Also test the budget against two problems arriving together, not just one: for example, an insurance excess plus a heating repair. That is where a thin reserve becomes stressful. Confirm whether there are any recurring service charges for this particular property, but don’t add them...
Agreed on separating asking prices from completions. I would use recent completed sales as the base, then compare each active listing by location, usable condition and shared-building exposure. The reserve itself is only part of the issue; uncertainty about upcoming costs may matter more. If...
Does the +1.9% come from asking prices or recent completed sales? Asking prices can rise even while sellers later accept less.
I would also tighten the neighbourhood boundaries. Two warehouses labelled Lyon may face very different access, condition and buyer pools, so a small city-wide sample...