Our investment criteria

We believe in transparency. These are the principles we assess every property by — the same ones we apply to our own acquisitions and to client work. Based on numbers, not guesswork.

Four gates every property must pass

1. Location and demand

Lettability determines long-term returns. We favour areas where the population is stable or growing and where employment supports demand for rental housing. In shrinking areas we require a clearly higher yield and a strong micro-location to compensate for the risk.

2. Yield and cash flow

A property must hold up in a worse scenario too. We use a stress test: cash flow must stay manageable when rates rise and rents fall. The starting point is cash flow that is positive or close to zero even under stress; negative cash flow is accepted only where there is a well-founded case for capital growth.

3. Condition and repair backlog

We don't buy hidden renovations at full price. The discounted repair backlog is deducted from our justified offer. A property due for major renovation proceeds only if the price is clearly below market — otherwise it is ruled out.

4. The housing company's finances

We check the level of debt, the repair fund and the upcoming repairs. An underfunded housing company with a major renovation ahead and an empty fund is a risk — unless it shows in the price.