Prior to the Select Committee Hearing (Barrel Dregs)

By | March 1, 2009

Barrel-dregs 3

Prior to the Select Committee Hearing (Barrel Dregs)

An interesting piece of information has just been passed to me, the person who chaired the RICS Valuation Committee that established the present method of rent valuation for pubs, which I and a number of others including members of the RICS consider to be seriously in question, has stood aside and let another member face the Select Committee, smart move on his part and lamb to the slaughter for his successor comes to mind, we will see.
It could mean that all those Pub Co surveyors or ones that acted for Pub Co’s who served on the committee might appreciate a large hole opening up and vanishing from sight for a while or maybe a change of career.
Certainly some of the supposed eminent rent valuers are questioning the current method used as being unsuitable, to put it mildly.
Anything that assesses a rent that is not based on viability is going to cause hardship to an endless amount of people, even more so in a recession.

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