RICS gives all clear for property sector but £5bn of investor capital remains in lockup
Slight glimmer of hope for shuttered funds
RICS recommended a general lifting of MUC for all UK real estate last September
Almost £5bn of investor capital remains locked in open-ended property funds after more than ten months of suspension, despite the recent decision from the Royal Institution of Chartered Surveyors (RICS) to maintain its recommendation that material uncertainty clauses (MUC) are "not generally required".
On 5 January, RICS convened its Material Valuation Uncertainty Leaders Forum and while the potential to reinstate the MUC was "mentioned in passing", the decision was reached to maintain its original recommendation...
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