Speaker: Nick French
CPD Time: 1 hour
Duration: 1 hour
Hopefully, 2022 will see a slow return to “normality” as the impact of Covid 19 restrictions lessen and consumer and work returns to a semblance of pre-pandemic behaviour. Property values are driven by the demand and supply of each property type. Some of the behavioural changes that were experienced during the last two years were a temporary reaction to circumstance whilst others have been an accelerated structural market change.
The role of the valuer has always been to reflect prices in the market but, going forward many clients will be unwilling to accept substantial falls in Market Value of particular properties whilst at the same time accepting the increase in value of other assets. And all of this is happening against the backdrop of the Environmental, Social and Governance (ESG) objectives of owners and occupiers and government restrictions changing the acceptability and demand for certain properties.
This alone would be a challenge but valuers will come under more and more scrutiny from clients that will result in increased regulation and professional standards. In particular, the RICS Independent Review of Real Estate Investment Valuations is likely to have a far–reaching and long-term effect on the way that we work with investment clients. This talk will look at these initiatives in depth.
Nick French, Real Estate Valuation Theurgy, Property Education
£25.00 + VAT