Surveying industry faces alarming skills shortage, says RICS
Original Article Summary
The Royal Institution of Chartered Surveyors has released a first-of-its-kind surveying skills report which measures the state of skills in the surveying profession
PropMatch Curated Analysis
RICS reports critical shortage of surveyors with 90% saying their work is affected, particularly in building and quantity surveying essential for housing delivery. This is driving up costs, slowing projects, and limiting capacity across the residential property sector.
Investor Relevance
Skills shortages in surveying will directly increase development costs, extend project timelines, and create bottlenecks in planning and building processes. Investors should factor higher professional fees and longer delivery schedules into project planning and financial modelling.
Original Source:
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