Central London's housing markets are back on a firm footing after three years of uncertainty, making property developers and investors optimistic about the future.Our UK residential research shows that property prices remained stable over the past year before picking up strongly in the first three months of 2018. This was aided by the government-backed Help to Buy equity scheme that allows buyers to secure homes under &pound;600,000 (HKD 6,231,000) with as little as a five percent deposit.Developers are eager to increase construction activity and capitalize on this high demand, but new government restrictions, such as the increased affordable housing provision, have caused a slowdown in planning applications. While development activity has held steady over the past year, the longer term outlook is less certain unless these challenges can be met.&nbsp;Sales rebound in Q1 2018<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1531882839/olmwebcontents/ip/prod/sddpyjh6fmufihq3zcmr.jpg" />The number of sales of &lsquo;new builds&rsquo; in Central London jumped 31 percent in the first quarter of 2018 to 2,450 sales. Annual sales are expected to stabilize around 8,500 units, a turnaround from the steady decline in the market since 2015.House prices in Central London have also remained stable across all submarkets over the past 12 months. Large discounts of 10 percent or more have become less common, suggesting stronger market conditions and growing confidence.Demand is highest for lower-value properties, such as those that qualify for the Help to Buy scheme, with more affordable districts of Outer London outpacing those closer to the center of the capital. Homes in up-and-coming regeneration areas such as&nbsp;<a href="https://www.scmp.com/presented/business/topics/invest-overseas-properties/article/2152925/embassy-gardens-jewel-crown" target="_blank">Nine Elms</a>&nbsp;and those close to&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/news/special/76/jll-international-residential-elizabeth-line-crossrail-london/?utm_source=internationalresidential.jll.com.hk&amp;utm_medium=referral&amp;utm_campaign=article-en" target="_blank">Crossrail stations</a>&nbsp;are especially popular with investors owing to the price growth that is forecast over the coming years.Buyer demographics are also changing, with a higher proportion of domestic owner-occupiers buying new build units. Foreign investment is still a driving factor however, with Chinese and Hong Kong buyers being attracted to the UK market by the weakened pound.&nbsp;Construction volumes holding firm<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1531882847/olmwebcontents/ip/prod/jcsxn9v4rrrqrywmpf2c.jpg" />Over 42,600 homes are currently under construction across Central London&mdash;close to a record high. Of these, 45 percent are being built in Core markets closer to the center of London&mdash;predominantly in more affordable Canary Wharf&mdash;but development activity is gradually shifting to the Outer Core to meet buyer preferences for lower-value properties. Around 75 percent of new planning permissions are for Outer Core markets, particularly in the east of the city.Like sale prices, construction volumes have stabilized over the past six months, although a decline in planning permissions has already seen a drop in the number of new projects commencing in the first quarter of 2018. This slowdown is believed to be largely due to new initiatives launched last October by London Mayor Sadiq Khan that require 35 percent of new builds to be affordable housing and for developers to be subject to stricter reviews and greater transparency.While these measures have reduced the appetite of some, most residential developers say they still feel positive about building in Central London, especially in the most desirable locations.&nbsp;Gradual improvements aheadOur research forecasts ongoing stability and steady price growth through the rest of 2018 that will reward the patience of developers and investors. Central London house prices are expected to grow by 9.8 percent from 2018-22 and rents by 8.8 percent over the same period, supported by the Help to Buy scheme before its expiry in 2021. Sales growth is also expected to continue.Construction activity will remain relatively stable across the year, with Outer Core developments increasing their share from 55 percent of projects at present to 75 percent by 2020. Canary Wharf and Nine Elms will be the most sought-after Inner Core markets.Director of Residential Research at JLL UK, Neil Chegwidden, explains: &ldquo;The Central London development sales market remains slower than developers would like, but prices have remained firm for the past year. Some developers are delaying launches, but most are continuing with existing plans.&ldquo;The volume of construction activity is high by historic standards but, with planning applications slowing sharply&mdash;driven in part by the Mayor's firmer stance on affordable housing provision&mdash;the medium-term supply pipeline is less certain.&rdquo;&nbsp;For more information about London residential properties, please&nbsp;<a href="https://internationalresidential.jll.com.hk/insights/article/central-london-residential-markets-remain-robust-in-2018#contactus">contact</a>&nbsp;JLL International Residential at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com?subject=Central%20London%20Enquiry-summer%202018">irp.hk@ap.jll.com</a>.

Central London residential markets remain robust in 2018

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Long overshadowed by London and Paris, Berlin has steadily risen to prominence over the past decade as the most attractive European capital city for commercial and residential property investment.Germany's political and cultural center was named the most desirable city by investors for the fourth year running in PwC's&nbsp;Emerging Trends in Real Estate Europe 2018&nbsp;survey, which saw German cities taking four of the top six places. Generating &euro;9 billion in property deals in the first three quarters of 2017 according to Real Capital Analytics, Berlin is now Europe's second most active market after London.While house prices and rents are increasing in all major European cities, Berlin's rapid growth is perceived to be more sustainable. That&rsquo;s because the city's rising population and a restricted housing supply is maintaining a high level of demand. With a limited number of permits being granted each year, new builds in prime city center locations offer profitable prospects to overseas buyers looking for investment or buy-to-let properties.&nbsp;Why Berlin?Berlin appeals to people from all walks of life &ndash; from students and young people drawn by its vibrant culture and nightlife to families seeking a higher quality of life and businesspeople tapping into one of Europe's largest economies. In a time of global uncertainty, Germany has remained relatively stable economically and politically, earning its capital a reputation as a safe haven for investment.<img alt="" height="667" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1529893960/olmwebcontents/ip/prod/b5allsk8fxefm1is78rd.jpg" width="1000" />&nbsp;Last year saw Berlin's GDP grow by 2.2 percent, its strongest performance in six years, following significant growth of 48 percent between 2005 and 2016. As well as being home to the headquarters of Germany's largest companies, from Axel Springer to Zalando, Berlin is also a growing technology hub with a thriving start-up scene, aided by funding initiatives such as Google's Factory Berlin.With 47 universities and technical colleges in the area, there's no shortage of talented workers or students in need of accommodation in a city where renting, not buying, is the norm. Only 14 percent of Berlin residents own their homes, which combined with a low vacancy rate of 1.5 percent makes the city a perfect fit for landlords.&nbsp;High demand, low supplyLimited housing has been driving up prices and rents in Berlin for a decade, but the market became even more tightly squeezed during the refugee crisis, when population growth peaked at 61,000 new arrivals in 2016. Growth has been slowing since, but the population is still predicted to increase by an average of 3 percent each year to 2030 as Berlin continues to be an appealing destination for migrants from elsewhere in Europe and further afield.Berlin's strict housing policy is contributing to the supply shortage, with the city only issuing a limited number of permits for new-build constructions each year. A record 22,000 permits were issued in 2017, increasing construction activity across the city over the next few years, but further increases are unlikely owing to a shortage of available land and high land prices. This will keep the supply of new apartments in Berlin significantly below the level of demand forecast in the coming years, fueling the rise in rents and property prices.Rents in Berlin grew by 9.1 percent in 2017 to &euro;11.10 per square meter per month. Rents are highest in the central districts of Mitte, Charlottenburg-Wilmersdorf and Friedrichshain-Kreuzberg, with Mitte having the highest median rent at &euro;13.95/sqm/month for existing apartments and &euro;16.75 for new builds. Mitte also has the most expensive house prices, with condominiums selling for an average of &euro;4,990/sqm (&euro;6,560/sqm for new builds).<img alt="" height="592" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1529893995/olmwebcontents/ip/prod/ehhnhslzeqxoqyvkj79r.jpg" width="1000" />&nbsp;Berlin's fastest growing district, Mitte, is a major focus of development activity with more residential projects and completions than any other part of the city. These include the new residential quarter Luisenpark Berlin-Mitte by Instone Real Estate Development.For more information about Luisenpark Berlin-Mitte and other residential properties in Berlin, contact JLL International Properties at&nbsp;<a href="tel:+85237590909">+852 3759 0909</a>&nbsp;or&nbsp;<a href="mailto:irp.hk@ap.jll.com?subject=Germany%20Berlin">irp.hk@ap.jll.com</a>.

Berlin property offers high returns at lower risk than other European capitals

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The Tokyo 2020 Olympics have accelerated regeneration efforts in Japan's high-tech capital, with the country preparing to welcome a record 33 million foreign visitors that year, but these 'once-in-a-century' redevelopment projects will also bring about longer term gains.Already one of the most urbanized nations on Earth, Japan's urban population continues to rise with an estimated 94.3% of people living in cities in 2018, according to the World Factbook. This centralization is evident in Tokyo itself, as the megacity draws more and more people from surrounding cities every year and its residents cluster around its bustling central business districts.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1529037714/olmwebcontents/ip/prod/ij97e7pfwbvs3iaxmt3z.jpg" />These sub-metropolitan &lsquo;cities-in-the-city&rsquo; each have defining characteristics that appeal to different demographics. Now, an unprecedented level of public and private investment in transport infrastructure, commercial facilities, and public amenities is enhancing these attributes to make Tokyo's CBDs even more appealing.&nbsp;Shinjuku &amp; Shibuya: home of youth, fashion and creative industryTwo of the capital's largest urban centers (or&nbsp;fukutoshin), Shinjuku and Shibuya are neighboring districts in Western Tokyo that have a lot in common, including being home to Tokyo's two busiest train stations. However, those who spend any time exploring their neon streets and hangouts will quickly learn to spot the difference.Shinjuku is the larger and louder of the two. Tokyo's answer to Manhattan's Greenwich Village, Shinjuku is the city's most fashionable night spot and boasts the largest concentration of skyscrapers in Tokyo, including legendary architect Kenzo Tange's imposing Tokyo Metropolitan Government building and Shinjuku Park Tower.Shinjuku Station is one of the busiest in the world, with more than 3.5 million passengers passing through its 200 gates in an orderly fashion every weekday. Many of Japan's biggest companies have their headquarters close to Shinjuku Station, including electronics giants Olympus and Seiko Epson, auto manufacturer Subaru, and game developer Square Enix.Shibuya is no less lively, especially of the area outside Shibuya Station where up to 2,500 pedestrians cross its famous five-way scramble crossing every time the traffic lights change. Shibuya has a youthful and creative personality; it&rsquo;s been a major technology hub since the 1990s and is home to many start-ups today, with facilities to support both foreign and domestic creative content industries.<img alt="" height="533" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1529037722/olmwebcontents/ip/prod/sa9vdjrwevxkfgqykl04.jpg" width="800" /><a href="http://www.scmp.com/presented/business/topics/invest-overseas-properties/article/2148577/tokyos-shibuya-regeneration" target="_blank">The Shibuya Station area redevelopment</a>&nbsp;is one of the largest regeneration projects currently underway in Tokyo. This 15-year masterplan will streamline transport links, create new public plazas, and add approximately 9.5 million square feet of commercial and retail space in earthquake-resistant skyscrapers by 2027.Both districts have long been sought-after addresses in Tokyo, and new residential projects are addressing this high demand. Scheduled to open its doors in December, The ParkOne's Shibuya Honmachi by leading developer Mitsubishi Jisho Residence will offer 118 family-friendly apartments with convenient access to both CBDs, just 4 minutes from Shinjuku and 10 minutes from Shibuya.&nbsp;Ginza: high-end shopping, fine dining and fine artGinza's high street and luxury department stores are quieter than Shinjuku's or Shibuya's, their more expensive price tags attracting a more select and mature clientele. Popular with Tokyo's wealthy for more than a century, and more recently a favorite of Asian tourists, Ginza is the go-to destination for prestigious global brands like Apple, Cartier, and Rolex, as well as premium local boutiques selling the finest Japanese wines and delicacies.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1529037735/olmwebcontents/ip/prod/jhu8hsxeroer27eqk6ri.jpg" />Beyond retail therapy, Ginza has plenty to offer foodies and culture vultures, with 43 Michelin-starred restaurants, more private art galleries than any other part of Tokyo, and the city's most famous kabuki theater, Kabuki-za. Its commercial district is home to blue chip companies such as local airline ANA and tech giants Fujitsu and Panasonic.What Ginza has traditionally lacked is residential properties, with only 1.22% of condominiums built in the wider Chuo-ku ward since 2008 having a Ginza address. This is slowly changing as projects such as the sophisticated PIAS Ginza 8-chome residence by high-end developer Morimoto come onto the market, located close to metro stations, amenities and schools.&nbsp;Omotesando: cultural treasures, peaceful parks and inspiring architecturePassing through Shibuya ward, but a world away from its crowds and sensory overload, tree-lined Omotesando road in Tokyo's cultural quarter Aoyama is a peaceful alternative for shopping and dining that's easier on the wallet than Ginza's high street.<img alt="" height="487" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1529037756/olmwebcontents/ip/prod/qigtsc1r7we7zfdtbvfe.jpg" width="800" />Branching into youth fashion district Harajuku and traditional Cat Street along the way, Omotesando has something for everyone, even if you're just enjoying the fresh air and admiring the distinctive prize-winning architecture of its flagship Dior, Louis Vuitton, and Prada stores that come to life when illuminated at night.Away from the skyscrapers of the bustling CBDs, apartments in Omotesando tend to be low-rise. The Parkhouse Urbance Omotesando is a new collection of compact studios and two-bedroom apartments within 10 minutes' walk of 5 metro and JR lines. Expecting its first residents in April next year, units are ideal for simple, contemporary living and already available for overseas property buyers and investors.For more information about Tokyo residential properties in the city's most sought-after locations, contact JLL International Properties at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com?subject=Tokyo">irp.hk@ap.jll.com</a>.

Tokyo area guide: where to live and invest in the original megacity

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Tokyo's successful bid to host the 2020 Summer Olympics and Paralympics has accelerated the pace of urban regeneration in Japan's high-tech capital. As well as the new sports venues, hotels and transport upgrades catering to international visitors during the events, the Japanese government and Tokyo Metropolitan Government are also investing heavily in long-term improvements within the city's rapidly growing CBDs.Japan's population is becoming increasingly urbanized, with Tokyo in particular drawing an influx of workers, entrepreneurs and students from surrounding regions to its thriving central wards. The international population is also on the rise, with global companies being tempted by lower corporate taxes and relaxed visa rules in Tokyo's Special Economic Zones. Overseas property buyers can also benefit from cheaper stamp duties and a lower price index compared to other major world cities such as Hong Kong, London and Shanghai.The most high-profile redevelopments are primarily located in Shibuya, the trendy heart of the capital that has also been a major hub of tech and creative industries since the 1990s. The Shibuya Station area is currently in the midst of a &ldquo;once-in-a-century&rdquo; regeneration which is aiming to establish the district as a world-leading business and entertainment center to rival the likes of London, Paris and New York.<img alt="" height="666" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1528343218/olmwebcontents/ip/prod/sfeodhgyitr894erneg0.jpg" width="1000" />&nbsp;Shibuya regenerationTokyo's answer to Times Square, the Shibuya Station area is the iconic image of Tokyo. Home of the world's busiest train station, the famous scramble crossing and the statue of loyal dog Hachiko, this popular meeting place is also a haven for startups and international headquarters, for example, Mixi, online Japanese social media company like Facebook, its headquarter is located in Shibuya.The Shibuya regeneration is adding to these landmarks to make the area even more appealing to businesses and investors, with an extensive development plan involving over nine million square feet of new buildings and infrastructure. These include:&nbsp;&nbsp;&bull;&nbsp;&nbsp;&nbsp;Shibuya Hikarie&nbsp;&ndash; this 183-meter skyscraper was the first phase of the redevelopment and was completed in 2012. It houses offices and conference facilities, restaurants, shops and the Tokyu Theatre Orb, which hosts Broadway musicals and other entertainment.&nbsp;&bull;&nbsp;&nbsp;&nbsp;Shibuya Station Building&nbsp;&nbsp;&ndash; a new 230-meter skyscraper adjacent to the rebuilt station and scheduled for completion in 2019. Its rooftop observation deck will offer panoramic views over the city that stretch as far as Mount Fuji.&nbsp;&bull;&nbsp;&nbsp;&nbsp;Shibuya Station South&nbsp;&ndash; another 180-meter skyscraper will be constructed on the former site of the redirected Tokyu Toyoko Line railway, housing office space, a hotel and services for creative startups.&nbsp;&bull;&nbsp;&nbsp;&nbsp;Dogenzaka&nbsp;&ndash; a new commercial and office building will be erected near the existing Shibuya Mark City complex.&nbsp;&bull;&nbsp;&nbsp;&nbsp;Sakuragaoka&nbsp;&ndash; this area south of the station will be home to a new 180-meter office tower and 150-meter condominium targeted at foreign buyers.&nbsp;&bull;&nbsp;&nbsp;&nbsp;Shibuya River&nbsp;&ndash; this overlooked waterway running through the district will be turned into an attractive pedestrian plaza that is expected to open later this year.&nbsp;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1528343225/olmwebcontents/ip/prod/vhkhqaiqpudmw0adfggq.jpg" /><div>(Image from Shibuya Station website)&nbsp;</div>Further commercial buildings of various sizes will follow in the second phase of the redevelopment which will carry through to 2027 and is expected to unlock even more of Shibuya's potential.Solving the housing shortageWith more local and international talent being drawn to the district, the already high demand for accommodation in Shibuya is skyrocketing, especially for larger family homes. Only 20 percent of condominiums in Shibuya currently have two or three bedrooms, compared to the 50 percent average for other central Tokyo wards. New residential developments are addressing this shortfall.For more information about Tokyo residential properties, contact JLL International Properties at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com?subject=Tokyo%20Shibuya">irp.hk@ap.jll.com</a>.

Tokyo's Olympics regeneration is creating residential opportunities

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It may be the world's most powerful financial center and have a huge appeal for tourists, but there's a less showy side to London that makes the UK capital a timelessly appealing place to live. Look beyond the shimmering skyline and you'll find a world of red brick Victorian mansions, tranquil waterways, and sprawling Royal Parks.<img alt="" height="490" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1526892828/olmwebcontents/ip/prod/dgsp9svqbhmbr5cmftv2.jpg" width="800" />The impending launch of the new Crossrail service by year's end is making certain areas of London even more attractive to residents and investors alike, with our research forecasting house price growth of 16 percent above the Greater London average by 2020.Among the best connected stations on the new line will be Paddington, which lies within walking distance of leafy residential neighborhood Maida Vale. Combining classic red-brick charm with this convenient Crossrail connection, the affluent W2 district offers more affordable house prices than nearby St. John&rsquo;s Wood, Notting Hill or Mayfair. Garrett Mansions is a new property in Maida Vale by leading developer Berkeley Homes that updates the traditional mansion square for the 21st century.&nbsp;Serenity in the cityRenowned for its peace and quiet and the canal side cafes of &lsquo;Little Venice,&rsquo; Maida Vale offers the experience of close-knit village living while still being enviably close to London's top sights and destinations, from Harrods to Buckingham Palace. Home to the BBC's Maida Vale Studios, the area has long attracted musical talent, some notable residents including singers Bj&ouml;rk, Jarvis Cocker and Noel&nbsp;<a href="https://www.ft.com/content/413181c2-399e-11e8-8b98-2f31af407cc8" target="_blank">Gallagher</a>.<img alt="" height="600" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1526892837/olmwebcontents/ip/prod/tziqdtcksgnoczh11wpd.jpg" width="600" />Garrett Mansions is less than 15 minutes' walk from two of London's most famous parks&mdash;Hyde Park to the south and Regent's Park to the north-east&mdash;totaling a combined 760 acres of green space. The boutiques of Marylebone High Street are less than 20 minutes on foot, and it's not much further to the cultural charms of SoHo and fine dining in Mayfair.<img alt="" height="600" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1526892844/olmwebcontents/ip/prod/emyuyvekgjsxnyqzipg8.jpg" width="600" />Families with children will also be spoiled for choice when it comes to exceptional education options. Local St. Saviour's primary school is rated &lsquo;Outstanding&rsquo; by Ofsted, and notable universities including the University of Westminster, Regent's University London and London School of Economics are all within easy reach.For getting around the city and beyond, the district is as well-connected as you'd expect for prime Zone 1 London. Edgware station offers access to four Underground lines just a minute's walk from Garrett Mansions and it's also a short walk to Paddington station and Crossrail, taking you to Heathrow Airport in 21 minutes.&nbsp;Classic style with modern amenitiesGarrett Mansions is part of the larger West End Gate development that's reimagining the London mansion block for the modern age. Architects Squire and Partners designed the red brick buildings to blend sympathetically with their period surroundings, overlooking a serene private garden.This classically-inspired design continues inside the apartments, which are characterized by warm bronze and heritage tones, and feature engineered timber flooring, integrated appliances, and bespoke fittings. Residents can also access exclusive amenities at the development's Westmark building, including a swimming pool, fully-equipped gym and spa, private lounge, dining and cinema rooms, and a 24-hour concierge.<img alt="" height="667" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1526892850/olmwebcontents/ip/prod/xjaezogyzasdniva6q5i.jpg" width="870" />Berkeley Homes Sales and Marketing Director, Simon Howard, says the West End Gate development offers an excellent opportunity to overseas property buyers. &ldquo;With great design, amenities and location, the mid-range pricing opens up room for investment growth,&rdquo; he explains.&ldquo;With the current and predicted lack of supply, it's a safe option for an investor. With the area&rsquo;s new transport connections, the opening of Crossrail, and the prestigious, established locations all around, I see it as a very good opportunity.&rdquo;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1526892857/olmwebcontents/ip/prod/bql9l0g95pucjkpv0ucj.jpg" />&nbsp;For more information about Garrett Mansions at West End Gate and other Central London residential properties, contact JLL International Residential at +852 3759 0909 or&nbsp;<a href="mailto:irp.hk@ap.jll.com?Subject=West%20End%20Gate%20Garrett%20Mansions">irp.hk@ap.jll.com</a>

Garrett Mansions: refined village lifestyle in the heart of London

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With the British pound at a 31-year low, there are immediate advantages to investing in the UK market. The currency exchange means you can get a lot more for your money. Add to that low interest rates, and the supply/demand imbalance and the returns on
 investment look promising, thanks to stable home prices and rentals.You can start earning a rental income immediately by buying secondary stock.So, what should you look for when buying a completed property?&bull;&nbsp; &nbsp; &nbsp;Length of lease &ndash; check this is reasonable. Over 100 years is acceptable.&bull;&nbsp; &nbsp; &nbsp;Age of building &ndash; remember that while a completed property may not be in the same pristine condition as a new one, you will be able to add equity by renovating to improve its condition.&bull;&nbsp; &nbsp; &nbsp;Organise your finances &ndash; having an Agreement in Principle arranged with your bank or mortgage lender will put you in a stronger position than other buyers as you will know how much you can borrow, without affecting your
 credit score.&bull;&nbsp; &nbsp; &nbsp;Service charge - this is often lower with an older property, potentially increasing the investment yield.&nbsp;&bull;&nbsp; &nbsp; &nbsp;Resale potential &ndash; consider the property&rsquo;s aspect and view and how it may be impacted in future as this will affect its value. This is easier to judge when a property is completed and can be viewed, and is a very
 important consideration in areas like Canary Wharf.&bull;&nbsp; &nbsp; &nbsp;Move quickly once you&rsquo;ve put an offer in.Investment OpportunitiesUnison, Churchway, London, NW1- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One-bedroom apartment-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/F, 506 sq ft,-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Price from &pound;720,000-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great location in Zone 1, only 3 minutes&rsquo; walk to Euston station and a short walk to Regent&rsquo;s Park-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Close to University College London and the British Library-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excellent rental investment opportunity or for use as a pied-a-terre<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1521699472/olmwebcontents/ip/dev/btvjkngxpp54b5cvqnf8.jpg" width="670" />Horizons Tower, Yabsley Street, London, E14-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stunning two-bedroom apartment with two bathrooms- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/F-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Price from &pound;600,000-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balcony with excellent view-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Private residents&rsquo; gym<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1521699726/olmwebcontents/ip/dev/nj3zhcmhxbznh4vccotl.jpg" width="670" /><img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1521699736/olmwebcontents/ip/dev/xjwilbcmkezcyvu1eyzb.jpg" width="670" />Craig Tower, Aqua Vista Square, London E3-&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One-bedroom apartment-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570 sq ft-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Price from &pound;350,000-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Courtyard and canal views-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Situated in trendy Bow, minutes from Canary Wharf&rsquo;s financial centre-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apartments are finished to the highest standard-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currently let for 1 year<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1521699744/olmwebcontents/ip/dev/aghhsqbf33ablrw9kz8s.jpg" width="670" />For JLL International Residential Property listings,&nbsp;<a href="https://www.jllproperty.com.hk/international-sales//">please click here</a>.For more information on investing in overseas homes,&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/services/investors-and-developers/international-residential-property-services?utm_source=jllproperty.com.hk&amp;utm_medium=referral&amp;utm_campaign=article-en">visit our dedicated webpage</a>, or&nbsp;contact us at +852 3759 0909 /&nbsp;
 <a href="mailto:irp.hk@ap.jll.com">irp.hk@ap.jll.com</a>&nbsp;or click&nbsp;<a href="http://interact.jll.com/resale-properties?utm_medium=organice&amp;utm_source=jll-website&amp;utm_campaign=resale-aug&amp;utm_content=news-section">here</a>&nbsp;for enquiries.&nbsp;&nbsp;&nbsp;

Looking to buy a completed UK property?

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Hong Kong&rsquo;s residential property market is renowned for being one the world&rsquo;s most expensive. So how do the hottest property markets overseas measure up to Hong Kong&rsquo;s in terms of price range, size and facilities?We set out to discover what HKD 10-12 million would buy you around the world.For that price in Hong Kong, you could purchase a new, 500 sq ft, 2-bedroom apartment in Kai Tak or Tsuen Wan, or a 700 sq ft, 3-bedroom apartment in an older building in Sai Wan Ho. The facilities at Hong Kong&rsquo;s newer buildings include a clubhouse,
 gym and outdoor pool. The city&rsquo;s older buildings will have fewer facilities but perhaps more spacious layouts and higher ceilings.The same budget would buy a luxury apartment in London, Manchester, Berlin, Tokyo, or on the East Coast of the U.S., such as in New York or Boston.London<img class="fit-picture" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523600293/olmwebcontents/ip/prod/lcbuewnmnwn4hc6tgcsm.jpg" />The UK&rsquo;s capital city has traditionally been a top choice for Hong Kong investors and, in recent years, mainland Chinese, who are on the look-out for overseas opportunities to diversify their property portfolios.Central London boroughs like Westminster and The City of London are the most popular, thanks to their iconic London views, numerous Zone 1 transport connections, and proximity to some of the world&rsquo;s best theatres and restaurants. A luxury 1-bedroom,
 600 sq ft apartment with a Juliette balcony in these areas will cost you around GBP 1 million (HKD 10.2 million). Facilities in new builds include concierge service, a clubhouse with cinema room and gym, and residents&rsquo; lounge.A little further east in Zone 2, your money will go further. GBP 1 million will buy you a 2-bedroom apartment of around 800 sq ft in a luxury high-rise, complete with leisure facilities and fantastic views of London landmarks such as the London Eye and
 The Shard.New developments in Zone 2 are often built around parks, plazas and shops. The regeneration of large swathes of this part of East London has given rise to excellent community facilities, including sports centres, museums, theatres, art galleries, and
 even a boating lake.&nbsp;Canary Wharf, now London&rsquo;s major business and financial district, is home to a cluster of luxury property developments, as well as stylish wine bars, restaurants, and Canada Square Park, which hosts summer concerts and a winter ice-skating rink.&ldquo;A 2-bedroom, 700sq ft luxury apartment on the waterfront with a balcony at the&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/p/uk/london/canary-gateway">Canary Gateway</a>&nbsp;is priced at GBP 470,000 (HKD 4.8 million),&rdquo;
 says&nbsp;
 <a href="mailto:mandy.wong@ap.jll.com?subject=Enquiry:%20What%20can%20HKD%2010%20million%20buy%20you?">Mandy Wong</a>, our Head of&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>,
 Hong Kong. &ldquo;That means you could buy two apartments there compared to just one in Hong Kong.&rdquo;&nbsp;Manchester&nbsp;<img class="fit-picture" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523600722/olmwebcontents/ip/prod/nofjpbhn9vlc9asdcqwi.jpg" />&nbsp;Manchester has undergone a complete transformation over the past 10-15 years. It&rsquo;s become the North of England&rsquo;s entertainment and cultural hub, and many tech companies have relocated to this thriving metropolis.&ldquo;Manchester apartments are of a similar size to those in London, but they are much less expensive. For the equivalent of HKD 10-12 million (GBP 980,000-GBP 1.17 million) you can buy a penthouse near the city centre,&rdquo; says&nbsp;<a href="mailto:Anne-Marie.Sage@ap.jll.com?subject=Enquiry:%20What%20can%20HKD%2010%20million%20buy%20you?">Anne-Marie Sage</a>,
 our Head of International Residential Property Services, Asia. &ldquo;Investors typically purchase flats priced between GBP 200,000 and GBP 400,000 (HKD 2-4 million).&rdquo;<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523600791/olmwebcontents/ip/prod/f7x1q7rpfvepuo48lxqc.jpg" />An exciting residential development in the heart of the city centre is&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/p/uk/manchester/manchester-new-square">Manchester New Square</a>. Its three 12-15 storey buildings are set around landscaped
 gardens, with artisan restaurants and shops nearby. Here, a 1,000 sq ft, 3-bedroom luxury apartment would cost you GBP 466,500 (HKD 4.8 million).On a smaller budget of around GBP 200,000, you can purchase a 700-1,000 sq ft flat with 2-3 bedrooms in an older building, or a 500-600 sq ft, 1-bedroom flat in a newer building.&nbsp;And it&rsquo;s easy to rent investment properties in Manchester. &ldquo;It takes an average of just nine days to find new tenants,&rdquo; notes Wong.&nbsp;&nbsp;Berlin<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523600837/olmwebcontents/ip/prod/zrj9mfrn0p1cdr6ha4bc.jpg" />Berlin has also undergone a major transformation in recent years, attracting throngs of young working professionals. That makes it a solid investment choice with potential for &ldquo;sizable return on investment,&rdquo; says Sage.The city bears all the hallmarks of a booming property market: the new Berlin Brandenburg international airport is likely to open in 2019 and&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/news/special/28/berlin-frankfurt-spotlight">many industries have moved to the city</a>,
 especially the technology sector. It also has a flourishing entertainment and cultural scene. The Mitte, the historical heart of Berlin, is home to art galleries, museums, theatres, clubs, Humboldt University, the railway station, the Brandenburg
 gate, Berlin Cathedral, and The&nbsp;Reichstag.In the city centre, Berlin Mitte, EUR 600,000&ndash;700,000 (HKD 5.5&ndash;6.4 million) buys a 1,000 sq ft, 3-bedroom apartment in a new luxury building, overlooking the River Spree. A penthouse with 3-4 bedrooms is still within our budget, priced at
 EUR 1.2 million (HKD 11 million). However, buyers typically invest much less, paying EUR 400,000 (HKD 3.66 million) for new apartments with concierges and 24-hour security.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523600905/olmwebcontents/ip/prod/p53zgds6qgf8uaemnnwq.jpg" />Luisenpark Berlin-Mitte is being developed as a new residential quarter between the city&rsquo;s two most iconic squares, Alexanderplatz and Potsdamer Platz.&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/p/germany/berlin/luisenpark-parkside-house">Parkside House</a>&nbsp;is
 close by. Scheduled for completion in 2019, a 1,000 sq ft, 4-bedroom apartment in this luxury development costs EUR 569,000 (HKD 5.21 million).Tokyo<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523600945/olmwebcontents/ip/prod/yppl9ppwgyknznxqjbgo.jpg" />Tokyo has always been a popular choice for property investors in South East Asia.&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/news/tokyo-s-olympic-sized-investment-potential">Interest is expected to pick up</a>&nbsp;now that the city
 is hosting the 2020 Olympics, with investments anticipated to improve its infrastructure.Since Japan&rsquo;s asset price bubble burst in 1992, few luxury apartments have been built. So when luxury developments do come onto the market in prominent districts, such as Shibuya, Omotesando and Aoyama, they tend to be snapped up by investors from
 Hong Kong and elsewhere.<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523600999/olmwebcontents/ip/prod/rcutw98rgcetofvdun8n.jpg" />Property prices across Tokyo vary greatly. In Shibuya―a popular nightlife spot and trendy shopping district famous for its busy pedestrian crossing―a luxury 1-2 bed, 800 sq ft apartment with a balcony, close to the railway station, starts from HKD 10
 million. In Chuo-ku, historically the main commercial centre of Tokyo, a 3-bedroom, 900 sq ft apartment within the luxury 14-storey&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/p/japan/tokyo/premist-nihonbashi-hamacho-koen">Premist Nihonbashi Hamacho-Koen</a>&nbsp;residential
 block is HKD 8 million.Facilities in new buildings generally include a concierge, well-decorated lobby, residents&rsquo; lounge, and Japanese Zen garden. If you are looking for club house facilities, including a gym, you&rsquo;ll find them in new high-rise buildings located
 in Tokyo Bay or Shinjuku. Here, prices for units start from HKD 3-4 million.New York<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523601029/olmwebcontents/ip/prod/e7x4wchf0gqtfxsfotf6.jpg" />Prices vary greatly in New York, depending on whether the property is located in Upper, Lower or Midtown Manhattan.HKD 10 million could buy you an apartment in Lower Manhattan or Midtown. One-bedroom, 700 sq ft luxury apartments in buildings with concierge service and gyms sell for between USD 800,000 and USD 1.2 million (HKD 6.24 million and HKD 9.36 million).At Extell&rsquo;s One Manhattan Square, a condominium tower on the Lower East side of Manhattan, prices started at around USD 800,000 to USD 900,000 (HKD 7 million), with units priced on average at USD 1.2 million (HKD 9.4 million).&ldquo;The U.S. is more a more popular market for mainland Chinese buyers, than those from Hong Kong or Singapore,&rdquo; observes Sage. &ldquo;The main reason end-users buy properties in the U.S. is that their children are being educated there.&rdquo;Boston<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523601113/olmwebcontents/ip/prod/p2bwftpeq6yxhuzmd8xw.jpg" />Further up the U.S. East Coast, Boston has undergone tremendous regeneration. It is particularly attractive for investors seeking properties for their children to live in while studying at the city&rsquo;s world-famous universities, such as Harvard and&nbsp;
 <a href="https://www.google.com.hk/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;ved=0ahUKEwid58mjh9fWAhWEoJQKHXV4BZYQFggnMAA&amp;url=http%3A%2F%2Fweb.mit.edu%2F&amp;usg=AOvVaw3uxzffl3-t5OE_zPz7UTWi">Massachusetts Institute of Technology</a>&nbsp;(MIT).<img alt="" src="https://jll-global-gdim-res.cloudinary.com/image/upload/v1523601158/olmwebcontents/ip/prod/nkhvu7s7m5rhuqzcogh0.jpg" />One popular choice is&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/p/usa/boston-massachusetts/echelonseaport">Echelon Seaport</a>, a&nbsp;large-scale condominium development located in the heart of Boston&rsquo;s Seaport
 district comprising two 21-storey buildings offering 447 luxury condominiums. The development boasts three pools, a roof garden, health club and spa, fitness centre, and luxury retail shops and restaurants. A 700 sq ft, one-bedroom apartment is priced
 at HKD 9 million.Fit for the futureBought for around HKD 10 million, luxury apartments in highly sought-after urban districts worldwide have great potential for capital appreciation. While you wait for prices to rise, there is no shortage of demand for leasing apartments in these first-class
 cities, so you can look forward to a comfortable rental income.Looking to buy?&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/p">Check out our listings</a>.For more information,&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/services/investors-and-developers/international-residential-property-services">visit our International Residential Property Services webpage</a>, or contact&nbsp;
 <a href="mailto:anne-marie.sage@ap.jll.com">Anne-Marie Sage</a>.&nbsp;

What will HKD10-12 Million Buy You in the World’s Most Desirable Cities?

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2020 will be here before we know it&mdash;and with it, Tokyo will welcome the Olympic Games. As the city looks forward to hosting the event, with all the tourism benefits it will bring, Japan&rsquo;s housing market remains upbeat.Strong capital appreciation, stable rental yields, a weakening yen, and buoyant demand continue to attract international investors to buy Japanese homes.Japan&rsquo;s overall residential property price index rose by 4.7% in January 2017 from the same period last year, according to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT).In Tokyo, existing condominium units&rsquo; average prices rose by 3.1% during the year to end-Q1 2017, according to the Land Institute of Japan (LIJ).That&rsquo;s why&nbsp;<a href="mailto:mandy.wong@ap.jll.com?subject=Japanese%20Investment%20OLM%20article%20enquiry">Mandy Wong</a>, Head of&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/services/investors-and-developers/international-residential-property-services?utm_source=jllproperty.com.hk&amp;utm_medium=referral&amp;utm_campaign=article-en">International Residential Property Services</a>&nbsp;at JLL Hong Kong, believes international buyers should consider what investing in Tokyo could mean for them.&ldquo;The Bank of Japan&rsquo;s negative interest rate policy, coupled with the relatively weak yen, means that overseas investors can make substantial returns," she says.The current appeal lies in the positive yield spread between real estate assets and the cost of capital. Banks are left with few investment alternatives than to lend to real estate at &ldquo;ridiculously cheap&rdquo; rates, according to research from Price Waterhouse Cooper Asia Pacific.High housing occupancy levels and stable rents offer investors a steady income stream, with returns looking especially promising on properties in areas such as Shibuya, the wealthiest of Tokyo&rsquo;s five central wards.Shibuya is being heralded as Japan&rsquo;s Silicon Valley, attracting demand from the country&rsquo;s fast-evolving tech industry. Designated a &ldquo;national strategic special zone&rdquo;, it is now is undergoing rapid change. Large office and retail redevelopments are re-establishing it as a major business and retail centre.Shibuya enjoyed the highest nominal wage growth from 2010 to 2016, according to data from Ministry of Internal Affairs Japan. In turn, this increase in earnings is expected to drive demand for purchasing and renting higher quality housing in central Tokyo.To meet that demand, several new residential developments are already under construction in Shibuya, with some expected to launch to the market as soon as 2020.For JLL International Residential Property listings,&nbsp;<a href="https://www.jllproperty.com.hk/international-sales/">please click here</a>.For more information on investing in overseas homes,&nbsp;<a href="http://www.jll.com.hk/hong-kong/en-gb/services/investors-and-developers/international-residential-property-services?utm_source=jllproperty.com.hk&amp;utm_medium=referral&amp;utm_campaign=article-en">visit our dedicated webpage</a>, or contact&nbsp;<a href="mailto:mandy.wong@ap.jll.com?subject=Japanese%20Investment%20OLM%20article%20enquiry">Mandy Wong</a>.&nbsp;

Tokyo’s Olympic-sized Investment Potential

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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

sabv18gczq7xyyujoxoo

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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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&nbsp;PRIVACY NOTICEJones 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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