Underdeveloped in years gone by, East London has reinvented itself as a residential property hot spot, with both buyers and landlords drawn to the area following its large-scale regeneration.The success of government-backed gentrification initiatives on the banks of the River Thames has opened the doors to potential property price gains that are expected to surpass all other parts of London.According to Caroline Palmer, Senior Manager with our International Residential Properties Services team, East London is &ldquo;really popular with people looking for pre-completed properties. They have more room for investment growth, and there&rsquo;s been a significant investment in transport and amenities in the area.&rdquo;In the residential re-sales market, we currently see a great deal of activity for &ldquo;flipped&rdquo; units that are near to, or a few months away from, completion.&ldquo;People are so keen to buy and invest, we need a larger stock of apartments for re-sale, particularly as Stratford doesn&rsquo;t have a huge secondary sales market,&rdquo; explains Palmer.&ldquo;We expect the market to acclimatize to the new political and economic environment and for East London&rsquo;s place on the global stage to return to its pre-Brexit status,&rdquo; adds Neil Chegwidden, Director with our UK Residential Research team.It&rsquo;s no secret that both home owners and investors are looking beyond Central London for &ldquo;better value&rdquo; properties, with East London providing much-needed supply in a capital city with a shortfall of around 20,000 new flats annually between now and 2021. But the property market is not the only sector that has its eye glued on East London. Businesses keen to expand their foothold in London are turning to the borough as well.Stratford currently stands out from the pack, boasting the most affordable residential rentals and sales prices in London. Other prime contenders for price growth in East London are Canary Wharf&mdash;which will move within closer reach to the City once the new Crossrail station opens next year&mdash;Royal Docks, Bow, Canning Town and Surrey Quays.JLL&rsquo;s existing stock of apartments on the secondary market across all these residential areas includes a mix of studios starting from &pound;330,000; one-bedroom flats from &pound;410,000; two-bedroom units that start from &pound;610,000; and three-bedroom apartments, from &pound;700,000.The relatively weaker position of the British pound against other major currencies while Brexit bumps are ironed out makes this an opportune time to invest in London property. We forecast sales prices to remain relatively stable this year, while demand for new and secondary homes is expected to increase slightly.Greater London rental prices are forecast to rise by 19.9% annually from 2017 to 2021, versus Central London growth of 13.1%. As for house prices, we expect Greater London to rise 19.2%, compared to 15.8% growth for Central London developments.The average price for residential properties in East London is &pound;625 per square foot (psf), currently the lowest in the city and just one-third of prices in London&rsquo;s Central Southwest area, which stand at &pound;1,750 psf.&ldquo;Cheaper London boroughs have witnessed greater capital value growth compared with more expensive boroughs over the last couple of years, while previously less popular locations have seen higher demand,&rdquo; comments Chegwidden.Why consider the re-sales market?There are any number of reasons to buy or sell London property via the re-sales market.Maybe a buyer didn&rsquo;t buy at the time of a development&rsquo;s launch and later reconsidered and understood the potential for investment growth, reveals Palmer. &ldquo;Once a buyer knows that the area is up-and-coming &ndash; like Stratford &ndash; they become more interested to invest and reap returns,&rdquo; she notes.Properties may enter the re-sales market because their owners made a sizeable gain on their initial investments ahead of their units&rsquo; completion. In these cases, owners may want to reinvest their gains elsewhere, or avoid paying mortgage costs or stamp duty on a completed property.&ldquo;If an owner bought a flat in Stratford for &pound;360,000, they might only have put down a 10% deposit ahead of completion,&rdquo; adds Palmer. &ldquo;Yet, the property may now be worth &pound;410,000.&rdquo;As with every investment there is inherent risk in property transactions, but when the chips are down in the residential re-sale market, the exit door stands open. The key to success, as always, is timing&hellip;For more information about our International Residential Property Resales services, please contact&nbsp;<a href="mailto:caroline.palmer@ap.jll.com?subject=OLM%20Resales%20Article%20Enquiry">Caroline Palmer</a>.&nbsp;

East London Regeneration Drives Residential Re-Sales Market

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JLL has recently formalised a strategic alliance with CORE, a leading Manhattan residential real estate brokerage firm. The JLL/CORE alliance will focus on the sale of to-be-built residential condominium units to buyers in Asia through JLL&rsquo;s long established International Properties group. &nbsp;Founded in 2005, CORE is a forward-thinking brokerage firm providing &ldquo;a boutique, full-service consulting platform for agents and developers to grow and strengthen their businesses.&rdquo;&nbsp;&nbsp; Since its establishment the firm has grown to encompass over 170 real estate professionals and staff, with New York offices in Chelsea, Flatiron, Union Square, Madison Avenue and Brooklyn. CORE has overseen the sale of more than thirty new development projects &ndash; resulting in over $5bn in sales to date.As the global market leader, JLL&rsquo;s International Property team has the strongest global relationships with the most active investors seeking these residential investment opportunities. Through weekend exhibitions, cocktail receptions, and personal meetings, our broker network has a proven track record of selling off-plan residential units to foreign investors. As an ever-increasing number of foreign investors seek residential opportunities in key U.S. markets, the expansion of our services into the New York City market will allow us to deliver opportunities to those investors. The new partnership will also allow JLL and CORE to provide advisory services directly to developers as they contemplate pre-construction design metrics such as unit size, bedroom count and amenities.&nbsp;Spearheaded by JLL Vice President Gavin Morgan, the alliance between JLL and CORE will combine our institutional approach with CORE&rsquo;s proven expertise in residential brokerage, to offer a service which is otherwise unavailable in the New York City market.&ldquo;Such a mutually beneficial arrangement between CORE and JLL provides a win-win for both of our firms&rsquo; respective clients. We now have unrivalled, market leading access to Asia&rsquo;s largest pool of buyers, married to New York&rsquo;s best access to new developments in &nbsp;Manhattan, Brooklyn, Queens and New Jersey,&rdquo; says Morgan. &nbsp;&ldquo;Our uniquely collaborative culture also enables us to leverage relationships both sides of the Pacific to ensure maximum exposure in Asia to the best purchasing opportunities in New York City.&rdquo;If you are interested in learning more about this new dimension of our Investment Sales business or know of a developer that would benefit from a unique approach to capturing foreign demand for residential units, please contact&nbsp;<a href="mailto:Gavin.Morgan@am.jll.com">Gavin Morgan</a>.

American Neighbours: JLL & CORE

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Following June&rsquo;s pro-Brexit vote, London&rsquo;s future as a business hub for the world&rsquo;s biggest players was in jeopardy. Yet barely a few months have passed and already there clear signs that this worry may have been unfounded. Tech giant Apple is just one of the big firms showing confidence in the market, announcing plans to move their UK headquarters to Battersea Power Station in Nine Elms, and it surely won&rsquo;t be long before others follow suit.In a major coup for the $16.5bn regeneration of the Grade II- listed building and the surrounding Nine Elms area, Apple has signed a deal that, in 2021, will see the company occupy 500,000 sq. ft. of office space across six floors in the power station&rsquo;s former main boiler room. Apple will relocate 1,400 employees to the Battersea headquarters from its eight other London offices. As the first company to sign onto the project, Apple&rsquo;s commitment will account for 40% of the building&rsquo;s office space &ndash; a huge vote of confidence for a project that has not been without its critics.Yet as&nbsp;<a href="mailto:mark.elliott@ap.jll.com?subject=Apple%20Battersea%20Article%20Enquiry">Mark Elliott</a>, Associate Director with JLL's&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/services/investors-and-developers/international-residential-property-services">International Residential Property Services</a>&nbsp;team makes clear, &ldquo;it won&rsquo;t only be the power station that benefits from Apples arrival but rather the entire surrounding area. This will see more affluent residents moving into the area, and new shops and bars will open to service this increase in population.&rdquo; &nbsp;In short, the area is expecting to become more gentrified and the &ldquo;buzz will spread&rdquo;, in Elliott&rsquo;s words.As the biggest office letting in the West End of London for over 20 years and one of the largest Apple offices outside the US, Chancellor Philip Hammond views the company&rsquo;s new Battersea site as &ldquo;another vote of confidence in the UK economy&rdquo;. Hammond concludes that, &ldquo;Apple&rsquo;s decision further strengthens London&rsquo;s position as a global technology hub and demonstrates how the UK is at the forefront of the next steps in the tech revolution&rdquo;.It is not only Apple making big moves. They follow Google and Facebook, who signed up for similarly impressive developments in King&rsquo;s Cross and Oxford Street respectively.&nbsp; &ldquo;The reason Apple and Facebook chose the sites they did is predominately because of the incredible infrastructure changes that are happening in the vicinities of their respective sites&rdquo;, adds Elliott. &ldquo;There is a lot residential buyers can learn from that &ndash; these are also the factors that can increase return on investment for those looking to pick up property in those areas.&rdquo;Nine Elms, where two new underground stations will be completed by 2021 and the new US Embassy is just a few hundred metres away, is just one example. Adjacent to Facebook&rsquo;s new offices on Tottenham Court Road meanwhile, Crossrail &ndash; &ldquo;the biggest infrastructure change in London since the War&rdquo; &ndash; will facilitate travel across the entire city, with dramatically reduced journey times.Alongside these new tech headquarters, there are also a number of prestigious banks acquiring new bases of operations in London. Wells Fargo &amp; Co. signed a deal just three weeks after the EU referendum, and will be paying 300mn pounds to move into 33 Central &ndash; between Old Street and Farringdon, with quick transport connections to both Westminster and the City. The deal is further proof that London&rsquo;s real estate demand may remain stronger than predicted.While it could be argued that London was always going to continue to attract the world&rsquo;s top banks, the long-term situation remains unpredictable. Yet, until Article 50 is triggered and the Brexit situation is fully resolved, it seems that major corporations from different sectors are still willing to invest heavily in the London market to the benefit of international property investors.&ldquo;These companies are not moving there for fun - they are investing in the location as they are aware what it will be worth it in the future,&rdquo; concludes Elliott. &ldquo;You should too.&rdquo;For more information about the UK property investment market, please contact&nbsp;<a href="mailto:mark.elliott@ap.jll.com?subject=Apple%20Battersea%20Article%20Enquiry">Mark Elliott</a>.

What Brexit? Apple moves UK HQ to Battersea power station

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Manchester, often considered Britain&rsquo;s second city behind London, is undergoing something of a revival, with amenities to match its rival in the south. &pound;800 million has been invested in Manchester&rsquo;s Airport City and &pound;110 million in The Factory, an impressive theatre and arts facility worthy of West End performances. So it was perhaps only a matter of time before the city also sought to replicate one of London&rsquo;s most fashionable addresses and develop the &ldquo;Mayfair of Manchester&rdquo;.Built on eight hectares surrounded by the River Irwell, the Castlefield conservation area and Manchester city centre, St. John&rsquo;s &ndash; a new development from Allied East &ndash; hopes to live up to the name it was given in an original design brief.<a href="mailto:mark.elliott@ap.jll.com?subject=St%20John%27s%20Article%20Enquiry">Mark Elliott</a>, Associate Director with JLL's&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/services/investors-and-developers/international-residential-property-services">International Residential Property Services</a>team, believes the moniker is justified, likening the development to an opportunity to &ldquo;buy in Mayfair in 1990.&rdquo;With the likes of Soho House already expressing interest in the project, he says it won&rsquo;t be long until the other big players of the London scene start to take hold of the opportunities to open boutiques, bars and Michelin-star restaurants. &ldquo;Once that begins to happen the money will start to flow in and in turn there will be large appreciation upon investments,&rdquo; Elliott adds.JLL&rsquo;s UK Residential Research team expects house prices in the North West of England to increase over the next five years, building on 5.5% growth in Manchester in the twelve months to the end of Q2 2016. &ldquo;These are the locations where scale on a per asset basis is easier to achieve,&rdquo; explains&nbsp;<a href="mailto:adam.challis@eu.jll.com">Adam Challis</a>, Head of UK Residential Research in a recent investment report, &ldquo;<a href="http://residential.jll.co.uk/new-residential-thinking-home/research/residential-investment-report-mainstream-november-2016http:/residential.jll.co.uk/new-residential-thinking-home/research/residential-investment-report-mainstream-november-2016">Into the Mainstream</a>&rdquo;. With investors seeking to diversify their portfolios and increase return-on-investment, UK cities outside of London are becoming ever-more appealing.But for many buyers, lifestyle is increasingly important too, and by forging a community around its residential units, St. John&rsquo;s aims to integrate itself into the fabric of its city long-term and offer its residents enriching experiences. They will also have a choice of spaces to fit their individual lifestyles, from low-rise apartments to penthouses, lofts and high-rise living.&nbsp;The expected establishment of workspaces of all sizes, commercial workshops, retail outlets, caf&eacute;s and studios, will transform the area into an attractive destination for a youthful, technologically savvy demographic to both do business and unwind.&nbsp; &ldquo;By encouraging entrepreneurs, innovative companies, artists and designers to develop their craft within the development and then to engage with the wider community, &nbsp;St. John&rsquo;s will stimulate local economic growth and that in turn will lead to higher returns on investment,&rdquo; says Elliott.&ldquo;There is an opportunity here, but it will not be available for long,&rdquo; he warns. &ldquo;Buy in now to be part of one of the most exciting, but under the radar, regeneration projects in the UK.&rdquo;For more information about St John&rsquo;s or investing in UK Property, contact&nbsp;<a href="mailto:mark.elliott@ap.jll.com?subject=St%20John%27s%20Manchester%20Article%20Enquiry">Mark Elliott</a>.

Mayfair of Manchester

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European real estate exposure appears able to retain its position as a sweet spot for global capital. This is encouraging sign when there had been a movement out of European equities in recent weeks into higher yielding (higher-risk) emerging-market sovereign debt.For More Information, Please contact us on +852 3759 0909.

Making sense of Brexit - Updates III August 2016

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JLL residential team provides analysis and insights into residential real estate market in Chicago, USA.&nbsp; For more information, please contact Jones Lang LaSalle on +852 3759 0909.

Chicago Real Estate & Residential Market Overview

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There may be further trouble ahead for London&rsquo;s housing supply problem. The number of new build starts and the number of new planning applications have dropped like stones during 2016. An already cooling sales market, stamp duty changes and Brexit can all claim part-responsibility.But apportioning blame will not solve, avert or reverse the inevitable slide in construction activity. The sales market is exhibiting signs of improvement, but progress is likely to be steady with developers exercising caution. The new Prime Minister and the new Mayor of London need to step in, and step in fast..

New Alarm Bells For London’s Housing Supply

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Jll Residential Team Provides Analysis And Insights Into Residential Real Estate Market In Japan.For more information, please contact JLL on +852 3759 0909

Japan Real Estate and Tokyo Residential Market Overview

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Our analysis covers a myriad of data from the new Crossrail journey times and travel time savings through to some JLL scores about the locations that will benefit most from Crossrail. In addition we have price growth and rental growth forecasts from now until 2020 for every station.

London Crossrail Opportunities 2016

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The Government expressed its concerns on the city&rsquo;s escalating home prices by introducing further demand suppression measures during the quarter. Meanwhile, an improving business environment enabled rental markets to edge higher, with the exception of the retail sector where dwindling retail sales data continued to drag on growth.

Hong Kong Market Summary Q1

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

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