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RICS
abbreviation for
- Royal Institution of Chartered Surveyors
Example Sentences
RICS, the Royal Institution of Chartered Surveyors, has also just launched a new retrofit standard for its members – essentially, it encourages surveyors with the appropriate training to offer their services to homeowners planning or undergoing a retrofit.
Fears among some landlords about stricter tax rules in the Budget, as well as greater protection for renters, have led some to sell up, according to Rics.
"Demand is consistently outstripping supply," said the president of Rics, Tina Paillet.
Simon Rubinsohn, chief economist at RICS, said pressure on buyers was extending to renters, who were also finding that supply was failing to match demand for property leases.
The availability of homes to rent has already been squeezed, so higher costs - as well as the Renters Reform Bill - is likely to continue that trend, according to RICS, which represents surveyors.
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