New supply outpaces still solid demand in U.S. multifamily market

The U.S. multifamily rental market continues to adjust to an influx of new supply across the country. 2017 marked the expected peak of the development cycle, with annual rental growth decelerating and a slight rise in the national vacancy rate to 5.2%. With new ground-breakings in the multifamily sector now slowing, fundamentals are well positioned to stabilise over the next 18 to 36 months.

Global Residential Clocks – Rents

Click on a regional clock to view city positions

U.S.: Multifamily Residential

EMEA: Central City

AP: Prime Residential

Source: JLL, February 2018

Institutional investor demand buoyant in most European markets

Institutional investor demand remains buoyant in continental Europe, with investment volumes climbing higher in Germany while the Netherlands registered a record year for transactional activity. The UK institutional market remained on its growth trajectory, with investment volumes 20% higher in 2017 and expectations of continued strong growth this year.

Sustained sales momentum in Hong Kong and Singapore

In Asia Pacific, a tight housing policy stance and limited issuance of pre-sales certificates have impacted sales activity in Shanghai. Elsewhere, market sentiment has led to sustained sales momentum in Singapore as well as Hong Kong, where buyers have snapped up flats in new launches.

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