09/10/2026
GDV tells you what a scheme is worth on completion.
Yield tells you what it's worth to hold.
We're seeing more sites get greenlit on a strong GDV number when the yield case underneath it is shaky - and that's a different kind of risk to be carrying into a slower market.
Which number carries more weight in your go/no-go call, and has that shifted for you in the last year?