Time-to-Clear at Stressed Discount is a property development finance UK metric used to assess the estimated period required to sell a development or asset when applying a stressed discount to market values. It reflects potential delays caused by market downturns, reduced buyer demand, or economic volatility, providing a conservative view of exit timing. This measure is vital for calculating risk-adjusted returns, planning loan repayment schedules, and stress-testing the development’s financial viability. Typically expressed in months, it complements other exit value metrics such as Gross Development Value (GDV), Stabilised Value, and Net Development Value (NDV), enabling UK developers to make informed investment decisions.
This sits beneath Exit Value Metrics (GDV, Stabilised Value, Reversionary Value), introducing a more specific variant of the measure without changing its core interpretation. It is commonly considered alongside Disposal Velocity (Absorption Rate), as both are closely related measures used to assess similar aspects of performance or risk. In funding terms, Time-to-Clear at Stressed Discount is most commonly encountered in connection with Annualised vs Cumulative Tracking within the property development capital stack.
View glossary entry