UK RESIDENTIAL RESEARCH: SCOTLAND

 

Main regional city centres across the UK are expected to outperform with higher sales price and rental growth as the rise of city centre living continues.

Edinburgh, in particular, is forecast to see strong price growth as limited development activity creates further discord between demand and supply. Glasgow too is set for an exciting few years and something of a revolution in housing terms.

 

Key highlights:

• House price growth in Scotland has averaged 2.9% pa over the past five years

• For Scotland as a whole, house prices will increase by around 10% over the next five years

• We expect Edinburgh city centre sales prices to rise by an average 4.1% pa – one of the highest city growth forecasts in the UK.

• We forecast Edinburgh lettings will increase on average 3.3% per year

• Glasgow city centre sales will rise on average 3.2% p.a

• 1000+ completed build to rent units in Glasgow over the next 3-4 years

JLL - UK residential research Scotland

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22 Oct 2018

The Central London development market has proved remarkably robust during the course of 2017 and has even staged a mini recovery. Oddly though, it doesn’t really feel like it. Prices have held firm during 2017, the number of sales has increased slightly and the number of starts has also risen. Even the number of new planning applications was quite strong in Q2, albeit that was Outer Core biased. So it is encouraging, especially for government, that development activity has been maintained despite slightly less favourable market conditions.

The Central London development market is providing mixed signals. On the one hand, development starts, units under construction and completions are all at record levels and have shown remarkable resilience to turn around the downward trends that had been emerging. On the other hand, the planning pipeline (outstanding applications and permissions) is shrinking as the number of units being sent for planning has slowed, especially in Core markets.

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14 Sep 2020

Paddington’s roots are in transport and most crucially as a gateway into London. But today it is being transformed into a new, vibrant business and residential community while the Heathrow Express and Crossrail are enhancing Paddington as a highly-connected transport hub. New development, both commercial and residential, is playing a pivotal role in this transformation.

 Paddington has a rich, varied and colourful history. It originally evolved as a transport hub, firstly through canals and latterly by rail. Paddington is also famous, of course, for Michael Bond’s marmalade-loving bear. Over the years, the area has undergone numerous transformations and another is presently underway. The current revamp is focussed on creating a vibrant residential and business community which is within touching distance of the West End.

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20 Apr 2018

Manchester is one of the world’s greatest

and most inspirational cities.

The ten local authorities of Greater Manchester represent the largest functional economic area outside London. It is a world-class business and investment location with all the benefits and attractions of a vibrant European metropolis and recently hailed as one of the best cities to live in.

JLL’s Manchester team advises on some of the most exciting and well-known commercial property developments and projects in Manchester and across the North West.

Our Manchester team offers an innovative approach and combines local in-depth knowledge with our national and global property expertise to help our clients seize new opportunities.

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20 Apr 2018

Paddington’s roots are in transport and most crucially as a gateway into London. It has a rather chequered past, but is today being transformed into a new, vibrant business and residential community while the Heathrow Express and Crossrail are enhancing Paddington as a highly-connected transport hub.

 The prospects for the Paddington residential market are very positive. Crossrail, or the new Elizabeth Line, will open here in late-2018 and will immediately elevate Paddington’s profile as well as footfall. The key benefit from Crossrail will be an easier and quicker commute to many parts of the West End, the City and Canary Wharf.

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20 Apr 2018

Update of Social Economic Trends & Housing Market for Berlin, H22016, Published March 2017

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02 May 2018
The shock of the Brexit result has been followed by a period of extreme political uncertainty. The country is now preparing for a new Prime Minister, with an opposition in turmoil and the very make-upof the UK under question. Constitutional issues over majority Remain votes in Scotland and Northern Ireland will be difficult to address over the longer term, with the latter particularly problematic given the land border with the Irish Republic Download Report
20 Apr 2018

The recent growth of all German cities presents municipalities with ever greater challenges. Alongside the creation of supply and transport infrastructure, the provision of housing is one of the main tasks facing towns today.
The significant lack of housing is made clear by the rapidly declining vacancy figures. In almost all major cities with more than 500,000 inhabitants, there is now virtually no vacant space in residential properties. Against this background and the resulting rising rents and purchase prices, municipalities, developers and investors are focussing their attention ever more closely on the construction of residential buildings.
The image of residential high-rises is traditionally characterised by industrial housing constructed in the 1960s to 1980s in districts featuring little social mixing and integration. The experiences of more recent decades - especially in Asia and America - and the technological changes in architecture and building technology mean that today’s towers are state-of-the-art. They appeal to a variety of target groups, from low to very high income classes, aim to offer a high level of integration into urban areas by means of modern mobility systems and increase the value of previously commercially-
used areas within cities, without initiating crowding-out processes.
On the basis of more than 20 European, and over 60 German projects, in the area of high-rise residential developments, this report offers a comparative, if not complete, overview of location criteria, equipment features and target groups in relation to users and investors.

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20 Apr 2018

The London Bridge & Tower Bridge areas have benefited from considerable development and a higher profile over the past ten years. The building out of the existing development pipeline over the

next few years will help to continue the area’s evolution but the real opportunity is in the medium term if further residential development and gentrification inspires an uprating of this centrally and conveniently located pocket of London.

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20 Apr 2018
It is worth reminding ourselves of the scale of the current transformation taking place. By 2025, across the whole of the Nine Elms area, Londoners will see a new high density town in the place of the last large-scale industrial estate in Zone 1. Download Report
20 Apr 2018