Resi Talks: Why small investors are getting burned by permitted development

In this first episode of EG's new Resi Talks podcast, residential editor Emma Rosser explores the rising phenomenon of inexperienced investors losing money to permitted development rights.

From Magna Capital to other more high profile failings from Signature Living and Inspired Developments, office-to-resi developers are buckling under hidden costs and 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 or potentially fraudulent operations.

Joining Emma to discuss how and why small investors are getting burned by PD and what that means for the industry is fund expert John Forbes, London agent Jonathan Vandermolen and BPF head of policy, Ian Fletcher.