High costs put the onus on ops
02/08/2022
Author : Mary-Anne Bowring
Introduction: Understanding the Context of Enfranchisement
Overview of the challenges and opportunities faced by institutional investors in UK real estate living sectors.
The Impact of Soaring Inflation on Development Risk
How supply chain shocks and increased construction material costs are reshaping the development landscape.
Supply-Chain Shocks: The Pandemic's Long-Lasting Effects
Exploring the pandemic's role in escalating costs and disrupting material availability.
Institutional Investors Facing Limited Investment Opportunities
The scarcity of tradeable, stabilised portfolios in sectors like build-to-rent (BTR) and co-living.
Moving Up the Risk Curve: A Necessary Strategy
Why institutional investors must adapt and embrace higher-risk ventures to access UK real estate.
Partnering for Success: The Key to Weathering the Inflationary Storm
Building strong relationships with seasoned development partners to achieve reliable returns despite inflation challenges.
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.