11 Sep 2017
Welcome to autumn, and the new issue of RICS Property Journal.
In this edition, Fraser Pratt takes a look at rights of light, often a thorny planning issue, and considers how insurance can help, while John Midgley examines ownership and airspace – a resource increasingly being exploited in crowded and mainly low-rise cities such as London.
Data is also in focus: the General Data Protection Regulation comes into force in May 2018 and will affect every RICS professional. Read Jon Bowey’s guide to get informed. Another aspect of data that will be of increasing importance is standards, so Dave Ramsey, RICS’ new Director of Data Standards, explains his role and why it matters.
Facilities management features prominently in the Commercial section of this issue, and we are pleased to present an asset management case study from the Royal Mail, with input from both client and service-supplier sides, as well as an excerpt from RICS’ latest Raising the Bar research.
John Webber meanwhile looks at what lessons England could learn from the approach taken to business rates in the Netherlands, and further afield Kamal Hideib offers insights into valuation in Qatar, as well as the challenges of making massive deals in a market that still lacks transparency.
In Residential, Mike Parrett continues his essential series on damp in basements, and Vivien King considers property damage caused by trees. A different kind of damage can be caused from fallout over tenancy deposits – Steve Harriot answers some frequently asked questions on preventing and settling disputes. There is also business advice from Emma Vigus on watching out for potential clients who are best avoided, and expert legal knowledge from Rawdon Crozier and Ibraheem Dulmeer on lease extensions for flats.
Personal Property features an examination of the legal meaning of “suspicion” when it comes to possible money laundering, while Andrew Mason tells the story of his move from quantity surveying into fine art, explaining why a surveyor’s skills are so important in this area.
Incidentally, I hope to meet many readers at the RICS Commercial Property Conference 2017. I also urge all members to add their voice to the second-stage pathways and competencies review covered in this issue, before 6 October.
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