The value issue

Oliver Parsons

Editor of Modus (RICS)

When it comes to our natural resources, are we in danger of knowing the price of everything and the value of nothing?

Modus - the value issue

Everything we deal with in the built environment has a value: it’s a principle at the heart of our global economy, it’s how we make almost all business decisions, and, for many branches of surveying, the accurate attribution of value is our own professional raison d’être.

But, when it comes to our natural resources, are we in danger of knowing the price of everything and the value of nothing?

In our lead feature this issue we look at the controversial subject of natural value, and in particular the placing of an economic value against the services provided by natural assets such as forests, peatlands and coastlines. For many, the very idea is obscene – these assets are inherently priceless, after all – but could the practice in fact be our best way to protect the natural world?

Elsewhere in this edition, we meet valuers who have experienced the stress of a personal negligence claim in the wake of the global financial crisis, and find out about the work of the RICS Member Support Service in coming to their aid.

Finally, in our feature on the power of public-private partnerships, we examine the possible role that public private partnerships could have in plugging the global infrastructure gap.

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