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Commercial Property

Machinery is often sold separately during economic downturns Machinery is often sold separately during economic downturns

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Paul McNeive Opinion Economic slide reignites interest in plant and machinery auctions

After years of low activity, the plant and machinery market has come roaring back to life. This specialised sector of chartered surveying generally involves experts working alongside estate agency colleagues who are selling buildings. If a property or business cannot be sold as a going concern, then the building, and the plant and machinery are sold separately. The sector usually rebounds in periods of economic downturn, and the pandemic, rising interest rates and war in Ukraine have combined to spark insolvency in certain areas.

What does a surveyor do? Stock image What does a surveyor do? Stock image

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Paul McNeive Opinion Property professionals need to talk up the value of their trade and brand

With the Society of Chartered Surveyors Ireland (SCSI) forecasting a shortage of surveyors it is encouraging that an increasing proportion of women and people in other professions are opting for careers in property. Both of these factors are a welcome response to moves by the SCSI to broaden the pathways and access to the profession, such as Earn and Learn courses which allow students to continue to work, while studying.

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