Property Journal December 2016 – January 2017

Claudia Conway

Editor, Property Journal Commercial section (RICS)

If you were looking for two words to sum up 2016, conflict and change would fit the bill pretty well, provided you were limiting yourself to the more polite options.


Conflicts of interest are a serious concern for the real-estate profession, and we're making it the focus for new guidance – in this issue, Nigel Sellars outlines the background to the forthcoming professional statement and asks for your input to help address this complex problem.

We also take a look at dispute resolution as RICS’ Dispute Resolution Service celebrates its 40th birthday. The service may have been around for a while, but there is always a lot to learn about alternative dispute resolution, and a lot to gain from doing so.

As the Valuation Office Agency makes changes to the controversial “Check, Challenge, Appeal” system, Rob Gurney-Smith shares his concerns in an opinion piece – we’d be happy to hear your opinions, too, on any aspects of the revaluation of commercial property that is set to cause tremors across the UK during 2017.

This issue includes an important update on the International Accounting Standards Board’s new lease accounting standards as well, which are set to alter balance sheets significantly for any business that leases space, plus a concise explanation from James King of the Insurance Act 2015’s impact for property.

We’re also delighted to highlight RICS’ new collaboration with the International Facility Management Association (IFMA) in this issue – we hope to be able to provide even more top-quality international facilities management material from IFMA in future issues.

There has been some great feedback from members to Jeremy Blackburn’s pieces on housing policy, too, and in this issue we present his responses to some of your thoughts and queries.

Michael Parrett provides further food for thought with the first of two pieces on legal issues relating to building pathology surveys, while Peter Foulds ponders whether owners of houses in multiple occupation are taking on the responsibility with a clear enough picture of all that it entails. On a similar theme of taking care, Paul Collins reminds members of the need to leave electrical safety to qualified professionals.

In a conflicted and changing world, we hope the Property Journal can help steer you through your professional life – drop us a line if there is anything you’d like us to cover, and here’s wishing everyone a productive and peaceful 2017.

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