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Residential property plays a vitally important role in society. In addition to its primary purpose of meeting the housing requirements of the population it is also a growing investment asset class.
Occupational use of property can be divided into rental property and owner occupied property. Given the importance of housing in society, both of these are subject to a large number of social, economic, political, and legal dynamics.
Residential property's use as an investment asset has grown rapidly in the UK. Direct investment is undertaken at all levels, ranging from large institutional investors through to private individuals.
Indirect investment vehicles include equity investments such as REITs and debt vehicles such as residential mortgage backed securities.
Both the residential occupier and investment markets depend upon property finance, especially mortgage provision.
Many different professionals operate in and around the residential property sector supporting these main functions of occupation and investment.
Planners, developers, agents, mortgage lenders, professional advisers (such as valuers and building surveyors), private and institutional investors and property managers are just some of the key professional figures that allow the property market to operate smoothly.
Most chartered surveyors in this area specialise in one or more of these key areas.
View/download the Pathway Guide for Residential Property Practice (Adobe PDF file). |
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| Visit the RICS Residential Property Channel |
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propertygroup@rics.org |
About the APC and ATC
The RICS Assessment of Professional Competence (APC) and Assessment of Technical Competence (ATC) ensure that those applying for RICS membership are competent to practice and meet the high standards of professionalism required by RICS.
There is a wide range of Pathways available to qualify as an RICS member covering 19 different areas of practice, at APC – (Chartered), and ATC – (Technical) level.
The APC and ATC normally consists of:
- a period of structured training
- a final assessment.
The structured training is based on candidates achieving a set of requirements or competencies. These are a mix of technical, professional, interpersonal, business and management skills.
Important note
You must use this guide in conjunction with the 2006 core APC and ATC documentation which is available on www.rics.org/apc and is made up of:
- APC/ATC Requirements and competencies guide (July 2006)
- Candidate guides (2006)
(the particular candidate guide you need will depend on your route to membership).
- Guide for supervisors, counsellors and employers – graduate route to membership, July 2006.
