Successfully reported this slideshow.

London Residential Market Analysis - Breakfast Briefing - EGi

1,637 views

Published on

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:

> Inner/outer borough split
> Inner prime starts
> The rise of the tall clusters
> Sales
> Pricing
> Affordability

Copy and paste this link into your browser to download the full report for free, visit http://www.estatesgazette.com/egi-about/london-residential/market-analysis-2013/?cmpid=SOC|EGIx|EGLSU-2013-1505-lorma|slidesharer&sfid=70120000000eA2B

  • Be the first to comment

  • Be the first to like this

London Residential Market Analysis - Breakfast Briefing - EGi

  1. 1. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans – Head of London Residential ResearchDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  2. 2. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisAbout this presentation• Produced by the EGi London Residential Research team, analysing 15years of researched data• The presentation looks at:• Inner/outer borough split• Inner prime starts• The rise of the tall clusters• Sales• Pricing• Affordability• The full EGi London Residential Market Analysis can be downloaded forfree, visit http://www.estatesgazette.com/london-residential-market-analysis
  3. 3. 130 site visits perweekxInner/outer boroughsplit
  4. 4. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis01,0002,0003,0004,0005,0006,0007,0008,0009,00010,0002004 2005 2006 2007 2008 2009 2010 2011 201202,0004,0006,0008,00010,00012,0002004 2005 2006 2007 2008 2009 2010 2011 2012OuterLondon construction starts 2004-2011 private unitsInnerLondon construction starts 2004-2011 private unitsEnd 2011:Starts:Inner borough up7%.Starts:Outerup53%
  5. 5. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis01,0002,0003,0004,0005,0006,0007,0008,0009,00010,0002004 2005 2006 2007 2008 2009 2010 2011 201202,0004,0006,0008,00010,00012,0002004 2005 2006 2007 2008 2009 2010 2011 2012Outer London construction starts 2004-2012 private unitsInner London construction starts 2004-2012 private unitsEnd 2012Starts:Inner up42%Outerdown21%
  6. 6. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThe reversal of fortune due to•scarcity of mortgage availability•abundance of foreign equityDuring 2011 equity was chasing super-prime existingstock.It seems now that that stock is slowly being exhaustedand to cater for the continuing demand developers arebuilding again and they are buildingprime.
  7. 7. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans - team leaderInner Primestarts 2012A closer lookDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  8. 8. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisCity construction startsStarts up by 131%•10 Trinity Square, EC3 –KOPRumoured that some of thesales have been to buyerswho already ownapartments in One HydePark.•Roman House, WoodStreet, EC2 – BerkeleyAt least 50% investorsales
  9. 9. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisKensington & Chelsea construction startsStarts up by 186%•The Power House, 73-79Alpha Place, SW3 – AlphaDevelopmentsNo pricing as yetComparable: Henry MooreCourt - Average £psf£3,191•The Parabola - ChelsfieldComparable: 375Kensington High Street -Average £psf£1,810
  10. 10. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisWestminster construction startsStarts up by 12%•Fitzroy Place, (MiddlesexHosp.), W1 -Kaupthing, Aviva andExemplarStrong investor interestCBRE and Savills aretargeting investors inTurkey and Nigeria tobuy the remaining flats
  11. 11. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisstartsin inner Londonincreased almost across the boardNot just in the big 3boroughs of City, Westminster and K&C
  12. 12. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisSouthwark construction starts2011 :2 starts in SE134 units2012:14 starts522units.1,435%increase
  13. 13. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisTower Hamlets construction startsBallymore’s NewProvidence Towerall the hallmarks of2012 starts:long fallow,oven-readyfinancialrestructuring.44 storeyssignificant additionto the Docklandsskyline
  14. 14. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisBut, it’s not the tower itself which isimportant, rather it is what itheralds
  15. 15. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisA glimpse of the future
  16. 16. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans - team leaderFuture supplyRise of theTall clustersDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  17. 17. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisQuestion:Will the record number of construction startssatisfy the demand for prime stock in the capital?
  18. 18. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisAnswer:A look at the prime nature of the developmentpipeline would suggestthatdevelopers think not.
  19. 19. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisWhat is prime?Prestige, exclusivity,scarcityHow does that manifest itself in these fringelocations?
  20. 20. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisTallClose to the core as possibleRiverside
  21. 21. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisPrime residential clusters in inner London 2012Prime residential clustersare forming in the pipeline at:•Docklands•Surrey Quays•North City fringe•East City fringe•Blackfriars•Vauxhall
  22. 22. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisOne could argue that applications andpermissionshave merely accumulated over timeand do not constitute aconscious drive by developersto build.
  23. 23. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisPrime residential clusters in inner London 2012½applications andpermissions herewere submittedor granted in2012
  24. 24. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThis has had a dramaticeffect on the overall innerLondon pipeline.A look at table 2 of thereport shows...Year Applications PermissionsUnderconstructionCompletions StartsPrivate Social Private Social Private Social Private Social Private Social2004 17,033 9,731 19,841 12,721 10,911 6,432 5,303 3,711 5,385 4,2742005 19,487 14,184 20,669 13,572 9,148 6,269 6,901 4,007 5,390 3,6092006 11,920 7,281 27,161 15,990 9,345 7,090 6,308 4,387 6,836 4,6202007 11,927 7,205 27,063 16,519 13,415 7,919 4,662 3,879 8,736 4,9182008 8,943 5,140 35,033 20,226 10,704 6,163 7,690 4,465 4,962 2,9522009 12,281 7,934 37,818 20,751 6,512 3,439 7,004 4,903 2,760 2,2402010 11,352 5,995 38,806 21,367 6,584 4,279 4,655 2,822 4,792 3,4082011 21,609 9,305 43,498 18,915 7,585 5,161 4,182 2,753 5,111 4,1602012 15,669 5,015 57,727 22,680 9,854 4,137 5,022 4,792 7,268 3,563%change since 2011 -27% -46% 33% 20% 30% -20% 20% 74% 42% -14%%change since 2010 38% -16% 49% 6% 50% -3% 8% 70% 52% 5%%change since 2009 28% -37% 53% 9% 51% 20% -28% -2% 163% 59%%change since 2008 75% -2% 65% 12% -8% -33% -35% 7% 46% 21%%change since 2007 31% -30% 113% 37% -27% -48% 8% 24% -17% -28%%change since 2006 31% -31% 113% 42% 5% -42% -20% 9% 6% -23%%change since 2005 17% -21% 96% 14% 37% 11% -29% -3% 84% 37%%change since 2004 -8% -48% 191% 78% -10% -36% -5% 29% 35% -17%Outer BoroughsYear Applications Permissions Under construction Completions StartsPrivate Social Private Social Private Social Private Social Private Social2004 38,256 19,513 36,734 21,974 12,124 7,269 7,878 4,531 10,309 5,2652005 38,229 20,783 45,260 25,681 9,890 7,678 9,158 5,217 6,803 5,6012006 27,447 15,280 55,945 29,557 10,701 8,706 7,793 5,906 7,797 6,7882007 14,577 7,121 57,830 31,078 11,418 7,724 8,029 5,152 8,505 4,8972008 26,331 12,724 67,213 34,580 7,857 5,749 8,405 5,378 4,859 3,5722009 17,457 10,298 78,068 39,861 6,116 4,188 4,953 4,349 3,103 3,2242010 16,246 8,066 80,101 41,109 7,471 6,437 4,285 3,433 5,445 5,4192011 21,380 8,490 80,978 34,600 10,009 6,786 5,714 5,267 8,336 5,8762012 14,737 8,347 95,438 40,840 8,780 4,094 7,970 5,935 6,515 2,976%change since 2011 -31% -2% 18% 18% -12% -40% 39% 13% -22% -49%%change since 2010 -9% 3% 19% -1% 18% -36% 86% 73% 20% -45%%change since 2009 -16% -19% 22% 2% 44% -2% 61% 36% 110% -8%%change since 2008 -44% -34% 42% 18% 12% -29% -5% 10% 34% -17%%change since 2007 1% 17% 65% 31% -23% -47% -1% 15% -23% -39%%change since 2006 -46% -45% 71% 38% -18% -53% 2% 0% -16% -56%%change since 2005 -61% -60% 111% 59% -11% -47% -13% 14% -4% -4%%change since 2004 -61% -57% 160% 86% -28% -44% 1% 31% -37% -43%
  25. 25. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisa 33% increase in thenumber of permissions in2012 in the inner boroughs.Compare that with the 12%and 3% rises in the twopreceding years.Year Applications PermissionsUnderconstructionCompletions StartsPrivate Social Private Social Private Social Private Social Private Social2004 17,033 9,731 19,841 12,721 10,911 6,432 5,303 3,711 5,385 4,2742005 19,487 14,184 20,669 13,572 9,148 6,269 6,901 4,007 5,390 3,6092006 11,920 7,281 27,161 15,990 9,345 7,090 6,308 4,387 6,836 4,6202007 11,927 7,205 27,063 16,519 13,415 7,919 4,662 3,879 8,736 4,9182008 8,943 5,140 35,033 20,226 10,704 6,163 7,690 4,465 4,962 2,9522009 12,281 7,934 37,818 20,751 6,512 3,439 7,004 4,903 2,760 2,2402010 11,352 5,995 38,806 21,367 6,584 4,279 4,655 2,822 4,792 3,4082011 21,609 9,305 43,498 18,915 7,585 5,161 4,182 2,753 5,111 4,1602012 15,669 5,015 57,727 22,680 9,854 4,137 5,022 4,792 7,268 3,563%change since 2011 -27% -46% 33% 20% 30% -20% 20% 74% 42% -14%%change since 2010 38% -16% 49% 6% 50% -3% 8% 70% 52% 5%%change since 2009 28% -37% 53% 9% 51% 20% -28% -2% 163% 59%%change since 2008 75% -2% 65% 12% -8% -33% -35% 7% 46% 21%%change since 2007 31% -30% 113% 37% -27% -48% 8% 24% -17% -28%%change since 2006 31% -31% 113% 42% 5% -42% -20% 9% 6% -23%%change since 2005 17% -21% 96% 14% 37% 11% -29% -3% 84% 37%%change since 2004 -8% -48% 191% 78% -10% -36% -5% 29% 35% -17%Outer BoroughsYear Applications Permissions Under construction Completions StartsPrivate Social Private Social Private Social Private Social Private Social2004 38,256 19,513 36,734 21,974 12,124 7,269 7,878 4,531 10,309 5,2652005 38,229 20,783 45,260 25,681 9,890 7,678 9,158 5,217 6,803 5,6012006 27,447 15,280 55,945 29,557 10,701 8,706 7,793 5,906 7,797 6,7882007 14,577 7,121 57,830 31,078 11,418 7,724 8,029 5,152 8,505 4,8972008 26,331 12,724 67,213 34,580 7,857 5,749 8,405 5,378 4,859 3,5722009 17,457 10,298 78,068 39,861 6,116 4,188 4,953 4,349 3,103 3,2242010 16,246 8,066 80,101 41,109 7,471 6,437 4,285 3,433 5,445 5,4192011 21,380 8,490 80,978 34,600 10,009 6,786 5,714 5,267 8,336 5,8762012 14,737 8,347 95,438 40,840 8,780 4,094 7,970 5,935 6,515 2,976%change since 2011 -31% -2% 18% 18% -12% -40% 39% 13% -22% -49%%change since 2010 -9% 3% 19% -1% 18% -36% 86% 73% 20% -45%%change since 2009 -16% -19% 22% 2% 44% -2% 61% 36% 110% -8%%change since 2008 -44% -34% 42% 18% 12% -29% -5% 10% 34% -17%%change since 2007 1% 17% 65% 31% -23% -47% -1% 15% -23% -39%%change since 2006 -46% -45% 71% 38% -18% -53% 2% 0% -16% -56%%change since 2005 -61% -60% 111% 59% -11% -47% -13% 14% -4% -4%%change since 2004 -61% -57% 160% 86% -28% -44% 1% 31% -37% -43%
  26. 26. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisPipeline figures on Table 2 do not give us the fullstory.They do not indicate when the permissionsweregrantedmerelywhat remains in the pipeline.
  27. 27. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisTo find out the amount of activity in theplanning pipeline we must look at the rate atwhich planning permissions were granted in anygiven year.The following figures do exactly that
  28. 28. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisFor the first time (since we can remember) the greatest number ofpermissions granted (measured as both the number of schemesand the number of unitswithin a given year) occurred in the innerboroughs.050001000015000200002500030000350002004 2005 2006 2007 2008 2009 2010 2011 2012PPG rate inner PPG rate outer0501001502002503003502004 2005 2006 2007 2008 2009 2010 2011 2012PPG rate inner PPG rate outerPermission rate – Schemes Permission rate – Units
  29. 29. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisIn our opinion this represents a clearstatement of intentby developers and that intentionis to build.
  30. 30. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans - team leaderSalesDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  31. 31. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisUnitscompleted orunderconstructionSold by year end Unsold by year end Soldduring theyear200924,312(-30%)7,603(-34%)16,709(-27%)3,787(-16%)201022,995(-5%)7,480(-1%)15,515(-7%)4,259(12%)201127,203(18%)8,581(15%)18,622(20%)6,315(48%)201231,626(16%)12,408(45%)19,268(3%)8,874(41%)Split of units sold V units un-sold for all London units in construction pipeline2009-20128,874 units weresold(In schemes under constructionor completed) in 201241% upon theprevious yearThe highest it has beenpost-Lehman.
  32. 32. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisBut as we saw with construction starts this overviewmasks the real picture. To see what’sreally going on we have to look at theinner and outer boroughsseparately
  33. 33. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisSpot the difference
  34. 34. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisIn last year’s report we wrote this regarding sales:2011:The inner boroughs saw a modest 20% increase in thenumber of sales but in the outer boroughs sales shot upby 76%.2012:The outer boroughs saw a modest 19% increase in thenumber of sales but in the inner boroughs sales shot upby 71%
  35. 35. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisIn last year’s report we wrote this regarding sales:2011:The outer boroughs sales shot up by 76%.2012:The outer boroughs saw a modest 19% increase in thenumber of sales
  36. 36. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisIn last year’s report we wrote this regarding sales:2011:The inner boroughs saw a modest 20% increase2012:The inner boroughs sales shot up by 71%
  37. 37. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisSo who was doing thebuying?
  38. 38. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisouterboroughs - little change in the buyerprofile a slight drop of 4% in investor activitycoupled with a corresponding increase in owneroccupier activity.Investor Owner-occupier InvestorOwner-occupierUnits sold %Unitssold %Unitssold %Unitssold %Inner completiontotal 651 33% 1350 67%Outercompletion total 691 21% 2541 79%Inner underconstruction total 1099 44% 1409 56%Outer underconstructiontotal 307 26% 887 74%Inner total 2012 1750 39% 2759 61% Outer total 2012 998 23% 3428 77%Inner total 2011 600 28% 1560 72% Outer total 2011 749 27% 2010 73%
  39. 39. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThe real change has been in the innerboroughs with an 11%increase ininvestor activity coupled with a correspondingdropin owner occupier activity.Investor Owner-occupier InvestorOwner-occupierUnits sold %Unitssold %Unitssold %Unitssold %Inner completiontotal 651 33% 1350 67%Outercompletion total 691 21% 2541 79%Inner underconstruction total 1099 44% 1409 56%Outer underconstructiontotal 307 26% 887 74%Inner total 2012 1750 39% 2759 61% Outer total 2012 998 23% 3428 77%Inner total 2011 600 28% 1560 72% Outer total 2011 749 27% 2010 73%
  40. 40. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisIn the inner boroughs howeverinvestor activityIncreased not only in theprimeinner boroughs.
  41. 41. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisPrime Fringe salesBarratt/Circle Anglia’s StAndrews development inBow. 70% investorsales in the towerelement.Ballymore’s 21 WappingLane the towerelement (The Tower)50% investorsales 30% investor salesin the low riseelements.
  42. 42. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisPrime Fringe salesSt James’ RiverlightLaunched in 2012,“everythingthat wasoffered to themarket sold”atleast 50%tointernationalinvestors
  43. 43. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisPrime Fringe sales - VNEBOAThe power station -chief executive of SPSetia said this of the offplan sales in Malaysia:“We had nobrochures, all wehad was a pricelist and peoplewere queuing topay deposits.”
  44. 44. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisstrong investor activity on thefringesBut what of the super-primeitself?
  45. 45. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisWestminster, City, Kensington & Chelsea64% of the units offered to the market sold.Compare that to 40% for the whole of the inner sector.If it’s primeit will sell
  46. 46. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans - team leaderPricingDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  47. 47. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisDichotomyinner and outerEquity Debt
  48. 48. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisMortgage availability limitedSales outer limited to less expensive and in generalfurthest away (from the centre) boroughsSales inner concentrated around centreprime.
  49. 49. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisIn between “dead zone” as far as salesareconcernednot far out enough to be affordable by owner occupierstandards butnot close enough to the centre to beprime
  50. 50. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis£psf values across the capital in schemes that are currently selling (March 2013)
  51. 51. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisBut, when there aresales...
  52. 52. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisPrices both£psf and capital values have increasedacross the board01002003004005006007002000200120022003200420052006200720082009201020112012Initial average price per sq ft across allLondon 2000-20121 bed 2 bed01000002000003000004000005000006000002000200120022003200420052006200720082009201020112012Initial average capital value across allLondon 2000-20121 bed 2 bed
  53. 53. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis£psf and capital increased to a greaterextent in prime centralthan any other geographical area.Average price (£/sq ft) Average price (£’000) Average size (sq ft)2012 2011 % change 2012 2011 % change 2012 2011 % changeInner London 838 763 9.8% 687 615 11.7% 820 806 1.7%Prime London 1,696 1,519 11.6% 1,823 1,536 18.6% 1,075 1,012 6.2%Outer London 435 422 3.0% 337 302 11.5% 776 717 8.2%All London 628 594 5.7% 500 451 10.8% 796 759 4.8%Key averages (1,2 & 3 beds combined with both latest price & size only)
  54. 54. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans - team leaderAffordabilityDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  55. 55. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisOwner occupiers.The feasibility of acquiring a property in thecapital for the average Londoner.
  56. 56. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisSome maths:•£300k flat deposit = £60k•The ONS states a median gross income of just over£34k per annum for London•£2,000 take home pay per month•A “back of a beer mat” calculation = 10 years to saveup the deposit.
  57. 57. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisSo are there any homes in the capital that aretruly affordable with required deposits of sayhalf of this example which would take only 5 yearsto raise, a much more feasible timescale?
  58. 58. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisYes
  59. 59. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisSub £200k units within developments currently selling (March 2013) –(red markers=units below £150k)
  60. 60. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  61. 61. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisAffordability – an honourable mentionBellway’s City EastBarkingRiverside, goodquality, imaginative stock at trulyaffordableprices.Are they selling?£135k to£290k all butsold out with only 5%going to investors.
  62. 62. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans - team leaderConclusionDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  63. 63. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisRecovery in the inner boroughs?•Starts up 42%•Sales up 71%•Permission rates up 192%Market robust on the surface but alook behind the headline figures reveals thatit is anything but.
  64. 64. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThe increases we witnessed in 2012 wereexceptional, we have not seen the like in all the 15 yearsthat we have been monitoring the marketIn an inherently conservative market suchfluctuations are a genuine cause forconcern.
  65. 65. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThis is a market increasingly being driven byforeign investment, predominantly as ameans of wealth protection rather thanwealth generation.
  66. 66. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisA market underpinned by the potentially volatile andunpredictable growth driver of foreign investmentis one which could burst very quickly.The current boom in the residential market is largelyLondon centric, based on the perception of thecapital as a safe haven for foreign equity.The question we have to ask is, what happens ifit ceases to be?In our opinion...
  67. 67. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThis has all the hallmarks of a bubble
  68. 68. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisNigel Evans - team leaderThe London ResidentialMarket AnalysisDownload the full report for free: www.estatesgazette.com/london-residential-market-analysis
  69. 69. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisLRRalways strives to look at the trendsbehind the data but now for the first time wecan visualise and interact with that data.
  70. 70. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThroughout the report you will see thefollowing icons andgraphsclick and that’s the end of the journey.maps link in to their specific record onthe LRR database.
  71. 71. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisSub £200k units within developments currently selling(March 2013) – (red markers=units below £150k)
  72. 72. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  73. 73. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  74. 74. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  75. 75. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  76. 76. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisThe start of this presentation same each year180,000 applications, 6,000 site visits, 20,000 schemes onthe database etc... Of those 20,000 schemes some3,000are either lapsed, withdrawn or refused,But, if this digital edition is about anything it’s aboutvisualisationLet’s not say how vastthe database islet’s visualise itThis is what 3,000 schemes looks like
  77. 77. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  78. 78. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  79. 79. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  80. 80. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysis
  81. 81. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisA lucky dipAll these sites have at one point beenin the planning system,each site was once thought to havedevelopment potential,each onecould have again
  82. 82. Copyright EGi 2013. Download the full report for free http://www.estatesgazette.com/london-residential-market-analysisDownload the full reportwww.estatesgazette.com/london-residential-market-analysis

×