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Property

Pre-stressed concrete

In the field of finance, we often come across the term "pre-stressed concrete". This type of reinforced concrete utilizes high-tensile steel bars or wires, which are either pre-tensioned or post-tensioned. By strategically positioning these wires or tendons, the concrete is able to eliminate tension, preventing cracks and making it both water-tight and gas-tight. This method also enhances the durability of the structure, allowing for greater spans and higher loading capacity. In simpler terms, pre-stressed concrete is a game-changer in the world of construction and engineering.

Capitalisation

Understanding the concept of present value involves converting a series of future net receipts into their equivalent capital worth at a given date. This involves taking into...

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Bare shell

A bare shell refers to the state of a property after construction has been completed, and basic building services have been installed. This includes flooring options such as...

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Uplifted rent

In the world of finance, there exists a concept called "overrenting" which refers to a rent that is higher than the prevailing market rate. This type of rent usually offers ...

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Willing seller-willing buyer

In the world of finance, we often rely on certain assumptions for valuation purposes. One of these assumptions is that the owner of a property is willing to sell their inter...

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