Increased coronavirus restrictions across the UK could lead to a return of material valuation uncertainty across the country's property sector, which sparked the widespread suspension of open-ended property funds in 2020.
Speaking to Investment Week, David Wilson, real estate partner at EY UK & Ireland, which is a member of the Royal Institute of Chartered Surveyors (RICS) Material Valuation Uncertainty Leaders Forum, said that if the new restrictions were to "significantly affect viewings and overall transaction volumes" a return to uncertainty in property valuations "could be possible". Investors eye exit door as property funds prepare to reopen He clarified that not all sub-sectors within property will be negatively affected and suggested that logistics "will likely continue to thrive" but said the ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes