LISTEN: In the first Resi Talks podcast, EG’s residential editor Emma Rosser explores a rising phenomenon of inexperienced investors losing money to permitted development rights.
From Magna Capital to other more high-profile failings such as Signature Living and Inspired Developments, office-to-resi developers are buckling under hidden costs, a challenging sales market and homes that banks refuse to mortgage.
Retail investors backing mini-bonds have lost money and the FCA is now clamping down on risky – and even fraudulent – operations.
In this episode, fund expert John Forbes, London agent Jonathan Vandermolen and the BPF’s head of policy Ian Fletcher discuss how and why small investors are getting burned by PD and what that means for the industry.
To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette
