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25/08/2011
Surveyors Skills 'Can Create Recovery'
The skills of chartered surveyors are more important to the local economy than ever before, according to a new boss at the Royal Institution of Chartered Surveyors (RICS).
Michael Hannaway said that chartered surveyors are centrally involved in key issues such as NAMA and the management of public sector property assets, and, as such, will be vital to creating the conditions for economic recovery.
The RICS' Northern Ireland Chairman said: "In this time of government austerity measures there is a great need to ensure maximum value from public sector assets, and effective valuation of property in all sectors is essential to create a viable and sustainable local property market," he said.
"Our economy will continue to face significant headwinds, with the constraints on public spending and the current dysfunctional nature of property markets amongst the key challenges.
"The good valuation and management of property assets is critical to dealing with both of these issues.
"RICS and its members are therefore well placed to provide the opinion, guidance, and implementation and delivery skills to ensure that key decisions that affect our economy and society are properly taken," he added, noting that, in this respect, it is important that groups holding large portfolios of property, including governments, publicly controlled bodies and banks manage these assets in a way that doesn't compromise the recovery and good functioning of property markets. Property also needs to be valued in a realistic way that ensures best value is achieved.
Michael is a partner in Hannaway & Hannaway, a leading firm of chartered surveyors specialising in accident reconstructions and the provision of expert reports on boundary and right of way issues to the legal sector and land and engineering surveys to corporate and government bodies.
(GK/BMcC)
Michael Hannaway said that chartered surveyors are centrally involved in key issues such as NAMA and the management of public sector property assets, and, as such, will be vital to creating the conditions for economic recovery.
The RICS' Northern Ireland Chairman said: "In this time of government austerity measures there is a great need to ensure maximum value from public sector assets, and effective valuation of property in all sectors is essential to create a viable and sustainable local property market," he said.
"Our economy will continue to face significant headwinds, with the constraints on public spending and the current dysfunctional nature of property markets amongst the key challenges.
"The good valuation and management of property assets is critical to dealing with both of these issues.
"RICS and its members are therefore well placed to provide the opinion, guidance, and implementation and delivery skills to ensure that key decisions that affect our economy and society are properly taken," he added, noting that, in this respect, it is important that groups holding large portfolios of property, including governments, publicly controlled bodies and banks manage these assets in a way that doesn't compromise the recovery and good functioning of property markets. Property also needs to be valued in a realistic way that ensures best value is achieved.
Michael is a partner in Hannaway & Hannaway, a leading firm of chartered surveyors specialising in accident reconstructions and the provision of expert reports on boundary and right of way issues to the legal sector and land and engineering surveys to corporate and government bodies.
(GK/BMcC)
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03 September 2008
New RICS Regulations To 'Protect New Build Market'
Regulations that will ensure property developers disclose the true value of new-build properties have been introduced.
New RICS Regulations To 'Protect New Build Market'
Regulations that will ensure property developers disclose the true value of new-build properties have been introduced.
28 November 2011
2011 House Prices Down 3%
Britain's house prices have tumbled by another 3% this year according to official figures published on Monday morning. The October data from Land Registry's flagship House Price Index showed an annual price decrease of 3.2%, which takes the average property value in England and Wales to £159,999.
2011 House Prices Down 3%
Britain's house prices have tumbled by another 3% this year according to official figures published on Monday morning. The October data from Land Registry's flagship House Price Index showed an annual price decrease of 3.2%, which takes the average property value in England and Wales to £159,999.
31 October 2011
House Prices Take September Dip
Data from Land Registry's House Price Index has revealed an annual price decrease of 2.6%. The average property value in England and Wales is now £162,109, representing a monthly change from August to September of 0.3% down. This continues the negative monthly price change seen in August of -0.1%.
House Prices Take September Dip
Data from Land Registry's House Price Index has revealed an annual price decrease of 2.6%. The average property value in England and Wales is now £162,109, representing a monthly change from August to September of 0.3% down. This continues the negative monthly price change seen in August of -0.1%.
04 May 2011
House Prices Continue To Fall
The North East of England has experienced the greatest annual price fall in house value as the March data from Land Registry's House Price Index revealed an annual price decrease of 2.3% which takes the average property value in England and Wales to £160,996. The monthly change from February to March is a decrease of 1.1%.
House Prices Continue To Fall
The North East of England has experienced the greatest annual price fall in house value as the March data from Land Registry's House Price Index revealed an annual price decrease of 2.3% which takes the average property value in England and Wales to £160,996. The monthly change from February to March is a decrease of 1.1%.
09 April 2014
HS2 Compensation Announced For Homeowners
A new set of compensation packages for homeowners and businesses who will be located near the HS2 high-speed rail link have been unveiled. The packages will be made available – even if those affected do not want to move from their property or premises, it is understood.
HS2 Compensation Announced For Homeowners
A new set of compensation packages for homeowners and businesses who will be located near the HS2 high-speed rail link have been unveiled. The packages will be made available – even if those affected do not want to move from their property or premises, it is understood.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
