The Confidence Issue

Oliver Parsons

Editor of Modus (RICS)

Spending millions on a thing that cannot be moved, no matter what happens, has to be the ultimate statement of confidence in the future. So when it comes to the built environment, confidence is absolutely critical. In fact, without it, we’d all be living in tents.

One project that clearly projects an enormous amount confidence is China’s grand plan to re-draw its trade links with Eurasia, via a gigantic network of complementary rail, maritime and road links, widely referred to as One Belt, One Road.

If successful, it will completely change the geopolitical world map, allowing China to increasingly orient itself economically toward Eurasia, thus decreasing its reliance on the contested South China Sea as a trade route. And even if it’s only half-successful, it represents a gigantic undertaking in the world of construction and infrastructure. So this issue, we’re taking an in-depth look at One Belt, One Road, and assessing precisely what it means for China, the Asian and European continents, and for those working in the built environment sector.

Also in this issue:

  • As the world of property becomes increasingly globalized, what does this mean for regulation? We ask the chair of the RICS Regulatory Board, Stephen Haddrill, for his viewpoint.
  • What cities in the world have the greatest GDP at risk, and how vulnerable are they? We look at the figures.
  • What is investor sentiment, how does it change, and are we too reliant upon it? We assess the role of this animal instinct and how it affects high level investment decisions.

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