The Canadian Province of British Columbia has become the latest legislator to attempt to curb inflows of foreign capital into its domestic residential markets. Last week, the B.C Province government took steps to ease pressures in Vancouver’s metropolitan real estate market with the introduction of a 15% stamp duty surcharge for foreign nationals. The popularity […]
The Spanish economy has demonstrated resilience with recent figures suggesting that it’s outperforming forecasts. Spain was 2015’s fastest-growing advanced economy in Europe according to the IMF. Over half a million new jobs were created and employment levels are expected to continue growing at a rate of over 3%, creating over a million jobs in the […]
International investors have long coveted exposure to Europe’s largest property markets such as London, Paris, Berlin and Amsterdam. Yet, there are numerous barriers to entry that mean gaining access to these markets is difficult and there are relatively limited opportunities compared with the high levels of interest. Furthermore, following extended periods of rapid capital value growth, […]
Urbanisation is now a very familiar word to many people, as the world’s population continues to increase. For some it is a term full of hope and promise, but in many cities and for many mayors, it is also synonymous with ever-present housing crises – as is the case in London. The two front running […]
Chancellor George Osborne announced in the Spring Budget that short-term landlords are to be given a £1,000 tax-free allowance, which begs the question – are home-lettings websites such as Airbnb set to become a viable alternative route to market for buy-to-let investors? The new tax allowance is intended to boost the number of micro-entrepreneurs who […]
This week, the economic news has been full of gloomy reflections on a very difficult quarter for financial markets. In Q3, stock prices have slumped by around 10% in the developed world and faster still in emerging markets, the sharpest falls in 4 years. Underlying this is evidence of a sharp slowdown in China’s real […]
Global transactional volumes continued their period of growth in the second quarter growing by 9% over the first half of this year. At half year transactional activity stands at US$333 billion almost 50% up on the same period just two years ago, demonstrating the attraction of real assets in this current cycle. The longer this […]
The upcoming general election is impacting on the Central London development market. But how is it manifesting itself and what are the other influences and trends? Well, developers seem to be carrying on regardless of the election, buoyed by the strong sales market of the past few years, although some say they have cut back […]
Over the course of 2014, some £65bn was invested in direct UK real estate – a 16% increase on the 2013 figure and the highest total on record. Remarkably, this was not driven by London, which actually saw a 3% decrease in volumes to £27.4bn. Rather, it was a year of frantic activity in the […]
With 10 weeks to go until the UK General Election, latest polls from YouGov show the Conservatives and Labour are tied for the lead. YouGov’s poll indicates the Tories and Labour are both expected to win 33% of the vote on 7th May 2015. The Liberal Democrats are expected to win 8% while UKIP is in line for 15%. This means the UK is likely to see a coalition again with either […]
I’m often struck by the adaptability of Londoners. This trait is generally highlighted in times of strife; IRA bombings or 7/7, the riots of summer 2011 or yet another Tube strike. Londoners; A Hardy Lot For me, it is the ability to shoulder the little things; endless queues – everywhere, the daily grind of commuting, […]
Crossrail will become fully operational in late-2019. The east to west cross-London line will increase capacity by around 10% on the Capital’s tube and train network, but new research by JLL Residential forecasts how much house prices and rents are projected to rise over the next six years as well as identifying the locations that […]
Is Tower Hamlets the best place to build homes in the UK? Based on population forecasts alone, it could well be. Figures from the leading macroeconomic forecasting consultancy, Oxford Economics show the population of Tower Hamlets in East London is expected to rise by just under a quarter over the next 15 years. The numbers are […]
The UK builds amongst the smallest homes in the world with floor space in new homes averaging 76 sq metres. The above statistic frequently raises questions about how much space is required to meet people’s aspirations. New research from JLL Residential Research shows that first-time buyers in London are prepared to sacrifice size in favour of […]
“So, you’re crossing to the dark side”. That was the initial response from some of my former Estates Gazette colleagues when I said I was leaving my job as News Editor to join JLL as a researcher – a typical accusation of any scribe that hangs up their pen to join the corporate world. But […]
Just a few weeks into 2015 and with the UK General Election on the horizon, the electioneering is in full swing. For the next 15 weeks JLL UK Residential colleagues, clients and journalists will be asking about the impacts related to each of the likely outcomes. Let’s call this note a pre-emptive strike. Tory or […]
