Global delusions

Article Abstract:

Globalisation of chartered surveying services may not be the best move for a company or its clients. Some chartered surveyors are planning to merge with foreign companies in order to take advantage of the global market. Many industries, such as investment banking, find global expansion is necessary but in real estate a locally known name is often preferred by customers. Even the large pension funds require accurate information of local property conditions rather than a global view. Linking up with a US real estate company will not necessarily result in easier access to capital.

International economic relations

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Losing ground to the outsiders

Article Abstract:

Surveyors are missing out on property development projects such as those involved in the Private Finance Initiative. Accountants are often consulted by clients for advice on property investment as part of their overall investment plans, in preference to using surveyors. Surveyors must address the issue by ensuring that prospective clients are aware of their expertise in property matters. They must be also willing to work with other professionals to provide the best possible service to the client.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Investment advice, Investment Advisory Services, Investment advisers, Accountants

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No justification for ignorance

Article Abstract:

Property professionals in the UK are not providing their clients with full information on capital allowances in property transactions. Advice on capital allowances is often omitted through ignorance and a lack of understanding of their importance. Governing bodies for property consultants should ensure their members are fully updated on current practices. A client may lose tax relief if correct advice is not given at the right time during property negotiations.

Public Finance Activities, Property Taxes, United Kingdom, Taxation, Property acquisition

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