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Procura

Residential

Residential

The Residential pathway covers residential property and housing management and development.

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. Occupation of residential property ranges from rental through intermediate forms of tenure, including shared ownership, through to full owner occupation. Given the importance of housing in society, all tenures are subject to a large number of social, economic, political, and legal dynamics.

Residential property’s use as an investment asset is growing rapidly. Direct investment is undertaken at all levels, ranging from large institutional investors through to private individuals. All residential markets depend upon property finance in some form or another. A wide variety of professionals support the residential property sector including agents, developers, investors, lenders, planners, property managers, surveyors, and valuers.

These are just some of the key professional figures that allow the housing market to operate smoothly. Most residential chartered surveyors specialise in one or more of these key areas.

Chartered surveyors working in housing management and development must have technical skills and a broad practical knowledge in all aspects of the social housing sector, including housing and affordability, decent homes standard, housing market renewal and home ownership schemes. Housing management and development surveyors are spread across the world and will be required to adjust their work to the specific housing policies and processes that apply at both a national, regional and local level.

Given the diverse nature of work undertaken, those operating in this market are subject to continual legislative, political, economic and social influences in their day-to-day activities. The client base ranges from public, private and voluntary sectors, which includes local government, public agencies, private major property companies, house builders and the general public.