The RICS has recommended a general 'lifting' of material valuation uncertainty clauses on all UK real estate, excluding some assets valued with reference to trading potential.
Paul Richards, Managing Director of AREF said: "We welcome the lifting of the material uncertainty clause as one step on the path back to a normally functioning commercial property market. Fund suspension is not undertaken lightly and is done in the best interest of savers and investors. It is for individual funds to decide when to re-open having considered their investors’ needs and their liquidity position."
Read the full recommendations on the RICS website here.