express through the gorgeous Swiss Alps, or drive through breathtakingly beautiful alpine passes on the way to your destination.

  • • Zurich – 1.5 hours
  • • Milan – 2 hours
  • • Stuttgart and Munich – 4 hours

 

 

Tourism as a driver of growth

Andermatt is growing increasingly popular as a holiday destination. Accordingly, the demand for holiday rentals is also increasing.

According to Andermatt Swiss Alps AG data, the number of Swiss tourists has increased over the years.

  • • 2015 – 55,000 domestic tourists
  • • 2016 – 62,000 domestic tourists
  • • 2017 – 70,000 domestic tourists
  • • 2018 – 73,000 domestic tourists

 

The stability of Switzerland’s currency is another attraction drawing people to invest in real estate in this region. Swiss Franc remains in global demand and provides security for capital invested.

Besides, the country has attractive tax policies and is known for high legal security and political stability. According to a KPMG report, the Canton of Uri offers lower corporation tax rates of 14.92% and offers the choice of lump-sum taxation for non-Swiss nationals.

 

Benefits galore

Normally, the safety of the property and its upkeep remain major concerns of any foreign buyer. But this is not the case, especially if you are buying from the developer Andermatt Swiss Alps AG. They’ll help and guide you in every step of the process or may go the extra mile.

You would be surprised when they encourage you to generate income through the property if you don’t live there. They offer financial incentives as well as a rental program to rent out the vacant apartment.

Also, if you neither want to stay there nor want to rent out your house, yet wonder who would look after it in your absence, you need not worry. The developer has tailor-made services to offer.

While staying there, you can enjoy the comforts of your home but the luxuries of a hotel.

  • • Concierge – they will arrange ski instructors, golf lessons or even take care of restaurant reservations
  • • Housekeeping including laundry service – you don’t need to waste time doing mundane chores
  • • Shopping assistance – in case you’re busy in outdoor activities, they will organise your basic needs

 

If you decide to lock your house and head back home, the developer will look after your property.

  • • Apartment maintenance – they ensure regular cleaning of your apartment in your absence

 

There is more:

  • • 20% discount on a full-day pass to SkiArena
  • • 20% discount on the green fee for the golf course
  • • 10% discount on spa treatments in the Chedi Andermatt

 

As a privileged resident, you also get a Guest Card from Andermatt Tourism Region that allows you to avail a variety of tourist offerings at special terms and rates.

For further information contact JLL International Residential directly at +65 6220 3888 or internationalresi@ap.jll.com.

 

24 Mar 2020

The greater certainty for the UK economy following the Conservatives’ resounding General Election win should lead to notable increases in house prices, transactions and housing starts across all regions of the UK.

 

The outlook for the UK property markets is more positive than it's been since before the 2016 EU referendum.

Last month's general election secured a stable Conservative majority for the next five years, bringing an end to the uncertainty that's characterized the UK economy for the last three years and restoring the confidence of investors.

With no further delays anticipated for Britain's departure from the European Union on January 31, 2020 is expected to be a year of gradual recovery as investors and businesses adjust to the new landscape.

This is set to accelerate from the end of the year as greater economic and political certainty instill.

Increases in consumer spending, government investment and wage growth above inflation are set to drive up house prices and new build activity across all UK regions.

For overseas property buyers, now is the opportune time to invest in the recovering UK residential market to enjoy the greatest returns.

The British Pound has shown signs of strengthening following the election result, while the economic fundamentals such as employment and real wage growth will help to underpin confidence.

 

UK residential forecast

Research by JLL forecasts moderate growth in the housing markets in 2020, leading to more rapid growth in the following years.

Average house prices are predicted to grow by one percent per annum in 2020, rising to four percent by 2022.

Transaction levels are expected to steadily improve to more than 1.3 million per year, with new housing starts taking slightly longer to recover as some developers remain cautious at first.

The UK rental sector will also see steady growth in the medium term, fueled by the trend for city living and more families waiting until their 30s to have children, delaying the purchase of their first home.

JLL predicts rental growth of 2 to 2.5 percent per year for the UK as a whole.

London weathered the years of uncertainty better than predicted and is set for a resurgence of economic growth over the next five years.

An expanding tech hub and top seven global city for talent, London attracts professionals and students from the world over, with population growth forecast at 100,000 every year.

 This means demand for well-connected property in London will continue to outstrip supply, but ongoing urban regeneration and an increase in new build activity will provide plenty of attractive opportunities for investors.

 

Fundamental certainties shaping housing delivery

Against this political situation, JLL has identified the fundamental certainties which will shape housing delivery in the coming years.

These certainties sit alongside our positive housing market forecasts for the next five years.

 

Here are the key certainties:

1.) Housing will remain a key item on the political agenda. Supporting first time buyer will be maintained and help to by will remain in place until at least 2023. High demand of affordable housing will continue for 1.1m people on wait list.

 

2.) Fundamental population changes will occur. Parents are having children later in life which is delaying the desire to purchase family-sized homes and supporting the growth of renting. Old population creates the need to deliver more elderly-appropriate housing, predict 25% of UK population will be over 65 by 2030.

 

3.) Towns and cities will be the highest housing demand. There will be an additional 2.5m people living in UK’s urban area by 2024.

 

4.) London will remain at the world’s top class. London is ranked by JLL’s Cities Research team among the seven established world cities. The UK Capital is particularly strong for its growth in digital sectors and its ability to nurture talent, there are more high-ranking universities in London than any other city in the world.

 

5.) There will be ever more connection between living and technology. There are 25% Britons without multiple smart devices in their homes. The thirst for technology will keep growing that means homes will accommodate ever more automated devices.

 

6.) Climate and social awareness will keep accelerating. All new homes will need to be Net Zero Carbon by 2030.

 

Download Research

03 Jan 2020

It is now more than three and half years since the EU Referendum and we are still living in a period of uncertainty. In fact, uncertainty has now become the new certainty.

The greater certainty for the UK economy following the Conservatives’ resounding General Election win should lead to notable increases in house prices, transactions and housing starts across all regions of the UK.

 

JLL’s Residential Forecasts will help you through this period of constant change offering valuable insight on:

- Brexit, domestic politics and the UK’s future economic performance

- House price growth, housebuilding and housing transactions

- Where developers and investors should focus their capital

- Policy shifts affecting First Time Buyers through to Seniors

- Changing housing preferences and the role of BTR/Multifamily

- How technology will change UK Living

- Climate crisis and its impact on UK Living

Download Report

19 Dec 2019

Tokyu Land is bringing more than 1,100 apartments and residential amenities to Tokyo's inner-city island.

 

Tokyo 2020

The eyes of the world will be on Tokyo in 2020 when the Olympic Games bring an expected 40 million visitors and huge media interest to Japan's capital.

For overseas property investors, the extensive urban redevelopment spurred on by the events and foreigner-friendly economic reforms have opened up the world's third largest economy like never before.

Excellent business facilities and infrastructure and simplified tax, visa and ownership regulations are making Tokyo a competitive alternative to other global cities for real estate investment.

Demand for property in Tokyo is at an all-time high – not only from overseas buyers, but also due to the increasing domestic migration of professionals and students into the capital.

Developers are striving to meet this demand with a steady supply of projects entering the markets in desirable locations.

While Tokyo's “once-in-a-century” regeneration is primarily focused on the central business districts, there's also heavy investment in improving infrastructure and amenities in outlying wards.

This includes new commercial and residential developments on Toyosu, a man-made island in Tokyo Bay that's home of one of Tokyo's largest shopping malls and the world's largest fish market.

 

Shop and play by the bay

Toyosu was purpose-built in the 1930s as a residential, retail and recreation district in East Tokyo. Home of the first 7-Eleven convenience store in Japan, the reclaimed island has always been a popular excursion for Tokyoites.

Today, it attracts visitors from all over Japan and further afield with some of the capital's best shopping and family-friendly entertainment, set against the tranquil backdrop of Tokyo Bay.

Since October 2018, Toyosu has been the new home of the former Tsukiji fish market – now called Toyosu Market and almost twice the size of its predecessor. Customers and interested onlookers can attend the lively bidding sessions for fresh fish, seafood and fruit and vegetables across three connected buildings. These also include a retail area with more than 70 stores and restaurants serving the freshest catches.

Nearby LaLaPort shopping mall has been a popular haunt for retail therapy since the 1980s, featuring more than 200 stores including Banana Republic, Gap, a Disney Store and a Pokemon Center. There are also diverse eateries, a cinema and the Kidzania theme park, where children can play grown-up and gain experience of various professions including pilot, doctor and chef.

Other family-friendly attractions in Toyosu include the educational Gas Science Museum and Planets virtual reality experience, while local parks offer plenty of wide open spaces for sports, picnics and barbecues along the waterfront.

 

Well-connected property

Toyosu Station offers easy access to the rest of Tokyo via the Metro Yamanote Line and elevated Yurikamome train, departing every few minutes.

Tokyo's central wards can be reached in less than 10 minutes, soon to be made even faster when the Bus Rapid Transit (BRT) service begins by 2022. Haneda Airport can be reached in 45 minutes on the Metro or 40 minutes by limousine bus, while the Tokyo Water Bus offers a scenic alternative for travelling between Odaiba and Asakusa.

Residential property in Toyosu consists of limited apartments and condominiums. The newest to launch on the overseas property markets is Branz Tower Toyosu, a residential precinct more than 250,000 square feet in size that includes a supermarket, child care center and green space, dominated by a 48-story tower.

 

 

Branz Tower itself will be a new landmark of the island, designed by architect Shuji Okumura to resemble a sturdy tree of white and glass. The nature theme continues inside with cherry, cypress and maple palettes for bedrooms and water features setting the mood for relaxation at the end of a busy day.

The tower will include a choice of one, two or three-bedroom apartments ranging from 467 to 2,367 square feet.

Residents can also access exclusive amenities including a Sky View Lounge, recreation room, co-working areas and fitness facilities, with a concierge service available in the lobby to take care of requests.

A total of 1,152 apartments are available at Branz Tower Toyosu, which is expected to complete construction by October 2021.

 

 

15 Nov 2019