Discounted market sale
Valuation of land for affordable housing 2nd edition, April 2016, published by the Royal Institution of Chartered Surveyors (RICS) in 2016, defines discounted market sale (DMS) as: ‘An intermediate tenure product that sees the registered provider or developer offer the unit for sale to prospective purchasers (who meet specific affordability criteria) at a specified discount to the market value of the unit. This is typically around 80% of market value, with the purchaser buying the whole 80%. In order to ensure that these units are maintained as affordable into perpetuity, when the purchaser sells the unit on, it must be at 80% (or whatever the original percentage purchased was) of the current market value. The provision of DMS is driven by local policy, where a local authority may accept the provision of this product as part of the affordable housing obligation. Often covenants will be built into DMS leases to ensure that if the property is re-sold in the future the discount to market value is maintained into perpetuity.’
[edit] Related articles on Designing Buildings
Featured articles and news
Design and construction industry podcasts
Professional development, practice, the pandemic, platforms and podcasts. Have we missed anything?
C20 Society; Buildings at Risk List 2025
10 more buildings published with updates on the past decade of buildings featured.
Boiler Upgrade Scheme and certifications consultation
Summary of government consultation, closing 11 June 2025.
Deputy editor of AT, Tim Fraser, discusses the newly formed society with its current chair, Chris Halligan MCIAT.
Barratt Lo-E passivhaus standard homes planned enmasse
With an initial 728 Lo-E homes across two sites and many more planned for the future.
Government urged to uphold Warm Homes commitment
ECA and industry bodies write to Government concerning its 13.2 billion Warm Homes manifesto commitment.
From project managers to rising stars, sustainability pioneers and more.
Places of Worship in Britain and Ireland, 1929-1990. Book review.
The emancipation of women in art.
Call for independent National Grenfell oversight mechanism
MHCLG share findings of Building Safety Inquiry in letter to Secretary of State and Minister for Building Safety.
The Architectural Technology Awards
AT Awards now open for this the sixth decade of CIAT.
50th Golden anniversary ECA Edmundson awards
Deadline for submissions Friday 30 May 2025.
The benefits of precast, off-site foundation systems
Top ten benefits of this notable innovation.
Encouraging individuals to take action saving water at home, work, and in their communities.
Takes a community to support mental health and wellbeing
The why of becoming a Mental Health Instructor explained.
Mental health awareness week 13-18 May
The theme is communities, they can provide a sense of belonging, safety, support in hard times, and a sense purpose.
Mental health support on the rise but workers still struggling
CIOB Understanding Mental Health in the Built Environment 2025 shows.
Design and construction material libraries
Material, sample, product or detail libraries a key component of any architectural design practice.
Comments
[edit] To make a comment about this article, or to suggest changes, click 'Add a comment' above. Separate your comments from any existing comments by inserting a horizontal line.