Looking at the evolution of the modern office from cubicles with typewriters and filo faxes through the age of electronics coming in, the integration of the sexes in the workplace and then today a more flexible approach, hot-desking and virtual offices.
Continue reading The Evolution of the Modern OfficeWritten By Danass Maddison
Currently, the government uses the system based on the Town and Country Planning Act 1947. The act calls for local authorities to prepare local plans setting out proposals for the use and development of land within their area, showing an ability to meet the housing demand.
Continue reading UK Government – planning for the future
The Science View on Valuation
Estimating Property Values in Times of Significant Uncertainty
In times of Covid-19 pandemic, property market or fair values are harder than ever to estimate. Valuers desperately trying to find enough ‘evidence’, but property is an illiquid asset by definition and as such, transactional evidence disappears during periods of market unrest.
So, what can property valuers do in times of market uncertainty?
The International Valuation Standards Council (IVSC), whose standards have been adopted by the ‘RICS Red Book’, issued a letter in March 2020 with the title ‘Dealing with valuation uncertainty at times of market unrest’[1]. Their advice was mainly based on three points:
As a valuer, Continue reading Valuation in crisis – Art versus Science – The Science View
The Art View on Valuation
The life of a valuer is pretty tough at the best of times, even with the benefit of good comparable evidence. This is because valuers are carrying out transaction analysis in the most imperfect market that exists. This is why valuation is often described as both an art and a science.
Before a valuer starts to worry about the valuation methodology and analysis, the basis of value needs to be defined, this represents the fundamental measurement assumptions of the valuation. For the purposes of this article, I will focus on the most common basis of value, market value.
Market value
This is defined by Valuation Practice Statement 4 in the RICS Valuation Global Standards 2020 as: Continue reading Valuation in crisis– Art versus Science – The Art View
In order to halt the rapid spread of Covid -19 and to try and ease the pressure on the strained NHS, we, as a country have to stay at home, to work, rest and play.
Cambridge Finance have launched online courses to continue giving you the skills and knowledge you need to better deliver your job; we were committed to this ethos before and now more than ever. We truly believe that we must keep our industry going, so we can all come out of this phase better than we were ever before.
We are however mindful that virtual learning comes with its challenges: we will not be able to replace the face-to-face rapport, it will take longer to explain the complex subject of real estate financial modelling in simple terms, and bad jokes will not make as much sense as they would in the classroom. We also understand that with schools and nurseries closures, you may be facing extra childcare responsibilities on top of trying to keep things going at work and learning new skills.
With all that in mind, the online solution will entail more CPD hours and will comprise of shorter sessions of 4 hours each with regular short breaks in order to maintain focus.
We have the following on offer as online courses: Continue reading Online Courses Launched
Cambridge Finance are committed to safeguarding the health and wellbeing of our delegates and trainers whilst we ensure the continuous delivery of the high quality and engaging real estate training.
We are following government guidelines carefully and will change our policies accordingly. Continue reading Coronavirus (COVID-19) Update to our clients 20 March 2020