London Residential Market Analysis 2014 - Breakfast Briefing

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View the slides as the EGi London Residential Breakfast Briefing as the research team launched their annual market analysis, analysing 15 years of researched data.

The presentation looks at:
> Construction
> Sales
> Pricing

Download the full report, visit www.estatesgazette.com/london-residential-market-analysis/

Published in: Economy & Finance, Business
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  • T
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Doesn’t look like much does it? But this table represents a whole year’s work – But it doesn’t tell us much...
  • Doesn’t look like much does it? But this table represents a whole year’s work – But it doesn’t tell us much...
  • Doesn’t look like much does it? But this table represents a whole year’s work – But it doesn’t tell us much...
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
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  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
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  • Lets look at just the private sector starts, split between inner and outer boroughs
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  • Lets look at just the private sector starts, split between inner and outer boroughs
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  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
  • Lets look at just the private sector starts, split between inner and outer boroughs
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  • Lets look at just the private sector starts, split between inner and outer boroughs
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  • London Residential Market Analysis 2014 - Breakfast Briefing

    1. 1. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 The full EGi London Residential Market Analysis can be downloaded for free, visit http://www.estatesgazette.com/london-residential-market-analysis
    2. 2. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    3. 3. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 In last year’s report we stated that the residential market in the capital was heating up… …this year
    4. 4. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 ets rth ark ter eth am ey ton en ea on ich net ent on am ley ing am am ing ley ow on ton eld est ow ey ge ton ton nd Series1 Series2 Series3 Series4 Series5 Series6
    5. 5. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 London’s burning? What are you basing that assumption on?
    6. 6. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Construction starts…because
    7. 7. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Starts don’t lie…Not the only measure, but one of the best Remember all those site visits
    8. 8. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Year Applications Permissions Under construction Completions Starts 2004 84,533 91,270 36,736 21,423 25,233 2005 92,683 105,182 32,985 25,283 21,403 2006 61,928 128,653 35,842 24,394 26,041 2007 40,830 132,490 40,476 21,722 27,056 2008 53,138 157,052 30,473 25,938 16,345 2009 47,970 176,498 20,255 21,209 11,327 2010 41,659 181,383 24,771 15,195 19,064 2011 59,851 176,374 29,541 17,916 23,483 2012 43,768 216,685 26,865 23,719 20,322 2013 28,943 233,398 36,769 21,972 28,798 %change since 2012 -34% 8% 37% -7% 42% %change since 2011 -52% 32% 24% 23% 23% %change since 2010 -31% 29% 48% 45% 51% %change since 2009 -40% 32% 82% 4% 154% %change since 2008 -46% 49% 21% -15% 76% %change since 2007 -29% 76% -9% 1% 6% %change since 2006 -53% 81% 3% -10% 11% %change since 2005 -69% 122% 11% -13% 35% %change since 2004 -66% 156% 0% 3% 14% Table 1: London development pipeline, unit numbers and percentage change 2004-2013 - private and social units combined Developments of 10 units or more
    9. 9. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Year Applications Permissions Under construction Completions Starts 2004 84,533 91,270 36,736 21,423 25,233 2005 92,683 105,182 32,985 25,283 21,403 2006 61,928 128,653 35,842 24,394 26,041 2007 40,830 132,490 40,476 21,722 27,056 2008 53,138 157,052 30,473 25,938 16,345 2009 47,970 176,498 20,255 21,209 11,327 2010 41,659 181,383 24,771 15,195 19,064 2011 59,851 176,374 29,541 17,916 23,483 2012 43,768 216,685 26,865 23,719 20,322 2013 28,943 233,398 36,769 21,972 28,798 %change since 2012 -34% 8% 37% -7% 42% %change since 2011 -52% 32% 24% 23% 23% %change since 2010 -31% 29% 48% 45% 51% %change since 2009 -40% 32% 82% 4% 154% %change since 2008 -46% 49% 21% -15% 76% %change since 2007 -29% 76% -9% 1% 6% %change since 2006 -53% 81% 3% -10% 11% %change since 2005 -69% 122% 11% -13% 35% %change since 2004 -66% 156% 0% 3% 14% Table 1: London development pipeline, unit numbers and percentage change 2004-2013 - private and social units combined Developments of 10 units or more
    10. 10. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Year Applications Permissions Under construction Completions Starts 2004 84,533 91,270 36,736 21,423 25,233 2005 92,683 105,182 32,985 25,283 21,403 2006 61,928 128,653 35,842 24,394 26,041 2007 40,830 132,490 40,476 21,722 27,056 2008 53,138 157,052 30,473 25,938 16,345 2009 47,970 176,498 20,255 21,209 11,327 2010 41,659 181,383 24,771 15,195 19,064 2011 59,851 176,374 29,541 17,916 23,483 2012 43,768 216,685 26,865 23,719 20,322 2013 28,943 233,398 36,769 21,972 28,798 %change since 2012 -34% 8% 37% -7% 42% %change since 2011 -52% 32% 24% 23% 23% %change since 2010 -31% 29% 48% 45% 51% %change since 2009 -40% 32% 82% 4% 154% %change since 2008 -46% 49% 21% -15% 76% %change since 2007 -29% 76% -9% 1% 6% %change since 2006 -53% 81% 3% -10% 11% %change since 2005 -69% 122% 11% -13% 35% %change since 2004 -66% 156% 0% 3% 14% Table 1: London development pipeline, unit numbers and percentage change 2004-2013 - private and social units combined Developments of 10 units or more
    11. 11. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 But it doesn’t tell us much….
    12. 12. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 The real story starts to emerge when we look at the Inner and outer borough split of construction starts
    13. 13. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 The situation at the end of 2013…but let’s rewind and go back to see how it came to this INNER BOROUGHS OUTER BOROUGHS *All slides available in the report so you can read them!
    14. 14. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4Post Lehman and this is what a nosedive looks like… INNER BOROUGHS OUTER BOROUGHS
    15. 15. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 both sectors (inner & outer) were hit equally, both at their lowest ebb producing a near identical number of starts, around 3,000 units each. INNER BOROUGHS OUTER BOROUGHS
    16. 16. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 In the capital,as far as construction starts were concerned, the effect of the recession was total. INNER BOROUGHS OUTER BOROUGHS
    17. 17. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4However, whilst the effect of the recession was identical in both sectors on the way down, on the way up things were very different. INNER BOROUGHS OUTER BOROUGHS
    18. 18. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 4 years to recovery? From 2009 to 2013 The funding shift
    19. 19. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 YEAR 1: Funding comes primarily from the public purse notably in the form of the HCA’s Kick–Start programme. Construction starts bounce back both in the inner and outer boroughs. INNER BOROUGHS OUTER BOROUGHS
    20. 20. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 YEAR 2: Construction starts in the outer boroughs are up 53% …starts in the inner boroughs remain almost flat. Partly effect of HCA funding,partly due to owner occupier activity in the outer boroughs INNER BOROUGHS OUTER BOROUGHS
    21. 21. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 But then a step changefrom public funding to….
    22. 22. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE 1 2 3 4 YEAR 3: The effect of the RSL funding cut of 2010 results in a 22% drop in starts in the outer boroughs. PRIVATE FINANCE INNER BOROUGHS OUTER BOROUGHS *All slides available in the report so you can read them!
    23. 23. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE 1 2 3 4 YEAR 3: Converselythe worsening economic situation abroad sees cash rich buyers enter the prime market, starts in inner London increase by 42%. PRIVATE FINANCE INNER BOROUGHS OUTER BOROUGHS
    24. 24. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 YEAR 4: The shock wave created by that cash injection in the prime central locations expands into the outer boroughs…result INNER BOROUGHS OUTER BOROUGHS All slides available in the report so you can read them!
    25. 25. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 The highest number of residential startsin allof the 18 years that London Residential Research has been monitoring the market. INNER BOROUGHS OUTER BOROUGHS
    26. 26. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 Inner boroughs up 24% at 9,014 units outer boroughs 66% to just over 10,000 units. INNER BOROUGHS OUTER BOROUGHS
    27. 27. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 Significant as these boosts in construction activity were, perhaps more significant still is the comparison with preceding years. INNER BOROUGHS OUTER BOROUGHS
    28. 28. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 2,000 4,000 6,000 8,000 10,000 12,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 NO FINANCE PUBLIC FINANCE PRIVATE FINANCE 1 2 3 4 Both in the inner and outer boroughs, starts exceeded their previous peaks (2007 and 2004 respectively) suggesting that construction is running at a rate that is beyond the norm and that we are now sailing into uncharted territory. INNER BOROUGHS OUTER BOROUGHS
    29. 29. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 So is this a collective effect or are some boroughs hotter than others?
    30. 30. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6 Construction startsin all the inner and outer London boroughs from 2008 2013 All slides available in the report so you can read them!
    31. 31. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6 Inner
    32. 32. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6 Outer
    33. 33. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6 ordered by the most productive borough in each sector for 2013
    34. 34. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6 2 spikes one in Tower Hamlets
    35. 35. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6one in Greenwich
    36. 36. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6 Starts in both sectors were fairly similar, an assumption further reinforced by the overall figures for starts in each sector, both around the 10,000 unit mark.
    37. 37. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1000 1500 2000 2500 TowerHamlets Wandsworth Southwark Westminster Lambeth HammersmithandFulham Hackney Islington Camden KensingtonandChelsea CityofLondon Greenwich Barnet Brent Croydon Lewisham Bexley Havering Newham Barking&Dagenham Ealing Bromley Hounslow Hillingdon Kingston Enfield WalthamForest Harrow Haringey Redbridge Sutton Merton Richmond AxisTitle Series1 Series2 Series3 Series4 Series5 Series6 What it doesn’t show us is how productive the boroughs were in comparison with the previous year… the next graph does
    38. 38. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 -600 -400 -200 0 200 400 600 800 1000 1200 Greenwich Brent Westminster Croydon Lambeth Barnet HammersmithandFulham Newham Hounslow Southwark Ealing Wandsworth Bexley Barking&Dagenham Enfield Camden Bromley Hackney Hillingdon Kingston Lewisham Havering Haringey WalthamForest Islington CityofLondon Richmond Redbridge Sutton Merton Harrow KensingtonandChelsea TowerHamlets Looks at change in construction startsfrom end 2012 end 2013 i.e. how much more was started in each borough by the end of 2013 compared to the end of 2012. All slides available in the report so you can read them!
    39. 39. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 -600 -400 -200 0 200 400 600 800 1000 1200 Greenwich Brent Westminster Croydon Lambeth Barnet HammersmithandFulham Newham Hounslow Southwark Ealing Wandsworth Bexley Barking&Dagenham Enfield Camden Bromley Hackney Hillingdon Kingston Lewisham Havering Haringey WalthamForest Islington CityofLondon Richmond Redbridge Sutton Merton Harrow KensingtonandChelsea TowerHamlets Overall the outer boroughs produced 4,302 more units at the end of 2013 than they did at the end of 2012 the inner boroughs produced 1,760 units.
    40. 40. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 -600 -400 -200 0 200 400 600 800 1000 1200 Greenwich Brent Westminster Croydon Lambeth Barnet HammersmithandFulham Newham Hounslow Southwark Ealing Wandsworth Bexley Barking&Dagenham Enfield Camden Bromley Hackney Hillingdon Kingston Lewisham Havering Haringey WalthamForest Islington CityofLondon Richmond Redbridge Sutton Merton Harrow KensingtonandChelsea TowerHamlets And whilst Greenwich and Tower Hamlets may have occupied a similar number of construction starts the change in the number of starts delivered compared with the previous year could not be more different.
    41. 41. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 -600 -400 -200 0 200 400 600 800 1000 1200 Greenwich Brent Westminster Croydon Lambeth Barnet HammersmithandFulham Newham Hounslow Southwark Ealing Wandsworth Bexley Barking&Dagenham Enfield Camden Bromley Hackney Hillingdon Kingston Lewisham Havering Haringey WalthamForest Islington CityofLondon Richmond Redbridge Sutton Merton Harrow KensingtonandChelsea TowerHamlets And whilst Greenwich and Tower Hamlets may have occupied a similar number of construction starts the change in the number of starts delivered compared with the previous year could not be more different.
    42. 42. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 -600 -400 -200 0 200 400 600 800 1000 1200 Greenwich Brent Westminster Croydon Lambeth Barnet HammersmithandFulham Newham Hounslow Southwark Ealing Wandsworth Bexley Barking&Dagenham Enfield Camden Bromley Hackney Hillingdon Kingston Lewisham Havering Haringey WalthamForest Islington CityofLondon Richmond Redbridge Sutton Merton Harrow KensingtonandChelsea TowerHamlets And whilst Greenwich and Tower Hamlets may have occupied a similar number of construction starts the change in the number of starts delivered compared with the previous year could not be more different.
    43. 43. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 -600 -400 -200 0 200 400 600 800 1000 1200 Greenwich Brent Westminster Croydon Lambeth Barnet HammersmithandFulham Newham Hounslow Southwark Ealing Wandsworth Bexley Barking&Dagenham Enfield Camden Bromley Hackney Hillingdon Kingston Lewisham Havering Haringey WalthamForest Islington CityofLondon Richmond Redbridge Sutton Merton Harrow KensingtonandChelsea TowerHamlets Both on a borough and sector level the increasein the number of construction starts has been most pronounced in the outerboroughs, so let’s look at them first.
    44. 44. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 In order to gain some insight into the nature of the surge in construction starts in the outer boroughs we could do a lot worse than look at the biggest…
    45. 45. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Greenwich
    46. 46. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Consider that at the end of 2012 there were only schemes delivering in excess of 100unit starts in the borough, at the end of 2013 that had more than doubled to
    47. 47. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Among the top 10 developments, in terms of construction starts, in the borough there are large phased developments such as…
    48. 48. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Greenwich construction starts - up by 120% •Kidbrooke, SE3 – Berkeley Homes •Royal Arsenal, SE18 – Berkeley Homes
    49. 49. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 This is a feature of all the top delivering boroughs…
    50. 50. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Top delivering boroughs – Brent, Croydon Pulse developments, NW9 – Fairview Beaufort Park, NW9 – St George Saffron Square, CR0 – Berkeley Homes New South Quarter, CR0 – Barratt
    51. 51. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 although welcome one could argue that these starts would have taken place anyway. The real sign of recovery, just as it was in the case of the inner boroughs last year…
    52. 52. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 are construction starts on long fallow sites
    53. 53. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Long fallow sites 243 Ealing Road, HA0 – Hill Residential / Network Stadium Housing Association The Northern Quarter, NW9 – Kitewood Estates / Royal London Asset Management Church End Estate, NW10 – Catalyst Housing Group All in Brent
    54. 54. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 These sites had the potential to start at any point in (at least) the last 5 years the fact that they didn’t then and are now speaks volumes…
    55. 55. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 In Greenwich, however, we are not looking at a number of dislocated sites. In Greenwichthe game changer is xxxxxxxmega site
    56. 56. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 it’s large it’s central it’s riverside
    57. 57. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Any suggestions?
    58. 58. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 until 20xx that is. Visual clue…?
    59. 59. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Greenwich Peninsula
    60. 60. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 It has had the potential to deliver well over 10,000 units …so far only a fraction of those units have been built
    61. 61. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 and that potential has been there for a long time. So long fallowindeed then
    62. 62. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 until 2013 that is.
    63. 63. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Henry Cheng’s Knight Dragon in bought the entire site from Quintain and at the end of 2013 works had started on some 500 units.
    64. 64. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 These starts, however, are only a very early indicator of what is to come, only a fraction of what this mega-site could supply
    65. 65. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Spread of the towers
    66. 66. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 We stated in last year’s LOREMA report that investor activity, was radiating outwards from the central prime core to the fringes of the prime in the inner boroughs. This was manifesting itself in the built environment with the appearance of residential towersprimarily in riverside locations.
    67. 67. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 We further speculated that if investor demand persisted then the shock-wave could push out beyond the prime fringe and into traditional owner-occupier territory. If our assumptions were correct we would expect to see precisely the same kind of prestige developments either starting or being planned in the outer boroughs in 2013 as we did in the inner boroughs a year before.
    68. 68. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 We further speculated that if investor demand persisted then the shock-wave could push out beyond the prime fringe and into traditional owner-occupier territory. If our assumptions were correct we would expect to see precisely the same kind of prestige developments either starting or being planned in the outer boroughs in 2013 as we did in the inner boroughs a year before.
    69. 69. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 We further speculated that if investor demand persisted then the shock-wave could push out beyond the prime fringe and into traditional owner-occupier territory. If our assumptions were correct we would expect to see precisely the same kind of prestige developments either starting or being planned in the outer boroughs in 2013 as we did in the inner boroughs a year before.
    70. 70. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 We further speculated that if investor demand persisted then the shock-wave could push out beyond the prime fringe and into traditional owner-occupier territory. If our assumptions were correct we would expect to see precisely the same kind of prestige developments either starting or being planned in the outer boroughs in 2013 as we did in the inner boroughs a year before.
    71. 71. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 High, Prime & Riverside…
    72. 72. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 We don’t have to go very far…
    73. 73. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 until 20xx that is.
    74. 74. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 until 20xx that is. Peninsula Quays Knight Dragon gained consent for 1,683 units there in June 2013 all of which are to be for private sale. 8 buildings up to 24 storeys.
    75. 75. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 until 20xx that is. Peninsula Quays Knight Dragon gained consent for 1,683 units there in June 2013 all of which are to be for private sale. 8 buildings up to 24 storeys.
    76. 76. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 until 20xx that is. Peninsula Quays Knight Dragon gained consent for 1,683 units there in June 2013 all of which are to be for private sale. 8 buildings up to 24 storeys.
    77. 77. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 until 20xx that is. Peninsula Quays Knight Dragon gained consent for 1,683 units there in June 2013 all of which are to be for private sale. 8 buildings up to 24 storeys.
    78. 78. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 • Height up to 24 storeys • All for private sale • Fronting the Thames
    79. 79. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 •High •Prime •Riverside
    80. 80. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 One could argue that this is an isolated case, that we are merely cherry picking. However, even if that was the case the question still remains why develop now after over a decade of near non activity and why develop high, prime and riverside.
    81. 81. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Why the fixation with towers? Easy to spot And if they’re by the river they’re going to be prime But let’s not get fixated by towers…not just yet …
    82. 82. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 …because we have a database…of over 20,000 schemes….dating back to 1996…so we can see the unseen, the less obvious which is sometimes a better indicator of what is to come.
    83. 83. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 So let’s go back to the beginning of this bubble, this boom…let’s go
    84. 84. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Back to the core
    85. 85. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 In this year’s report we note that we are now witnessing increased development on the fringes of the fringe primeas prime stock targeted at the foreign investor moves ever outwards and into the outer boroughs.
    86. 86. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Embedded within that assumption is that available sites in the inner boroughs are becoming ever scarcer
    87. 87. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 So is supply becoming exhaustedin the inner boroughs? Let’s look at one of the prime boroughs…
    88. 88. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Westminsterdelivered more construction starts at the end of 2013 than it did in all the years since 2009 combined, it was on a par with the historic big deliverers such as Southwarkboth in scheme numbers and units.
    89. 89. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 It would not be unreasonable to assume that the second wave of development would be on the periphery of the first. However, this was not the case.
    90. 90. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 What we witnessed in 2013 was a second wave of construction starts (red dots) largely within the same geographical area. PERMISSIONS STARTS APPLICATIONS *explain All slides available in the report so you can read them!
    91. 91. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 And a 3rd wave of future construction starts (blue dots) will come from a 84 scheme, 4,000 unit strong permission pipeline (the largest for well over a decade), it too predominantly within the same central area. PERMISSIONS STARTS APPLICATIONS All slides available in the report so you can read them!
    92. 92. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Consider also that 76%of all the consents in the pipeline were granted between 2012 and 2013 PERMISSIONS STARTS APPLICATIONS All slides available in the report so you can read them!
    93. 93. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts This is not a historic pipeline accumulated over the years, this is current and a clear statement of intent. PERMISSIONS STARTS APPLICATIONS
    94. 94. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts To build and to build again. The second wave of 2013 will not be the last.PERMISSIONS STARTS APPLICATIONS
    95. 95. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 However…let’s compare Westminsterwith that other prime borough, K&C
    96. 96. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Westminster pipeline 2004-2013 All slides available in the report so you can read them!
    97. 97. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    98. 98. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    99. 99. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    100. 100. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    101. 101. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    102. 102. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    103. 103. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    104. 104. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Up Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 PERMISSIONS STARTSAPPLICATIONS
    105. 105. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Up Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 Starts, permissions and apps all… PERMISSIONS STARTSAPPLICATIONS
    106. 106. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Up Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 Starts, permissions and apps all… Down PERMISSIONS STARTSAPPLICATIONS
    107. 107. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Up Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 Starts, permissions and apps all… Down Down PERMISSIONS STARTSAPPLICATIONS
    108. 108. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Up Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 Starts, permissions and apps all… Down Down Down PERMISSIONS STARTSAPPLICATIONS
    109. 109. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 0 500 1,000 1,500 2,000 2,500 3,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Applications Permissions Starts Starts, permissions and apps all… Up Up Up Westminster pipeline 2004-2013 K&C pipeline 2004-2013 Starts, permissions and apps all… Down Down Down And that final down the application pipeline is down by 57% to a mere 66 units from 5 schemes (the lowest for over a decade), all submitted in 2013 PERMISSIONS STARTSAPPLICATIONS
    110. 110. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Perhaps more tellingly still is that this development pipeline comes a year after the borough experienced it’s highest number of construction starts for as long as we have been monitoring it.
    111. 111. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 So perhaps in the prime core supply is becoming constrained…but away on the fringes of the prime…THE PIPELINE IS BEING EVER MORE PUNCTUATED by TOWERS
    112. 112. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Our definition OVER 10 STOREYS
    113. 113. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 OVER 10 STOREYS
    114. 114. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 OVER 20 STOREYS
    115. 115. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 we see clusters forming OVER 30 STOREYS
    116. 116. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    117. 117. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    118. 118. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 and the common denominator…
    119. 119. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    120. 120. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Just as we saw last year we’re getting clusters of towers along the river And just as we’ve seen in the case of Westminster we’re getting further intensification within the same geographical areas More in Docklands More in Blackfriars More in VNEBOA
    121. 121. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 More in Docklands More in Blackfriars More in VNEBOA
    122. 122. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Nigel Evans - team leader Sales
    123. 123. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Sales Year Units completed or under construction (% change) Sold by year end (% change) Unsold by year end (% change) Sold during the year (% change) 2010 22,995 (-5%) 7,480 (-1%) 15,515 (-7%) 4,259 (12%) 2011 27,203 (18%) 8,581 (15%) 18,622 (20%) 6,315 (48%) 2012 31,676 (16%) 12,408 (45%) 19,268 (3%) 8,874 (41%) 2013 40,148 (27%) 18,361 (48%) 21,787 (13%) 12,738 (44%)
    124. 124. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Sales Year Units completed or under construction (% change) Sold by year end (% change) Unsold by year end (% change) Sold during the year (% change) 2010 22,995 (-5%) 7,480 (-1%) 15,515 (-7%) 4,259 (12%) 2011 27,203 (18%) 8,581 (15%) 18,622 (20%) 6,315 (48%) 2012 31,676 (16%) 12,408 (45%) 19,268 (3%) 8,874 (41%) 2013 40,148 (27%) 18,361 (48%) 21,787 (13%) 12,738 (44%)
    125. 125. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Sales Year Units completed or under construction (% change) Sold by year end (% change) Unsold by year end (% change) Sold during the year (% change) 2010 22,995 (-5%) 7,480 (-1%) 15,515 (-7%) 4,259 (12%) 2011 27,203 (18%) 8,581 (15%) 18,622 (20%) 6,315 (48%) 2012 31,676 (16%) 12,408 (45%) 19,268 (3%) 8,874 (41%) 2013 40,148 (27%) 18,361 (48%) 21,787 (13%) 12,738 (44%) increase
    126. 126. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 For the whole of the capital the number of sales in 2013 was 12,738 units, a 44% increase on the previous year and the highest it has been post-Lehman.
    127. 127. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 the highest it has been post- Lehman.
    128. 128. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Inner and outer split
    129. 129. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Consider these opening salvos from the past three years in sales section: • 2011 - The inner boroughs saw a modest 20% increase in the number of sales but in the outer boroughs sales shot up by 76%. • 2012 - The outer boroughs saw a modest 19% increase in the number of sales but in the inner boroughs sales shot up by 71% • 2013 - Both inner and outer boroughs saw near identical number of sales in 2013, up by 46% and 41% respectively. Equilibrium
    130. 130. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Just as the inner and outer boroughs reached parityas far as construction starts were concerned at the end of 2013 so too did the number of units sold in each sector during 2013.
    131. 131. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 But what of the buyer profile has that remained the same? In the outer boroughs there has been little change in the buyer profile a slight drop of 3% in investor activity coupled with a corresponding increase in owner occupier activity. The real change, as in the previous year, has been in the inner boroughs with a 7% increase in investor activity coupled with a corresponding drop in owner occupier activity Investor Owner- occupier Investor Owner-occupier Units sold % Units sold % Units sold % Units sold % Inner completions total 1472 44 1856 56 Outer completions total 941 24 2956 76 Inner under construction 1431 48 1572 52 Outer under construction 767 28 1931 72 Inner total 2013 2903 46 3428 54 Outer total 2013 1708 26 4887 74 Inner total 2012 1750 39 2759 61 Outer total 2012 998 23 3428 77
    132. 132. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 And in the super prime market and increase of almost 10% in the number of units sold. And interestingly within those active schemes we encountered bulk sales in a number of schemes whereas in the previous year we recorded precisely none
    133. 133. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 And we also noted an increase in flipping…yes it’s back… This from Garton Jones at Nine Elms
    134. 134. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Ballymore has attracted foreign and UK based investors alike and those that have made the decision to sell their apartments before completion have seen fantastic returns on their initial deposits. On average the returns from the re-sales completed by Garton Jones have been 133% with the highest return for one client being …
    135. 135. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 OVER 300%
    136. 136. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 And just like last year if it’s prime it sells and it will sell in bulk.
    137. 137. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Nigel Evans - team leader Pricing
    138. 138. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Usually in every LOREMA report we have done (18 including this one) there is one graph or table that encapsulates the whole situation, every year it’s a different one, this year it’s Table 10, and not even all of Table 10, just the £/sq ft changes. Average price (£/sq ft) Average price (£’000) Average size (sq ft) 2012 2013 % change 2012 2013 % change 2012 2013 % change Inner London 838 1,043 24.4% 687 921 34.0% 820 883 7.6% Prime London 1,696 1,987 17.1% 1,823 2,445 34.1% 1,075 1,230 14.4% Outer London 435 481 10.5% 337 391 16.0% 776 813 4.7% All London 628 767 22.1% 500 650 30.0% 796 847 6.4% Table 10: key averages (1,2 & 3 beds combined with both latest price & size only) Developments of 10 units or more
    139. 139. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Usually in every LOREMA report we have done (18 including this one) there is one graph or table that encapsulates the whole situation, every year it’s a different one, this year it’s Table 10, and not even all of Table 10, just the £/sq ft changes. Table 10: key averages (1,2 & 3 beds combined with both latest price & size only) Developments of 10 units or more Average price (£/sq ft) Average price (£’000) Average size (sq ft) 2012 2013 % change 2012 2013 % change 2012 2013 % change Prime London 1,696 1,987 17.1% 1,823 2,445 34.1% 1,075 1,230 14.4% Inner London 838 1,043 24.4% 687 921 34.0% 820 883 7.6% Outer London 435 481 10.5% 337 391 16.0% 776 813 4.7%
    140. 140. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 % increase in £psf values greatest in inner London and although up in the prime it’s up less. 0% 5% 10% 15% 20% 25% 30% Prime Inner Outer 17% 24% 10%
    141. 141. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Consider also that the average £psf value in inner London at the end of 2013 was ….
    142. 142. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 over £1,000…
    143. 143. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 over £1,000…
    144. 144. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 over £1,000…
    145. 145. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 over £1,000…
    146. 146. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 For the first time…
    147. 147. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 ever
    148. 148. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 We think that this may point to a cooling off of the price increases in the super prime, but the shockwave started there a few years ago seems to have a life of it’s own – increasing prices at the greatest rate on it’s edges
    149. 149. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Not getting more expensive but prices are accelerating at a greater rate
    150. 150. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    151. 151. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    152. 152. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    153. 153. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 £/sq ft up by 22%
    154. 154. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Cap Valup by 30% More details on this map in the report
    155. 155. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 And interestingly the “dead zone” we spoke of last year. An area not cheap enough to appeal to the owner occupier but not prime enough for the investor is beginning to disappear. As the ripple moves outwards
    156. 156. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    157. 157. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Nigel Evans - team leader Conclusion
    158. 158. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 The spread of development activity that we predicted in last year’s LOREMA report has indeed materialisedwith record starts in the outer boroughs many on long fallow sites…
    159. 159. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 the very pattern we saw in the inner boroughs a year previously.
    160. 160. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Coupledwith the number of schemeswe saw starting was the rateat which they were being built. We have visited many large developments over the years but even for us this rate of construction seems exceptional. Take the train from Waterloo to Wandsworth, and you’ll see what we mean …the journey’s about the same duration as this presentation but you’ll have to buy your own croissant
    161. 161. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    162. 162. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    163. 163. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    164. 164. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    165. 165. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    166. 166. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    167. 167. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    168. 168. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    169. 169. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    170. 170. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    171. 171. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    172. 172. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    173. 173. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    174. 174. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    175. 175. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    176. 176. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Priceshave followed a similar pattern to construction startswith the rates of increase in £psf values greater now in inner London than the core as the rippleof investor influence spreads ever outwards.
    177. 177. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 The increase incidence of bulk purchasing we have witnessed in 2013 in the inner boroughs may well point to the increased involvement of a different kind of investor on the market. No longer the exclusive domain of the cash-rich individual the market now seems more fragmentedmore driven by speculators than those looking for a safe haven.
    178. 178. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 And the lower percentage rate increase in the £psf valuesin the super prime may hint that the market is nearing it’s peak.
    179. 179. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 And the lower percentage rate increase in the £psf valuesin the super prime may hint that the market is nearing it’s peak.
    180. 180. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    181. 181. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 But still the heat JUST gets turned up, again and again…
    182. 182. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Marketing departments have jettisoned the brochurefor an Excel spread sheet, such is the demand..
    183. 183. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 Earl’s Court has been bought forward due to exceptional sales.
    184. 184. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 The Shell Building while at judicial review but the developers are confident enough to stick a applicationin for a marketing suite.
    185. 185. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 This has all the hallmarks of a bubble.
    186. 186. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 A market underpinnedby the potentially volatile and unpredictablegrowth driver of foreign investment is one which could burst very quickly.
    187. 187. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 One based on increasing levels of speculation could go down even quicker...
    188. 188. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 LONDON RESIDENTIAL MARKET ANALASYS NIGEL EVANS HEAD OF LONDON RESIDENTIAL RESEARCH
    189. 189. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    190. 190. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    191. 191. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    192. 192. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    193. 193. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014
    194. 194. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 LONDON RESIDENTIAL MARKET ANALASYS 2014
    195. 195. Download the full EGi London Residential Market Analysis for FREE: http://www.estatesgazette.com/london-residential-market-analysis Copyright EGi 2014 LONDON RESIDENTIAL RESEARCH Free trial WWW.ESTATESGAZETTE.COM/LONDON-RESIDENTIAL

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