Today we present the seventh in our series of analysis on the selling market for Management and Letting Rights (MLR). We have been collating this data quarterly since June 2017 and the following is a broad summary;
· Stock levels are continuing to slightly decrease from our January 2019 update.
· This has largely been in the holiday space, with permanents increasing.
· The average listing period of all buildings has been 72 days in the last quarter. With an additional 90-100 to complete settlement.
· There is about 0.1x lower multiplier for Standard Agreements over Accommodation Agreements.
There is the full detail and some simple graphs by following the link below. We’ve also provided a summary of the Gold Coast and Brisbane management rights market.