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://cms-resi.eu.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://cms-resi.eu.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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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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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.&nbsp;

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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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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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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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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

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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<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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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://cms-resi.eu.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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Reading is considered the principal reginal and commercial centre of the Thames Valley and has been identified as one of the leading economic growth points in Europe and forecasted to be a fast-growing location 2020-2023. There is a strong employment market, driving demand for property and lettings with Reading considered to be one of the UK&rsquo;s top places to live and work.Bankside Gardens comprises 7 blocks. All these buildings are situated close to the tranquil lake and feature stylish 1 and 2 bedroom apartments. All of which offer a private terrace or balcony providing breath-taking views over the lake or the landscaped gardens.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1657002886/olmwebcontents/ip/prod/uubuasw2noxd6n7ivftn.png" />With continuous investment over the past 20 years, Reading has grown in status and reputation. It is home to many high-profile businesses, bringing aspiration, spirit and vibrancy to this thriving town.World-leading educationTwo of the country&rsquo;s top-performing selective secondary schools are in Reading &ndash; Reading School for boys and Kendrick School for girls. Both regularly top the league tables for GCSE and A-level results. Besides, Reading University is a world-leading research and educational centre, with over 15,000 students.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1657002895/olmwebcontents/ip/prod/wszjxxqcd9fi78jhbw9l.jpg" />Just minutes from central Reading, Bankside Gardens is where contemporary urban living meets the natural environment. This design-led development of chic 1 and 2 bedroom apartments is set beside a beautiful lake, surrounded by acres of parkland, and also offers residents a host of excellent facilities. At Bankside Gardens style, connectivity and relaxation go hand in hand.For more information about Bankside Gardens and other residential properties in Reading, please contact JLL investments Limited at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

Bankside Gardens, Reading - where contemporary urban living meets the natural environment

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Finest standards of education in Harrow: experience the location-superiority and high cost-performance in brand new low-density apartmentsHarrow is synonymous with the distinctive educational standards. The borough is currently home to over 50 nurseries and primary schools, and more than 20 secondary schools. According to Ofsted, there are nearly 10 primary schools rating as outstanding and good, for example, Marlborough Primary School, Pinner Park Junior School, Nower Hill High School, etc.Harrow School is one of the most famous school among them. It has nurtured many well-known politicians since centuries, including Winston Churchill, Stanley Baldwin, Robert Peel etc. With the impressive recognition of education in Harrow, people may have the presumption of high property price. In fact, there are also many apartments with high cost-performance and reasonable entry price in recent projects.Although Harrow located in the zone 5 of London, the well-developed transportation networks are comparable to zone 2. It takes less than 15-min to central London, Euston. Locating in the suburb, Harrow is surrounded by breath-taking landscape and prestigious education networks, it is always attractive to families with kids. Therefore, the demand for 3-bed apartments is relatively increasing.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1653029412/olmwebcontents/ip/prod/p4adudaciprdo1oip7b9.jpg" />It takes 10-min walk to the historical Headstone Manor and Museum built in early 14th&nbsp;century from Eastman Village, which is a great place for leisure.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1653029460/olmwebcontents/ip/prod/a5teqpezs1rcmfjgoiz1.jpg" />Eastman Village is handcrafted by the leading developer Barratt Homes with 60-year experience, providing 1 to 3-bed low-density apartments with balcony. There 14 outstanding-rating school in reachable distance from the project, it only takes 10-min drive. New residential quarter Newman Apartment is now released, price starting from &pound;359,000* for 1-bed apartment and 3-bed apartment starts with &pound;599,000*, which is favourable for investment and families with kids.For further information on Barratt International, please contact JLL Investments Limited: +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1653029510/olmwebcontents/ip/prod/ckbgblgsxeifrldgxzha.jpg" />&nbsp;Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. Our sales representatives for overseas property work exclusively in relation to properties outside Hong Kong and are not to deal with Hong Kong properties, unless expressly stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Acquiring interest in an apartment in the building with 999-year leasehold. Planning Permission no: P/2165/15 granted by London Borough of Harrow. Property ID no.: IRP_N_101_25628. *Prices and details correct at time of going to press. Travel time is approximately estimated. Sources: tfl.gov.uk and Google maps. Last updated date: 18.05.2022.

Finest standards of education in Harrow

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Sitting at the heart of north London, Clarendon has an excellent transport network, shopping city amenities and surrounded by outstanding school network.Clarendon is going to be the new landmark with cosmopolitan development in North London. Well connected with a choice of four stations in zone 3, by taking less than 15-minute walk to Alexandra Park and Hornsey overground stations, and easy access to Turnpike Lane and Wood Green underground stations. Providing reachable distance from underground and mainline stations to central London within minutes. Within a 30-minute walking distance, there are Sainsbury&rsquo;s Hornsey and Covent Garden for essentials and luxurious shopping, thoroughly fulfilling the needs to the surrounding neighborhood. Moreover, the Alexandra Park and Palace is just 1.2 miles away from Clarendon, where residents are able to visit this iconic gig venue of north London and to enjoy varieties of amusements in a grand scale.All-rounded communityClarendon demonstrates an excellent combination of a community in north London. Not only providing spaces for extensive business and retail, Clarendon also deliver superb facilities with breath-taking landscaped gardens. All the connections of shops and restaurants, especially the iconic Alexandra Palace are brought to a central boulevard, where residents can be easily access to a variety of entertainments.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1652940082/olmwebcontents/ip/prod/k7tkfuzepunrhm59lpdr.png" />&nbsp;Jones Lang LaSalle Investments Limited is a licensed real estate agent, license number: C-082467. Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. Our sales representatives for overseas property work exclusively in relation to properties outside Hong Kong and are not to deal with Hong Kong properties, unless expressly stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Planning Permission no: 08/03361/OUT and 16/01694/FUL granted by London Borough of Haringey. Acquiring interest in an apartment in the building with 999 Years Leasehold. Property ID number: IRP_N_101_00354. The last update date: 04 Mar 2022.

Clarendon: The new landmark of north London

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Birmingham, also known as the &ldquo;Second City&rdquo;, is the largest city in the UK outside of London, with a population of 1.1 million people and 2.6 million in the metropolitan region. With its distinguished impacts, there are mainly 5 reasons that Birmingham attracts foreign direct investment in recent years.Glasswater Locks is a global first launch collection handcrafted by St Joseph, under Berkeley Group. With a selection of contemporary canal-side apartments and duplexes, creating a thriving new community with extensive on-site amenities and landscaped views.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1652766174/olmwebcontents/ip/prod/sykdoq7ycz8fm7jhnuu3.jpg" />Its prosperity has made Birmingham become the second largest city in the UK and classed as the youngest city in Europe of the vibrancy in population. It has 40% of the population are below the age of 34. According to certain studies, it shows that there are more people moving to Birmingham from London than vice versa which has become the top 3 cities for internal migration in the UK.Birmingham is the largest economic output and the second best performing city core in terms of economic growth with &pound;31.9 billion, and the GVA set to climb 4.5% in 2022. Large-scale projects will further accelerate local&rsquo;s economic growth and community development in the future.HS2 project impactKnown as the heart of the UK, Birmingham&rsquo;s central location has always been recognised of its strong transportation connections, however the introduction of HS2 will elevate the city&rsquo;s transport links to the next level. The forthcoming Curzon Street station will be the fourth mainline station in the city. The high-speed service it provides will minimise the travel time to other UK&rsquo;s major destinations.Since the demand for rental properties has resulted in double digit growth this year, it is expected that the rental market of Birmingham will grow 17% over the next 5 years, while the rents of city centre increased by 10% in the year to March 2020. According to JLL UK research, the HS2 leads &pound;900M investment which Birmingham will be one of the biggest beneficiaries.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1652766184/olmwebcontents/ip/prod/a2uvjueztxw0shjum1ng.jpg" />Glasswater Locks is an exclusive development located between Birmingham&rsquo;s Eastside and the city's vibrant Learning Quarter. With the superb transportation networks, residents only need to take 8-minute walk to the forthcoming Curzon Street station or 7-minute to New Street station by bike, further unlocking opportunities and links to the city core.Glasswater Locks is developed by the Berkeley Group, one of the most recognizable and high reputation residential development in the UK. Glasswater Locks offers luxury 1 to 2-bed apartments, with prices starting from &pound;232,500. Residents are able to enjoy the Canal-side Club, with library area, meeting room, 24-hour concierge and several co-working stations, coffee bar, private gym and cinema room. Ensuring residents&rsquo; wellbeing and encourage greater balance between work and life.&nbsp;For more information about Glasswater Locks and other residential properties in Birmingham, please contact JLL investments Limited at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

Glasswater Locks, Birmingham - Prestigious place for foreign investment

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Being the youngest city in Europe, Birmingham is full of energy and becoming the No.1 city for internal migration from London. Supporting by The&nbsp;Big City Plan and the High Speed 2（HS2）, Birmingham keep transforming into a world class city centre.Snow Hill Wharf is a new collection of stylish apartments from St Joseph, part of the Berkeley Group, providing advantages of urban living, excellent transport connections, city centre amenities and a stunning canal side to the podium gardens.Birmingham is not only the second largest city in the UK, but also shine among the Europe with great progress. It&rsquo;s city centre population grew 163% from 2002 to 2015 while 60% of the population are now under 35. Young professionals tend to stay in Birmingham looking for different opportunities. Birmingham maintains the&nbsp;4th highest graduate retention rate&nbsp;&ndash; 41% year-on-year of over 100,000 full-time students.Birmingham is the largest city economy outside of London which is home to a &pound;31.9 billion economy&nbsp;and the driving force of a &pound;80 billion regional economy. Key infrastructure projects will further accelerate the growth of the Birmingham&rsquo;s economy and development in the coming future.HS2 Effect on house priceSitting at the heart of the&nbsp;high-speed&nbsp;rail network, HS2 brings great connection to Birmingham, cut the commute time to London from an hour will be cut to just 49 minutes, making Birmingham more accessible to anywhere. The new Curzon Street Station will be one of the most environmentally friendly stations in world. The construction will support 1,000 jobs and will help drive regeneration of the whole site.House prices in Birmingham are expected to see the highest house price growth over the next 5 years, rise more than any city in the UK, according to JLL UK new research. Birmingham will be one of the biggest beneficiaries from the HS2 rail link, and 2022 is a remarkable year that bringing Birmingham on the world stage when the city hosts the Commonwealth Games. An additional 6,300 relatively high earning jobs have been created in the city by HMRC and through organizing the Games. The average house price in Birmingham is expected to rise by 4.9% per year, with rental values rising by 2.8%.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1645005837/olmwebcontents/ip/prod/xyjvhvibbyjrdh75derj.jpg" />Growing demand for new buildThe excellent economic performance of Birmingham starts to attract global investors to diversify their property portfolios. Rising young population is producing a unique rental market in Birmingham. A talent pool mixed by high-earning individuals, is now looking for new residential development with quality design and amenities.Snow Hill Wharf&nbsp;is an exclusive development nestled between the tranquil canal-side and the vibrant Jewellry Quarter in Birmingham. Resident can enjoy the outstanding transport connections with only 7-minute walk from Snow Hill station and 8-minute walk to Colmore Business District. It also closes to the forthcoming High-Speed Railway station (HS2), offering easy access to London and the bustling city centre.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1645005856/olmwebcontents/ip/prod/diejaztjwn1vnyghd08n.jpg" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1645005866/olmwebcontents/ip/prod/n4l2wnqcx49xmaup73ku.jpg" />Snow Hill Wharf built to the Berkeley Group&rsquo;s high standards while it has been named the Residential Development of the Year (more than 100 units) at Insider's Midlands Residential Property Awards 2021. Snow Hill Wharf brings luxury living to Birmingham offering 1 to 3-bed apartments, with prices starting from &pound;322,500. These 420 apartments built to the highest level of specification and quality in Birmingham offer a host of unique facilities, such as 24-hour concierge service and residents-only facilities, including a gym, sauna, steam room, cinema and lounge.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1645005877/olmwebcontents/ip/prod/i9yq6l7cli3ak5qrjn22.jpg" />&nbsp;For more information about Snow Hill Wharf and other residential properties in Birmingham, please contact JLL Investments Limited at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

Snow Hill Wharf, Birmingham - Exciting location for global property investors

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As London's second&nbsp;financial hub&cedil; Canary Wharf is full of towering office buildings that its streets are remains relatively busy in the New Year. According to the latest update from JLL UK team, Canary Wharf rental market in the first month of 2022 is strong in demand that lettings figures are higher than the same period of last year.The UK government has been encouraging citizen to &ldquo;learn to live&rdquo; with the coronavirus since last summer that people has been getting back to office. According to TfL journey figures, the highest day for the City section in the first half year of 2021 was on May 27. Entry and exit taps totaled 264,637 on that Thursday. Canary Wharf was one of the busy stations where 37,393 taps were made that day.High rental demand in different new buildWith an excellent transport network, Canary Wharf remains a lucrative spot in which to own real estate in England&rsquo;s capital. Analysis of LonRes 2021 data shows that most of the capital&rsquo;s prime neighbourhoods achieved upward growth in the average rent. While Canary Wharf and the Docklands is the most affordable pocket of the prime rental market with the monthly rent averaging &pound;1,980, 5% up compare with Q3 2021. It means that people are likely to stary in Canary Wharf enjoying the cost-effective choices of high-end apartments.According to JLL UK team, activity of new applicants&rsquo; registration is active that demand for property in Canary Wharf is high. In the first week of January, there have already more than 9 deals of lettings are agreed from JLL UK which is higher than any previous January.New builds in Canary Wharf have achieved sharp rental growth compare with last year. The 1-bed rent of Landmark Pinnacle, one of London's tallest residential tower, is currently range between &pound;2,000 to &pound;2,600 per month, 36% higher than Q1 2021. The Units are now rented up to floor 70 that luxury studio apartments are the most popular now.Landmark building is ready for occupationApart from Landmark Pinnacle, Amory Tower is a 53-storey new residential development reaching the panoramic views of Canary Wharf that ready to move in now. Standing 182m tall, it covers the River Thames and beyond at one glance.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1642577139/olmwebcontents/ip/prod/qaat9cuvm3bmpj8btisy.jpg" />Developed by LBS Properties, Amory Tower is designed with its exemplary track record in London. Most of the apartments can enjoy private outside space that the balcony connects the living room and bedroom together. Highline club residents&rsquo; amenities including 12-metre pool, gym, sauna, steam room and landscaped gardens offers a wide variety&nbsp;of&nbsp;way for relaxation.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/t_ip-image-optimization/v1642577154/olmwebcontents/ip/prod/t1y6diahmud89bvtbh8a.jpg" /> On-site view photo from 53/F south-facing unitSetting in the prime location of Canary Wharf, it takes only 3-minute walk to South Quay DLR station, which make residents get across the capital is effortless. The Jubilee Line takes straight to the West End, while the Docklands Light Railway provides direct access to the City. The new Crossrail will further boost up the connection speed across the city in the future. The development is not only easy access to station but also link up Canary Wharf shopping malls with just 10-mintue walk, where offers everything on your doorstep.Hot pick for investmentCanary Wharf is a diverse commercial district where it is home to&nbsp;over 150 office tenants including national and global headquarters. The demand for residential remains consistently stable with the large and steady group of tenants from young professional.As a sumptuous&nbsp;and new&nbsp;development in Canary Wharf, the rental market response towards Amory Tower is active and positive. The rent of studio apartment is now range between &pound;1,560 to &pound;1,700 per month, according to JLL UK. The latest rental figures also show that balcony units are popular that can reach to higher rent.Amory Tower is a collection of 319 residential apartments, with prices starting from &pound;512,500 for a studio apartment.For more information about Amory Tower and other residential properties in London and the UK, please contact JLL Investments Limited at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>.

Keep up with Canary Wharf Market: Amory Tower is ready to move in with stable rental demand

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Living in the most liveable city Edinburgh: Reinvent the rich history and capture the rare opportunity to acquire new residential apartments

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