BidSpotter supports RICS Global Valuation Conference 2021
Leading with the theme of ‘Integrating vision and value – a new era for valuation’, this year’s RICS Global Valuation Conference, will assess the changes that have been accelerated in the industry as a result of the COVID-19 pandemic, and what’s still to come for valuers.
ATG COO, Richard Lewis, and Account Director, James Nickless-Allen, will be speaking on the second day of the conference, providing an update on how business and machinery asset sales have performed on auction marketplace BidSpotter in the last 12 months.
Commenting ahead of the event, Richard Lewis said, "There’s no question that the events of the past year have presented extraordinary challenges for auctioneers selling machine and business assets. However, on BidSpotter we have seen material increases in the value of machine and business assets with average lot values across categories increasing by as much as 14 per cent year-on-year. We have also seen material volumes of new bidders enter the market.
“We look forward to sharing more insights on these shifts, and how asset values have fared pre and post lockdown, at the conference. We will also be discussing with auctioneers what the future might hold and the changing profile of bidders.”
ATG is also pleased to announce that BidSpotter is sponsoring the event – which will be held virtually from 19-20 April – for the fourth year running.
James, Richard and the BidSpotter team will also be on hand at the BidSpotter virtual booth where they will be talking all things insolvency and asset disposal.
Hear James and Richard’s talk at 12pm on Tuesday 20 April. For more information on how you can be there, please click here.
About RICS Global Valuation Conference
An estimated 70% of global wealth is held in land and property assets (RICS, 2021), meaning valuations are arguably more important for investment in real estate than any other major asset class.
Although the COVID-19 pandemic incited extraordinary uncertainty across global markets, regeneration is on the horizon. With 2021 Global GDP growth forecast to be the fastest in 40 years (Oxford Economics, 2021) and real estate funds targeting almost $300 billion of investments, the valuation profession can emerge with new momentum.
But what change has been accelerated and what’s still to come for valuers?
From the first issue of RICS guidance on the valuation of assets in 1976, things look very different. The way value is determined and reported, the advancement of technology, new client expectations, the rise of sustainability and ESG demands, changing market and social behaviours, changes to global standards and legislation have all reshaped the profession.
As the changing role of the valuer continues, the profession must stay aligned with what’s to come. The Independent Review of Real Estate Investment Valuations will look to lead this alignment.
Aimed at over 30,000 valuation professionals, including 17,000 registered valuers across over 100 countries, the global conference analyses and envisages the new era of valuation. With world-leading content and speakers across the UK, Europe, Middle East & Africa, Americas and Asia Pacific, presenting key global and local content, valuers can collaborate like never before as the profession drives through change and prepares for a new future.