DESPITE the lamented shortages of everything from timber to glass, not to mention workers, which has hampered the completion of many a property this year, the popularity of new-builds appears to be steadily rising. In fact, research from global investment gurus JLL shows that annual reservations in Q1 2022 were up by 45%.
'Covid-19 highlighted the importance that you need to love where you live,' explains Maria Harikantra of JLL's capital markets team. In London at least, 'choosing to live in a new-build home has become a lifestyle choice, with the opportunity to become part of a wider community', as new-builds are often in 'neighbourhoods that are either already sought-after... or in regeneration areas that are fast evolving... [into] cultural hotspots'.
The working-from-home benefits are obvious and, although countryside developments often offer buyers more opportunity to tailor a home to requirements, many in the city contain meeting rooms, 24-hour concierges and gyms. The 88 New York-loft-style apartments at 101 on Cleveland, London W1, are a great example, with applicants up 25% in three months and 62% on last year. Interest has come from 'a range of buyers from students who want close proximity to university to frequent travellers who value connectivity,' adds Miss Harikantra. Prices start from $1.3 million, or from $4.2 million for the recently launched three-bedroom penthouses (www.101oncleveland.com).
This story is from the July 27, 2022 edition of Country Life UK.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 27, 2022 edition of Country Life UK.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Happiness in small things
Putting life into perspective and forces of nature in farming
Colour vision
In an eye-baffling arrangement of geometric shapes, a sinister-looking clown and a little girl, Test Card F is one of television’s most enduring images, says Rob Crossan
'Without fever there is no creation'
Three of the top 10 operas performed worldwide are by the emotionally volatile Italian composer Giacomo Puccini, who died a century ago. Henrietta Bredin explains how his colourful life influenced his melodramatic plot lines
The colour revolution
Toxic, dull or fast-fading pigments had long made it tricky for artists to paint verdant scenes, but the 19th century ushered in a viridescent explosion of waterlili
Bullace for you
The distinction between plums, damsons and bullaces is sweetly subtle, boiling down to flavour and aesthetics, but don’t eat the stones, warns John Wright
Lights, camera, action!
Three remarkable country houses, two of which have links to the film industry, the other the setting for a top-class croquet tournament, are anything but ordinary
I was on fire for you, where did you go?
In Iceland, a land with no monks or monkeys, our correspondent attempts to master the art of fishing light’ for Salmo salar, by stroking the creases and dimples of the Midfjardara river like the features of a loved one
Bravery bevond belief
A teenager on his gap year who saved a boy and his father from being savaged by a crocodile is one of a host of heroic acts celebrated in a book to mark the 250th anniversary of the Royal Humane Society, says its author Rupert Uloth
Let's get to the bottom of this
Discovering a well on your property can be viewed as a blessing or a curse, but all's well that ends well, says Deborah Nicholls-Lee, as she examines the benefits of a personal water supply
Sing on, sweet bird
An essential component of our emotional relationship with the landscape, the mellifluous song of a thrush shapes the very foundation of human happiness, notes Mark Cocker, as he takes a closer look at this diverse family of birds
