Material uncertainty on property valuations clears but fund suspensions likely to stay
RICS to remove MUC guidance
Investors' money has been locked up in suspended property funds since March
The path for suspended UK property funds to reopen has finally cleared with the Royal Institution of Chartered Surveyors (RICS) removing guidance on "material uncertainty" in the valuation of their underlying holdings.
A number of funds across the IA UK Direct Property sector remain suspended after independent valuers instigated Material Uncertainty Clauses (MUCs) in the wake of the coronavirus pandemic, with billions...
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