The Royal Institution of Chartered Surveyors (RICS), the global governing body responsible for the quality assurance of over 118,000 real estate professionals, held its first networking event in Bratislava, Slovakia on 24th July. Hosted by senior RICS members active in the Central & Eastern Europe region, it attracted some 50 professionals from Austria, Hungary and Slovakia who heard about how RICS regulates the profession and sets standards as well as the benefits of the RICS membership.
RICS Europe board member Michael Smithing FRICS gave an overview of what RICS stands for and explained the benefits and value of membership. RICS Czech Republic board member Marcel Kolesar MRICS provided a summary of the different routes to membership. Finally, Cristina Dumitrache MRICS, Associate at Cushman & Wakefield gave an insight into how she qualified and Martin Balaz, Head of Industrial team at Cushman & Wakefield in the Czech Republic and Slovakia explained why he decided to pursue an RICS accredited degree.
“RICS – in response to local market trends – is looking at further expansion in the smaller markets of the Central & Eastern Europe region,” said Anna Orcsik, RICS Regional Manager.
“As RICS covers every aspect of the real estate discipline, including market sector trends, property and asset management, investment, financing, valuation, green issues and sustainability, urban planning, taxation, legal topics, and many more, we are well placed to provide training and support to all those professionals who are taking the next step to become part of a global network of property professionals holding a globally recognized membership,” Orcsik added.
„This was an excellent first event for RICS in Slovakia at a time when Slovakia is becoming increasingly important for international occupiers, investors and banks and when regulation and oversight is increasingly required. I would mention two significant recent initiatives directly impacting Slovak property, either pioneered or significantly strengthened by the work of RICS. Firstly, the new EU Directive on Mortgages requires that all EU banks follow internationally recognised valuation standards. The Directive specifically recommends the RICS „Red Book“ standards as fulfilling these criteria. Secondly, RICS has recently pioneered the International Property Measurement Standards which will bring a consistent method of property measurement for all buildings across all countries for the first time – of direct relevance for all users, financiers or owners of real estate,“ said Andrew Thompson MRICS, Managing Partner at Cushman & Wakefield in Slovakia.
„RICS standards are recognized by the clients worldwide and give them the comfort and the confidence with the services they will be provided by a member of this organization,” said Cristina Dumitrache MRICS from Cushman & Wakefield.