Speaker: Lesley Webber, Nick French, Suzanne Gill, Walter Boettcher, Jerry Schurder, Ian Anderson
CPD Time: 6 Hours
Duration: 6 Hours
We are also going to include on the day a brief update on the MEES REGULATIONS in light of the 1 April 2023 deadline, to help clarify the position.
Lesley Webber, Consultant, Fieldfisher
Nick French, Real Estate Valuation Theurgy, Property Education
Suzanne Gill, Partner, Wedlake Bell LLP
Walter Boettcher, Head of Research and Economics, Colliers
Jerry Schurder, Partner and Business Rates Policy Lead, Gerald Eve LLP
Ian Anderson, Senior Director, Lichfields
This list may be subject to amendment, addition or substitutions as more decisions of the courts become available
Lesley Webber, Consultant, Fieldfisher
In January 2022, the RICS published the Independent Review of Real Estate Investment Valuations and in the interim months has been consulting with the profession and other stakeholder on the appropriate implementation of the recommendations made relating to standards, process and methods.
We are entering a world where transparency, consistency and regulation are all bedfellows for good commerce and the valuation profession needs to embrace these traits in all property valuations. The RICS Red book in both its Global and UK supplement guises will be updated, after consultations, to incorporate the changes recommended by the review. This talk will discuss how this supports valuers in undertaking their work and how greater transparency benefits everyone involved.
The talk will also look at the new RICS (explicit) DCF Guidance note and the distinction between valuations and calculations of worth and why it makes sense that the property valuation profession starts to adopt explicit models, where appropriate, as their principal valuation model for such assets.
Nick French, Real Estate Valuation Theurgy, Property Education
Suzanne Gill, Partner, Wedlake Bell LLP
Risks remain visible in 2023, but the realities and potential for recovery may be understated linked as they are to a wide range of confusing political, economic and financial factors. The Chancellor’s Spring Statement will provide a point of departure for a discussion about inflation, monetary policy, interest rates and the impact on the economy and commercial property. Impacts from ongoing structural change will be clearer, especially the impact of ESG awareness. Likewise, positive UK long-term prospects in comparison to other countries will be noted as well as notes on the relative performance of UK cities and the state of ‘levelling up’.
Walter Boettcher, Head of Research and Economics, Colliers
The 2023 rating revaluation was the most redistributive ever – with significant sectoral and geographic shifts in rates bills. This session will analyse the impact and review the accuracy of the new assessments and consider the obstacles in the way of successful appeals. It will also cover the provisions of the Non-Domestic Rating Bill and the new reporting obligations to be imposed on businesses. And peek into the future with the possibility of a Labour government.
Jerry Schurder, Partner and Business Rates Policy Lead, Gerald Eve LLP
The appointment of Michael Gove as grandee ‘Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations’ suggested a centralised system to deliver the promises of radical Planning Reform; with the Government driving development targets, the Local Plan process, and deriving greater influence in development to empower ‘top down’ influence ‘to level up’. However, with Gove being sacked as one of the last pieces of defiance by outgoing PM Boris Johnson, and with the summer recess and brief tenure of Liz Truss resulting in stasis, plans were shelved.
But Gove is back under new PM Rishi Sunak. Same department, same role, but increasingly it appears a changed narrative. Are we going ‘back to the future’ with a new era of Localism? If so, how will this impact the property industry?
This session will explain:
Ian Anderson, Senior Director, Lichfields
£119.00 + VAT