RICS publishes Q3 2024 Global Performance Report

The latest Quarterly Global Performance report is now live and ready to download.

RICS’ Global Quarterly Performance reports are intended to give professionals, interested stakeholders, governing council and employees a high-level overview of the organisation’s operational performance every three months. They are an important element of our commitment to transparency, supplementing annual opportunities to hear about RICS’ performance including the Annual Review and AGM.

This report covers RICS’ performance from July to September 2024. It highlights our progress towards strategic objectives, developments on standards, thought leadership, membership and corporate performance.

This quarter, we saw a diverse pool of candidates standing for election to RICS Governing Council and a significant increase in applications, indicating that members are more engaged.

Throughout Q3, we have strengthened our leadership by appointing 18 new members across various regional boards ensuring diverse perspectives and expertise to drive strategic goals.

Other major milestones included the RICS delegation taking part in Climate Week NYC advocating for our sustainability solutions and standards, further positioning RICS as a global leader in this space.

Member Engagement activity

During the third quarter of 2024, we continued to make significant strides in enhancing member value and engagement. As we proceed with the implementation of our strategic initiatives, we remain attentive to member feedback and committed to maintaining high standards of service to our members.

Member engagement roundup:

• 1,019 participants at member-led webinars
• 3,304 attendees at face-to-face member-led events
• 1,064 attendees at regional conferences

Regional member engagement highlights:

UK and Ireland (UK&I):

Wales:  At the Shaping the Future Event, members contributed to insightful feedback helping shape the future of RICS in the region.

West Midlands: The Financing Regeneration Discussion, a partnership event with the Investment Property Forum, featured industry leaders on public–private partnerships in regeneration.

Northern Ireland: The annual conference ‘The evolving landscape conquering challenges together’ attracted over 130 delegates, with 20 expert speakers, 11 special guests and nine sponsors supporting the day. Topics covered included the regional economy, the future of offshore renewable energy, the EnergyCloud initiative, managing stranded assets, and the role of AI in transforming the practice of quantity surveying.

APAC:

Greater China: A series of site tours, seminars and networking events provided young professionals with a platform to engage directly with senior government representatives.

Australia and New Zealand (ANZ): Members across major cities participated in continuing professional development and networking events, with notable success in collaborating with local organisations.

Southeast Asia: RICS held events in Singapore and Malaysia as well as a regional webinar that connected members across Southeast Asia and Japan.

South Asia: RICS President Tina Paillet’s participated in the India CRE and FM Conference and celebrated the winners of the RICS South Asia Awards. The event also reflected a positive shift towards greater inclusivity and leadership in the region, with increased participation from professionals across the industry.

Europe:

France: the Universités d’été d’expertises engaged 135 real estate professionals, focusing on key topics like valuation and environmental, social and governance (ESG) data.

Netherlands: The RICS Netherlands Valuation Conference attracted 100 professionals and delved into the future of valuation and the role of artificial intelligence (AI) and technology.

Americas: Chapter-led events launched in Toronto and Vancouver with active participation from both new and long-standing members. Vancouver also hosted monthly assessment of professional competence (APC) study groups for candidates.

Middle East & Africa (MEA):

Zambia: RICS joined vibrant Africa Real Estate Society conference, an event that brought together professionals from over 20 countries.

Kenya: RICS hosted its inaugural East Africa Regional Advisory Board meeting in Nairobi, attended by 55 members. This event aid the groundwork for future networking and collaboration across the region.

For further insights on thought leadership, professional practice, regulation and many more of RICS’ operational and financial performance this quarter, download the full report to get more details.