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If the IPO goes according to plan and management follows through with absolute attention to detail (and the market cooperates) Morgans could be on its way to finding new value for its existing and future properties.
Looking to the future, properties are going to have fewer people living in them, partly owing to the fact we are living for longer - creating even more of a squeeze for young people hoping to buy a home of their own.
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Everyone cannot get rich quick at the expense of future property buyers".
Expectations of future property inheritance may therefore lull today's savers into a false sense of security.
But the multibillion-pound question now is whether those laws would apply only to future property acquisitions.
He suggested that the Bank should be given the power to limit mortgage lending to rein in future property price bubbles.
The developers will use a tool called tax increment financing, which earmarks a portion of a site's future property taxes to build its infrastructure.
The escalation of the region's land prices also points to an increase in the perceived value of owning vacant parcels as potential building sites to meet future property demands.
Mr. Putin's new law will undoubtedly create a maze of rules and a tangle of bureaucratic intrigues in the various outlying districts where powerful governors will control future property sales.
"This is important as our research has found that more affluent parents are better able to shield their children from debt – by paying all or part of their higher education costs, by putting money aside for future property purchases, by being prepared to step in to support loan repayments or by using other financial resources to pay off the debt.
That explains local resistance to the BID and to "rezoning" laws that allow for future property development, he says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com