Valuation and Construction to Take Centre Stage in Montego Bay

MONTEGO BAY, Jamaica, Wednesday September 26, 2018 – As Caribbean governments race to modernize their economies, the challenges of accelerating business and capital formation continue.

And the Royal Institution of Chartered Surveyors (RICS) and International Property Tax Institute (IPTI) expect more than 120 international delegates at their Valuation and Construction Conference, at Iberostar Rose Hall Beach Hotel in Montego Bay, on October 25 and 26.

Delegates from across the Caribbean, North America, the United Kingdom and beyond will attend to discuss best practices and issues affecting the built environment in the region. This year, the opening keynote speaker will be the host country’s Minister without portfolio in the Ministry of Economic Growth and Job Creation, Daryl Vaz.

Among this year’s delegates, RICS President John Hughes FRICS will provide an international perspective on ethics and professional standards. Executive Managing Director of Real Capital Analytics Steve Williams FRICS will discuss the flow of global capital – using big data to track sources and targets. Director of RICS Land Group James Kavanagh FRICS will speak about land transfer standards.

Andrew Hetherton MRICS, Jr. Vice President of the Institute of Revenues, Rating and Valuation (IRRV), and other industry leaders will talk about important topics to the global and local markets, such as the impacts of hurricane Irma on the built environment and the game-changing International Construction Measurement Standards (ICMS) and their effects on the industry.

“One particular area of focus of the RICS is that of land governance,” says Eric Allen FRICS, Commissioner of Land Valuations at National Land Agency of Jamaica and RICS Caribbean Chair. “This is reflected in current efforts to establish International Land Standards (ILS), a topic much needed to be discussed in the region.”

Among the topics to be discussed is the impact of natural disasters on properties. Local experts will discuss the impact of hurricane Irma and the process of rebuilding. Speakers will also discuss the implementation of international standards and regulation both in the Caribbean and globally.

“RICS has kept a strong presence in the Caribbean promoting international standards enforced by our organization globally. We could not be happier to host this conference, again, with IPTI to bring together experts to share best practices in construction, measuring and managing real estate resources,” said Neil Shah, Managing Director, RICS in the Americas.

“In the Caribbean, property sales and development have a significant impact on nations’ Gross Domestic Product, employment, and foreign exchange inflows and therefore these are important discussions to have.”

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