RICS

abbreviation

1. 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.

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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.

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"Demand is consistently outstripping supply," said the president of Rics, Tina Paillet.

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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.

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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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