Daniel Mendoza – Retirement living could be the next student accommodation

Identifying the dynamics currently playing out in the property market feels quite easy. So as Q4 approaches, what can we expect? First, there is a wall of money out there looking to be deployed. Institutions are experiencing inflows, with the retail funds now typically sitting on in excess of 20% cash. Overseas investors are particularly enthused by sterling weakness, while PE houses have swollen coffers. Swathes of property companies and private families are sitting on surplus rental income or trading profits and, at the smaller lot-size end, buy-to-let resi investors are turning…