Housing prices in London's third financial center will rise strongly, and the listing of the waterfront park project is very popular.

Shanghai, September 30, 2021 / PR Newswire /-Jones Lang LaSalleA few days ago, an authoritative and in-depth British real estate investment value-sharing meeting was presented to global investors in Shanghai. Nick Whitten Nick Wheateng, head of British housing market research at Jones Lang LaSalle, shared with investors the current changes in housing demand in London, deeply interpreted the housing market in the Royal Wharf area of East London, and looked forward to the development prospects for the next five years.

In the post-epidemic era, the property market in overseas mainstream countries is unexpectedly eye-catching. In the report of Global Housing and Mortgage Outlook 2021 released this year, FitchRatings said that although the COVID-19 epidemic has greatly affected people's daily lives, house prices in most countries and regions have maintained a steady rise because governments and central banks around the world have provided enough economic and monetary policy support.

In the UK, for example, the UK property market has always been the "darling" of global investors. Global capital investment in commercial real estate in London reached 48 billion pounds in 2020, an increase of 21% month-on-month, according to data from the British real estate market. China (mainland and Hong Kong) remains the largest source of investment in London, with a total investment of £12.7 billion, up 25 per cent from a month earlier. Despite the impact of the COVID-19 epidemic, the activity of the London real estate market continues unabated, indicating investors' confidence in the London market.

Among London's boroughs, the Royal Wharf District of East London, the third financial centre of London that offers a high-quality riverside lifestyle, is becoming a new and popular residential area. it brings together high-quality residential, business and entertainment facilities and connects to the centre, office and other areas.

Jones Lang LaSalle, the world's leading real estate service, expects prices in the royal dock district to rise by 30 per cent in the five years to the end of 2026.

The third financial center of London, the Royal Wharf has a bright future.

The Royal Pier area is located in the east of Canary Wharf in London, opposite Greenwich Peninsula and O2 Gymnasium across the River Thames, belonging to the waterfront area of East London. In recent years, the government has accelerated the process of urban renewal in East London. In addition to the existing London City Airport, the University of East London and the London Exhibition Centre ExCeL Exel, London City Hall will be officially relocated to the Royal Marina District in East London from December this year, helping it become a business district and tourist destination.

In addition, the Royal Pier District is committed to becoming the third financial centre in London and is positioned as a trade centre for Asian companies to invest in the UK. Construction of nearly 7 million square feet (about 600000Square metre), adding 60,000 jobs, resulting in 24% population growth and housing demand.

In terms of transportation, the Royal Wharf area has a variety of ways to travel by land, water and air. The new Royal Pier, which connects the Royal Pier area and the Thames Clipper bus service, is already in operation; the Cross-Rail Customs Station, which will open next year, will have easy access to Canary Wharf, Bond Street, Paddington and other places; and the Silver Town Tunnel, which connects the Royal Pier area and Greenwich Peninsula, will also be completed in 2025.

With its pleasant green space and waterfront lifestyle, convenient transportation and future development potential, the Royal Marina area is becoming a popular place to live. In the past 10 years, 4774 new houses have been built in the Royal Pier District, making it a new livable place in London.

Nick Whitten Nick Wheateng, head of UK housing research at Jones Lang LaSalle, reckons that prices in the royal marina district are expected to rise by 30 per cent in the five years to the end of 2026 as buyers are attracted by the quality of their riverside locations and lifestyles. This would significantly exceed the average price increases in London (25 per cent growth) and the UK (20.5 per cent). Once the new cross-railway customs station is opened, prices are expected to rise strongly at the end of 2021 and 2022. Jones Lang LaSalle expects prices to grow by an average of 5.4 per cent a year over the five-year forecast period.

In terms of rents, Nick Whitten Nick Wheateng, head of UK housing research at Jones Lang LaSalle, believes that with the emergence of more high-quality new building rental stocks, the royal dock district expects rent growth to be very strong in 2022 and 2023: between 2022 and 2026, rents will grow at an average annual rate of 3.2 per cent, with a combined growth rate of 17.1 per cent. This forecast represents a better performance over the next five years than the average price increases in London (12 per cent) and the UK (10 per cent).

Layout of Royal Pier area, Waterfront Park residence RiverscapeMake an appearance

The epidemic affects people's choice of residence. The vibrant waterfront scenery, perfect living facilities and convenient transportation in the Royal Pier area are attracting the attention of investors all over the world. Press conference site, Jones Lang LaSalle released the Royal Pier District Waterfront Green Park residential Riverscape.

Riverscape, created by famous British developer Ballymore and Singapore developer Oxley, is located at the confluence of Thames River and Lyle Park in east London, within walking distance of the new business district with London City Hall as the centre, the cross-railway customs station, the Royal Pier Clipper station and two light rail stations nearby for quick access to all parts of London.

The project faces south and is surrounded by vast green spaces and waterfront views with sweeping views of the Times coast, landscapes and the skyline of London's landmark Canary Wharf.

Riverscape Phase I launched a total of 249 apartments, covering 1-3 rooms, all with open layout, balcony, closed balcony or daytime rooms for flexible choice, panoramic window design for views such as Thames River view, park green space and so on. The interior design is inspired by the traditional craftsmanship of the local craftsmen to create a luxurious and comfortable living experience.

The project features a wealth of owner facilities, including a gym, a 25-meter swimming pool, a sauna, an air club on the 17th floor, and a riverside trail, as well as 24-hour concierge and security services.

JLL International Housing Service upgrade, Home Campaign helps start a trip to buy a home in the UK

Over the years, the International Housing Department of Jones Lang LaSalle has deeply cultivated the global market and has long-term and in-depth cooperation with overseas first-tier developers, including the United Kingdom. Relying on professional market research teams all over the country, Jones Lang LaSalle provides customers with authoritative global real estate market reports in time to help customers fully understand market information and house price trends and make rational investment decisions.

Liu Yiqi, head of the international housing department of Jones Lang LaSalle in China, said that from the point of view of the investment destination, whether it is looking at the increase in official real estate transaction data or judging the future trend of the overseas housing market, investor confidence in the real estate markets in mainstream countries such as the UK, Germany and Japan has maintained an upward momentum. During the epidemic, international capital did not stop moving overseas. Hong Kong capital, Middle Eastern consortia and individual investors around the world have acquired some high-quality assets by placing orders remotely. Jones Lang LaSalle firmly believes that overseas mainstream countries are still a wise choice for investors to allocate assets.

In the post-epidemic era, "home" has changed from a residence that carries people's living functions to a pluralistic carrier that includes social, health, leisure and emotion. For any city dweller, "home" is not only a sanctuary for physical space, but also a rest place for the soul, which not only condenses the emotional connection between family members, but also is full of the pursuit of the quality of life and expectations for the future.

The International Housing Department of Jones Lang LaSalle recently launched the "Home-where the heart goes" program to protect customers' overseas home purchase trip and help customers find their desired "home" overseas. Jones Lang LaSalle will explore and understand each customer's living and emotional needs at home more deeply, select the best items of the project, pay more attention to the quality and diversified functions of the residence, take "providing security and inheriting wealth" as the standard, select projects with value-added potential, and choose the ideal Xin residence for customers with a professional and thoughtful attitude of serving their families.。

In Liu Yiqi's view, "in the post-epidemic era, people's demand for 'home' tends to be diversified-- multi-dimensional functional needs such as home office, fitness, and entertainment are expected to be realized in the living space; this change has also led to a rethinking of the relationship between human settlements and the community, and more and more home buyers have new criteria for property and community consideration. The epidemic has also changed the home ownership standards of Chinese investors. They are more willing to sell the spacious living space where they can work from home and rest at the same time. At the same time, they will also focus on factors such as whether there is sufficient green outdoor space in the community where the property is located. The comfort of living has become the first choice. "

In 2021 and in the future, Jones Lang LaSalle International Housing Department will select more British boutique properties for Chinese investors based on residential quality and experience.

For more details, please visit the official overseas real estate website of Jones Lang LaSalle: https://ir.joneslanglasalle.com.cn

About Jones Lang LaSalle

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