The Royal Institution of Chartered Surveyors (RICS) has expanded its recommendations for sectors which no longer require a material uncertainty clause, the reason given for the swathe of property fund suspensions in March.
The RICS Material Valuation Uncertainty Leaders Forum (UK) met for the second time of 21 May and expanded its recommendations to include "non-reversionary residential ground rents in excess of 80 years" and "all types of rented social housing or leased shared ownership, owned by housing associations". UK open-ended property fund suspensions: 'Here we are again' In the first meeting on 14 May, the forum initially reached a consensus that reporting on "long dated annuity income with at least 20-years unexpired term", "standalone food stores let to major operators" and "institutional gra...
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