Commercial Property Price Register

Commercial Property Price Register

Introduction to the Register

Members who are engaged in Commercial agency and professional services have reported to the SCSI about difficulties in obtaining verifiable information  relating to commercial property transactions  which would assist them in providing  clients with up-to-date , sales and rental information which can be used in providing clients  with accurate market appraisal and valuation advice in keeping with the highest professional standards which SCSI/RICS members strive to provide clients in their day to day practice.

To assist members, the SCSI has therefore taken steps to provide a member’s platform for recording high level transactional information relating to commercial sales with this challenge.

The SCSI has developed a Register where members can quickly and simply insert a level of basic transactional data relating to the transaction while also providing contact details of the retained agent to assist with any follow-up if required regarding the transaction.

Paul McElearney of QRE who chaired the working group for the Register believes:

“A key component in providing clients with up-to-date advice on value and rents is the availability of market evidence gained for completed sales and lettings which are comparable, the availability of such information is key component in providing accurate advice to clients."

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The SCSI has developed a Register where members can quickly and simply insert a level of basic transactional data relating to the transaction while also providing contact details of the retained agent to assist with any follow-up if required regarding the transaction.

SCSI intends to roll-out the SCSI Commercial Tractional Register to relevant members in the Northeast and Southeast regions initially, with a wider roll-out planned in the New Year.

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