High costs put the onus on ops
02/08/2022
Author : Mary-Anne Bowring
High Costs
Mary-Anne writes for Property Week about supply-chain shocks, development risk and the added emphasis on operational strategies. Soaring inflation has led many funders to reconsider taking on development risk, as key construction materials have hit sky-high prices due to pandemic-induced supply chain shocks. However, for institutional investors wanting to access UK real estate living sectors, a lack of tradeable stabilised portfolios in sectors such as build-to-rent (BTR) and co-living is limiting investment opportunities, and so moving up the risk curve is a necessity. Institutions that can find and build relationships with seasoned development partners, with proven track records of delivery, will weather the inflationary storm and still make strong returns [...]
Mary-Anne Bowring: High costs put the onus on ops
info@planetrent.co.uk
0208 0599 550 (for sales)
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.