Market

Question 1

Prime City Rent

Answer 1

£73 psf

Question 2

Prime WE Rent

Answer 2

£140 psf

Question 3

Prime City yield

Answer 3

5.5%

Question 4

Prime WE yield

Answer 4

4.0%

Question 5

High street retail prime

Answer 5

6.75%

Question 6

Secondary retail prime

Answer 6

9.0%

Question 7

Pubs London prime

Answer 7

4.25%

Question 8

RAAC

Answer 8

Reinforced autoclaved aerated concrete - 1950-1990’s use in construction, risk of collapse

Question 9

RICS Renaming of documents

Answer 9

Professional statements and guidance notes to be named as professional standards

Question 10

IPMS all buildings 2023

Answer 10

Replaces previous IPMS, harmonising concepts and objectives, RICS property measurement still current guidance

Question 11

RICS Web Page

Answer 11

RICS new web page in August 2023 to collect practical alerts on areas of risk

Question 12

BoE

Answer 12

Base rate 5.35% (Aug), inflation 6.7% (Sep)

Question 13

BCIS annual rate of construction output price

Answer 13

8.5% in March 23, was 10.5% in June 22

Question 14

Department for levelling up

Answer 14

September 2023 updated national planning property framework - climate change, flooding and coastal change, wind farm planning policy

Question 15

1954 Act

Answer 15

Law Commissioner reviewing 54 act to modernise, make it more efficient and less bureaucratic

Question 16

Renters reform bill

Answer 16

abolition of s21 evictions and fixed term tenancies, longer notice for rent increases, min housing standards, improved rights for pets

Question 17

MEES - Rishi

Answer 17

PM put resi MEES on hold raises doubt over commercial MEES