The surprising impact of retail on property prices
We all look for something different in a home; whether it is the number or size of bedrooms, the outside space, a large open-plan kitchen, dining or study room we seek, we all have different requirements. And that goes for the location as well. To most of us, location is important; whether that’s being near to transport links or living in a rural idyll.
So what about shops, how much does retail offering matter? Well, our research shows that the majority of people do want to live near good quality retailers. In fact 83% of those surveyed said it was important to have a strong retail offering in their neighbourhood, and 77% felt having good quality retail had a ‘strong positive’ impact on residential values. So what else did our survey uncover..?
Our annual Hot 100 report reveals the winners of London's residential market. By analysing the best performing boroughs in a number of categories including demography, affordability, lifestyle choices and employability, our report takes an in-depth look at the London housing market trends over each year.
A ‘green home’ is designed to be environmentally friendly and sustainable. The underlying design focusses on using as little water, energy resources and building materials as possible, and thereby creating a smaller impact on the environment.
What was the one deciding factor when you moved in to your home? Was it the location? Perhaps the distance to work, maybe the size of the bedrooms or were you looking to move into a property with unique interior design? We’ve all got certain things that we look for when it comes to renting or buying a property and different aspects will be higher up the “must have” list than others so the CBRE Residential team thought we’d do some investigating…
When it comes to new property development in London, it’s not surprising that top of a buyers wish list is close proximity to transport links, local attractions and amenities, city views and a desirable location. However, guesswork doesn’t always meet the genuine requirements of potential buyers, which is why the CBRE Residential team has undertaken a survey looking at the most popular amenities in new developments, to help understand exactly what prospective buyers are looking for from their new build property.
Conventional wisdom suggests that property markets slow down in light of an upcoming general election. General elections are uncertain, and the property market doesn’t like uncertainty. However, we have found that property markets are, in fact, pretty resilient when faced with an election, with very little change to overall behaviour.
Stable house price growth across all regions suggests a narrowing gap between growth rates; activity levels are maintaining consistent levels and the UK economy is ticking along nicely.
One of the biggest factors for couples and young families when choosing a new home is the quality of nearby schools. Across the entire 33 boroughs of London there are currently 3,118 primary schools. In total 658 of these schools, equating to 21%, have been rated ‘outstanding’.
In the latest edition of the CBRE Hot 100 we’ve researched a number of locations around London and identified the top ten boroughs for Shopaholics. This means we’ve pinpointed exactly where you need to move to if you simply love shopping, want to live close to a great coffee shop or need easy access to the best restaurants to meet with friends and family.
Millennials – defined as those born between 1980 and 2000 – make up a quarter of the UK’s current population. Our latest research examines how this often discussed, but little understood, group of people are shaping our society.
As summer arrives in the capital, thoughts turn to enjoying the great outdoors. As a sprawling city, you might not expect London to be great for nature and wide open spaces but we can officially dispel this myth.
Born between 1980 and 2000, millennials have come of age during a rapid period of technological advances and political change. Typically viewed as the generation who want it all, and want it now, millennials have been described as ambitious and self-confident with high expectations. But are these generalisations accurate?
London remains one of the most popular global cities, and if you are looking to buy a residential property in the capital, the good news is we’ve identified the top ten most affordable boroughs to buy in, from our Hot 100 report.
Although the detail of the Government’s proposed ban on lettings fees isn’t yet clear, it will clearly impact the operating environment. It could feed through to higher landlord costs, which could feed through to rents. Alternatively, and more likely, letting agents may have to absorb the costs themselves.
I recently flew to the beautiful city state of Bahrain to speak to a select group of women about investment in property. My focus was on female empowerment, and investment as a way to exercise financial freedom and economic power.
As the Government issue their Housing White Paper, Jennet Siebrits, Head of Residential Research at CBRE, comments:
A surprisingly strong end to the year as the economy continues to grow following the EU referendum result. The residential market is stable although overall transaction levels remain subdued.
Wellness isn’t simply about avoiding the latest strain of flu that is going around, rather it is about striving towards ‘physical, mental and social wellbeing’. So while it’s imperative one gets enough physical exercise, to ensure overall wellbeing one needs to attend to other aspects of life.
House prices are generally used as a proxy for an area’s desirability. Basic economics tells us that the higher the demand, the higher the price paid for it and the demand for a property in a commuter town will reflect a number of attributes. These include travel time and cost to London, quality of local schools, green space, local retail and other amenities.
After an interesting year for the Capital, we take a look at reasons why the world still loves London.
Jennet Siebrits, Head of Residential Research at CBRE UK gives her predictions for the Autumn Statement.
Three months on from the Brexit vote and economic conditions have markedly improved since any initial panic immediately after the vote. Official data is showing healthy indicators, sentiment is on the upturn and anecdotal evidence shows little to no effect on activity in the land and housing markets across the regions.
Halifax have recently announced the introduction a new mortgage product with the cut off age of 80....
On the fifth of May, we, the people of London, will vote to elect a new London Mayor. While many will be sad to see the ever-popular Boris Johnson retire into his well-earned “bucolic existence”, there are five main candidates competing to replace him. And the two front-runners, Zac Goldsmith and Sadiq Khan, both have the London housing market at the top of the agenda.
The thriving international financial centres of Hong Kong, London and New York have long been the most desirable residential markets on the planet.
From the famous transformations of Covent Garden and Southbank to current day projects, regeneration has always been an important part of the ever-evolving London landscape.
In the second half of 2015, the Government made two announcements that will fundamentally change the buy-to-let landscape: as from April 2016, investors will be subject to an additional 3% stamp duty levy and, from 2017, a reduction of tax relief on rental income will be phased in. These higher tax rates may well discourage some investors.
Help-to-Buy: the name sounds promising, doesn’t it? After all, who doesn’t want a bit of ‘help to buy’ a house? But how does it work? And what does it actually mean in terms of savings?
With prices in the capital forever soaring, commuter towns remain popular with families looking for space, proximity and value for money. But when you take into account the extra travel time and costs involved, you have to ask: is the move out of the city really worth it and, if so, what are the best options?
Outer London is starting to experience a resurgence in popularity as more people head to Zone 5 for cheaper homes with reasonable commutes.
So here’s the scoop: Iranian sanctions are due to be lifted soon. Yes, the moment the International Atomic Energy Agency verifies that Tehran has upheld its side of the bargain and restrained its nuclear program to be in line with the international agreement (JCPOA), everything changes. That day will be affectionately known as: implementation day.
Probably the most alluring trait of new build apartments, aside from the fact that all the door knobs work and you don’t have to climb the stairs to the 27th floor, is that they come with an array of amenities: concierge, pool, gym, cinema room – the list is endless. But the question is this: with our busy London lifestyles, how many of these do we actually use?
The way people rent in London is changing. As more and more struggle to get on to the property ladder young professionals are now looking to rent in new builds.
So where in the world has the highest rents? The lowest house prices? The best growth? Our Global Living Report answers all these questions and more, but here is a sneak peak:
Looking at lists and numbers in isolation can only take you so far when painting a cohesive picture of Global property markets. Indeed, sometimes one factor in isolation can be misleading; it is necessary to look at how everything hangs together to get a true feel.
This year's Cityscape proved to be the most successful yet, with the launch of our Global Living report and thousands of people to meet and greet, there was barely time to catch our breath...
With London Rugby fans anticipating the World Cup kick-off in September, we thought it might be interesting to compare house prices of the favoured teams to see if there was any correlation between winning teams and winning house prices:
Zone 4 - It’s basically like living in the country isn’t it? A long old commute to work, but without the benefit of the actual countryside? Well would it surprise you to know that the average travel time into the centre of town from Zone 4 was 33 minutes?
With 70 towers currently under construction in London and another 102 with planning permission, the skyline of London is changing. Our trend towards residential towers cannot be denied, but why the strong move to tower-living?
Head of Research, Jennet Siebrits, looks at the benefits of regeneration
In our latest regional development land report we investigate how the key land markets have been performing around the UK in Q2 2015.
In our most recent piece of research, British living, we compare the housing market across 29 of Britain’s most well-known towns and cities and were struck by one of the not-so-obvious ones: universities.
The property market in outer London has heated up over the last year, with average growth of 16% in 2014, according to our recent Borough by Borough report. Despite these increases, you will find many areas around the 93 tube stations in Zone 3 still have a relatively affordable housing market.
The tradtional route to adulthood is changing with a new style of European living becoming more normal...
Buy to let borrowing has had a stronger and longer recovery compared to the mainstream housing market. The number of financial advances for buy to let borrowers began increasing consistently at the start of 2011, growing on average by 23% per year.
North, south, east, west – grab your compass folks, it turns out that might be your most valuable tool in figuring out where your next pad may be.
Depending on the area you choose to live renting in London can often be expensive. This is rarely a shock to anyone, even if they’ve never set foot in the capital.
A buyer must include any transaction costs, like stamp duty and other ongoing taxes and fees. These costs vary across countries and sometimes within countries. But, while the purchase and living costs of high value properties in London and New York are broadly similar, these costs are dwarfed by those in Hong Kong.
People are continually looking to stay up to date with the latest technological trends. Here we look at the next design trends in the home...
Zone two is starting to spark interest as buyers realise the potential for growth, but which Zone 2 underground stations will give you the best bang for your buck?
The 2015 General Election has been probably the most exciting and uncertain election of this generation. Up until the exit polls it was too close to call.