1、REPORTThe Hot 100Adaptive Spaces2023UKRESIDENTIALCBRE RESEARCH2CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKLondon is a thriving,dynamic city,and an attractive place to live for many.This edition of our Hot 100 report reveals which London boroughs rank in the top 10 across 10 different m

2、etrics encompassing housing,energy efficiency,biodiversity,and more.Introduction3CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UK007080910Education Projected Population GrowthAffordable HousingFirst Time BuyersWellbeingEnergy Efficiency Electric Vehicle ChargingPublic Transport A

3、ccessibilityBiodiversityAccess to NatureContentsEducation015CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKEducation unlocks potential in children to develop the skills they need to excel in life,and provides London with the human capital which fuels innovation.The link between education,p

4、roductivity,and urban prosperity is embodied by Londons thriving economy.London currently has 2,594 state primary and secondary schools.Of these,721 have received outstanding inspection ratings by Ofsted.This means they provide the highest quality of education available for children.Ofsteds inspecti

5、on framework considers,among other things,the quality of education,behaviour and attitudes of the school,and the effectiveness of leadership and management.ResultsWe ranked the top 10 by calculating the proportion of outstanding rated schools by the total number of schools in the area.In first place

6、 was Kensington&Chelsea,with more than half of its schools rated outstanding.This was followed by Richmond upon Thames at 47%and Harrow at 42%.EducationSource:Ofsted28%of London schools are rated outstanding by Ofsted2.Richmond upon Thames 28 schools,47%9.Redbridge27 schools,34%7.Newham35 schools,35

7、%8.Hackney 28 schools,35%4.Hammersmith&Fulham23 schools,38%1.Kensington&Chelsea22 schools,54%6.Tower Hamlets35 schools,36%5.Lambeth34 schools,37%3.Harrow25 schools,42%Proportion of outstanding schools30%35%35%40%40%45%45%50%Over 50%10.Westminster19 schools,33%Projected Population Growth027CBRE RESEA

8、RCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKLondon is the largest city in the UK and currently has a population of some 9.5 million people.It continues to attract professionals,students,and families seeking to engage with its bustling culture and character.The demand to live in London remains ver

9、y high.Using estimates of the projected population growth for each borough,we can better understand how the residential market of that area might grow.ResultsWe ranked the boroughs based on a five-year population estimate from 2021 to 2026 to calculate the percentage increase.Camden,with its excelle

10、nt central location,diversity,schools,and music scene came first,with a projected growth of 5.4%,or 14,500 people.In second and third place were Westminster at 4.8%,and Greenwich at 4.6%.Each offers their respective benefits in terms of stunning properties,accessibility,and education.Projected Popul

11、ation GrowthSource:Experian(%growth rounded to one decimal place)Size of bubble represents actual increase in population by no.of people111,000projected population increase across thetop 10 boroughs15.4%5.4%Camden24.8%Westminster34.6%Greenwich44.1%Hackney73.5%Barnet93.3%Lewisham53.7%Havering63.5%Ham

12、mersmith&Fulham83.5%Southwark103.1%IslingtonAffordable Housing039CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKAffordable housing initiatives aim to provide low and modest income Londoners with high-quality homes.The affordable segment of the housing market encompasses several different t

13、enures,including social rented homes and shared ownership.Overall,it is estimated that 17,000 more affordable homes are needed across London each year.Here,we look at which boroughs have contributed the most towards that target over the last year.ResultsTo determine the area with the most affordable

14、 housing,we totalled affordable housing starts and completions over the last year(to September 2022).We found that Sutton ranked top with 674 homes,followed by Bexley and Hounslow.Affordable HousingSource:GLA affordable housing starts to end of September 20224,000affordable homes started or under co

15、nstruction across the top 10 boroughs674658337833229300400500600700800First Time Buyers0411CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKAccording to the Office for National Statistics,the average price of a first home in London was 468,000 in September 2022.However,

16、this encompasses a wide-range of prices.Here we highlight the boroughs which may offer the best options for those looking to get onto the housing ladder.ResultsWe ranked the boroughs according to the average first time buyer price from the ONS.In first place came Barking&Dagenham,with the lowest ave

17、rage price of just over 330,000.This is 28,000 below second-placed Bexley at 359,000.In third place was Croydon where the average price of a first home was just under 361,000.First Time Buyers 468,000 average price of a first home in LondonSource:ONS,September 20226.Hillingdon389,0121.Barking&Dagenh

18、am330,6512.Bexley358,7648.Greenwich397,5109.Lewisham406,6704.Havering361,8265.Sutton367,9953.Croydon360,991EnfieldAverage first-time buyer property value330,000360,000360,000370,000370,000380,000380,000390,000Over 390,0007.Enfield 396,72310.Hounslow406,781Wellbeing0513CBRE RESEARCH 2022 CBRE,INC.Ada

19、ptive SpacesThe Hot 100 UKOptimal wellbeing is crucial for the happiness and productivity of Londoners.According to the ONS,average ratings of personal well-being in the UK have improved across all indicators in the year ending March 2022.The proportion of people reporting very high levels of life s

20、atisfaction,happiness,or very low levels of anxiety increased in the year ending March 2022.While the perceived life satisfaction of residents reflects many variables,it can be a useful barometer for gauging which boroughs have a more contented population.ResultsWe measured the wellbeing of each bor

21、ough using life satisfaction scores,with 0 being the lowest and 10 being the highest.While the scores are close,Newham came in first with the highest average life satisfaction score,followed closely by both Ealing and Harrow at equal second;Tower Hamlets came in fourth.Wandsworth,which came eighth,w

22、as in line with the national average.WellbeingRankBoroughAverage life satisfaction score1Newham7.702Ealing7.692Harrow7.694Tower Hamlets7.625Merton7.586Havering7.576Redbridge7.578Wandsworth7.559Hillingdon7.5310Lewisham7.50Source:ONS personal well-being in the UK,year to March 2022Energy Efficiency 06

23、15CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKHighly energy efficient homes will be critical if the UK is to reach its 2050 net zero target.Sustainable housing reduces carbon emissions,energy bills,unnecessary energy consumption,and demand for non-renewable resources.Increasing the ener

24、gy efficiency of homes is imperative for reducing our reliance on fossil fuels.As a result,the energy efficiency of our homes will be subject to further regulation through Minimum Energy Efficiency Standards.This proposes that all privately rented homes will need to have an Energy Performance Certif

25、icate(EPC)rating of at least C by 2028.Owner-occupiers will have to follow-suit,but will have until 2035 to meet the requirements.Furthermore,the Future Homes Standards will ensure that new homes built from 2025 will produce 7580%less carbon emissions.ResultsTo determine the energy efficiency of bor

26、oughs,we ranked them by the proportion of their homes that were rated with an EPC of C or better.This also gives an indication of which boroughs are most future-proofed against upcoming regulation.EPC ratings range from A(most energy efficient)to G(least energy efficient).The results show that Tower

27、 Hamlets has the most energy efficient housing stock,with 76%of its homes rated C or above.This is then followed by Southwark and Hackney where just over 60%of homes achieve at least a C rating.Energy Efficiency Proportion of homes rated EPC C or better50%55%55%60%60%65%65%70%Over 70%Source:Departme

28、nt for Levelling Up,Housing and Communities to year ending March 20229.Barking&Dagenham52%4.Greenwich59%2.Southwark62%3.Hackney 61%10.Brent52%6.Westminster56%8.Wandsworth54%7.Newham56%1.Tower Hamlets76%5.Islington58%Electric Vehicle Charging0717CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100

29、UKThe transition away from fossil fuel cars will be one of the crucial factors that drastically reduces Londons carbon emissions.Recently,London has seen a surge in electric vehicle(EV)use,thanks to the growing availability and affordability of plug-in hybrid vehicles and pure electric vehicles.Thes

30、e vehicles allow users to save money on fuel while reducing their carbon footprint.To further promote their use the Government has installed many charging points across the city,increasing the ability of residents to travel sustainably.ResultsWestminster came in first place for most EV charging poin

31、ts 621 more than Wandsworth in second place,with 873-demonstrating the significant investment in infrastructure in Westminster to facilitate sustainable travel.In third place came Southwark,with a total of 683 charging points.Across the UK,Greater London has the most EV charging points,followed by t

32、he South-East with 4,606 and Scotland with 3,562.Electric Vehicle ChargingRankBoroughEV Charging Points1Westminster1,4942Wandsworth8733Southwark6834Hammersmith&Fulham6545Kensington&Chelsea6546Brent5557Richmond upon Thames4748Hounslow4389Hackney39510Islington384Source:ZapMap11,272 total EV charging p

33、oints in LondonPublic Transport Accessibility0819CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKLondon boasts a world class transportation system that enables its 9.5 million residents to travel across the city.Access to public transport allows for fast commutes,a key factor in attracting

34、workers to London,which facilitates economic development and opportunity.Furthermore,Londons excellent cycling networks let people travel in a healthy and eco-friendly way.ResultsWe ranked the boroughs by their respective Public Transport Accessibility Level(PTAL)score.This takes into account walkin

35、g time to public transport stops,as well as the number and frequency of services.The PTAL score ranges from 1 to 6b,where 1 is very poor access and 6b is excellent.Each boroughs PTAL score was ordered according to the table opposite.However,for simplicity we have shown the score as the equivalent Tr

36、ansport for London rating.In first place came Westminster,which continues to highlight its ability to draw thousands of workers into its offices every day.In second place came Islington,and third place Camden.Only two boroughs currently have an excellent PTAL rating,albeit some will score higher in

37、the future now that the Elizabeth Line is fully operational.However,this highlights that there is still further scope for investment in Londons public transport infrastructure.Public Transport AccessibilitySource:Transport for LondonRankBoroughAverage PTAL1Westminster6a2Islington6a3Camden54Kensingto

38、n&Chelsea55Lambeth56Southwark57Tower Hamlets48Hackney49Hammersmith&Fulham410Wandsworth3Biodiversity0921CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKConserving and increasing biodiversity is essential for protecting plants,animals,and ecosystems while providing children,parents and young

39、adults with access to wildlife habitats and species.This increases sustainability,clean air,and promotes the mental health and wellbeing of Londoners making the city a better place to live.ResultsTo assess biodiversity in London,we ranked the boroughs by the total number of trees across 23 different

40、 species.Here we see Bromley come in first place with a total tree count of 68,285.Enfield came in second place with 66,150,and Southwark third with 50,725.BiodiversitySource:GLA9.Harrow35,7567.Barnet39,40210.Hounslow32,7016.Ealing40,8045.Redbridge41,5041.Bromley68,2758.Islington35,780Number of tree

41、s32,0003600036,00040,00040,0004400044,00048,000Over 38,0002.Enfield66,1504.Waltham Forest42,4773.Southwark50,725Access to Nature1023CBRE RESEARCH 2022 CBRE,INC.Adaptive SpacesThe Hot 100 UKLondon offers some 3,000 parks for its residents to enjoy,with 10 historical Royal Parks providing 5,000 acres

42、of green space for people to walk,run,or cycle in.To commemorate this open space,in 2019 the National Park City Foundation confirmed London as the worlds first National Park City.With many people now working from home a few days per week,the demand for open space is only increasing.ResultsTo determi

43、ne the accessibility to green space,we took the average of the accessibility*to both active and passive green spaces.Active green spaces are green areas where physical activity can be undertaken such as public parks and gardens,whereas passive green spaces are areas within a 900metre area from the g

44、iven postcode.In first place came Croydon,which has over 120 parks and open spaces.In second and third places were Bromley and Sutton.Access to NatureRankBoroughAverage accessibility to green space1Croydon51.1%2Bromley49.7%3Sutton49.6%4Kingston upon Thames47.6%5Havering46.9%6Bexley45.5%7Enfield44.8%

45、8Hillingdon44.4%9Barnet44.3%10Harrow44.0%Source:Consumer Data Research Centre*Defined as the proportion of greenspace within a defined distance of postcodes across the borough.Copyright 2022.All rights reserved.This report has been prepared in good faith,based on CBREs current anecdotal and evidence

46、 based views of the commercial real estate market.Although CBRE believes its views reflect market conditions on the date of this presentation,they are subject tosignificant uncertainties and contingencies,many of which are beyond CBREs control.In addition,many of CBREs views are opinion and/or proje

47、ctions based on CBREs subjective analyses of current market circumstances.Other firms may have different opinions,projections and analyses,andactual market conditions inthe future maycause CBREscurrent viewsto later beincorrect.CBREhasno obligation to update itsviewshereinifits opinions,projections,

48、analyses ormarket circumstances laterchange.Nothing in this report should be construed as an indicator of the future performance of CBREs securities or of the performance of any other companys securities.You should not purchase or sell securitiesof CBRE or any other companybased on the views herein.

49、CBRE disclaims all liability forsecurities purchased or sold based on information herein,and by viewing this report,you waive all claims against CBRE as well as against CBREs affiliates,officers,directors,employees,agents,advisers and representatives arising out of the accuracy,completeness,adequacy or your use of theinformationherein.Luke MillsManaging Director,UK R Jennet SiebritsExecutive Director,Head of UK RScott CabotDirector,Head of UK Residential Research Ed FranksAnalyst,UK Residential RContacts