Land Markets 3rd ed and
Crowdsourcing research get official RICS launch
Over 80 industry experts, senior RICS
members and related professionals attended the launch of the new 3rd
edition Land Markets research and Crowdsourcing outputs. The new 3rd edition of 'Land Markets' focuses on the markets that
exist when and wherever it is possible to exchange rights in land for agreed
amounts of money or services rendered. Without an integrated and formalised real
property system, a modern economy is not viable since the ability to create
national wealth is severely restricted. An efficient land market underpins the
capacity of banks and other financial organisations to lend money and for
landowners to invest. The Land Markets and crowdsourcing outputs are
inextricably linked, with the former focused on the institutional, economic,
legal and social justice elements of real estate ownership and the latter on
the brave new world of open data access, technology and public engagement.
Indeed, the EU has very recently announced its own policy of ‘open
data’ access much in line with the recent
At the core of both
outputs is a focus on ‘security of tenure’ issues and crowdsourcing
is a very viable option to help developing countries engage in creating
functioning land markets and for developed countries to bring real
‘depth’ to their property ownership and cadastral databases (an
internationally accepted term for a combined mapping, land registration and
property valuation system).
Social media and industry
press take up of both outputs has been excellent and RICS has been invited to
present to a global gathering of national agencies at
Director Land Group, Professional Groups and
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From:
Sarah Wheller
Sent: 13 December 2011 16:56
To:
Subject: RE: RICS Crowdsourcing
and land admin research goes live
Hi James,
I’m just finalising the running
order for This Week, so please could you let me know if you’ll be able to
send some info about the lecture/launch?
Many thanks,
Sarah
From:
Sarah Wheller On Behalf Of Communications
Mailbox
Sent: 09 December 2011 15:06
To:
Subject: RE: RICS Crowdsourcing
and land admin research goes live
Hi James,
We’d like to include a follow-up
piece in the next issue of This Week about last night’s lecture/launch.
Would you be able to supply some blurb
about what happened, who did what etc. please?
Best,
Sarah
From:
Sent: 18 November 2011 17:37
Subject: RICS Crowdsourcing and
land admin research goes live
A groundbreaking RICS research report investigates the
possibility of using crowdsourcing to improve land tenure security in poor communities
worldwide. Author Robin McLaren MRICS recently presented to an UN
‘Spider’ crowdsourcing invite only event in
Only 1.5 billion of the estimated 6 billion land parcels worldwide have land
rights formally registered in land administration systems. Many of the 1.1
billion slum dwellers and further billions living under social tenure systems
wake up every morning to the threat of eviction. These people are excluded from
any form of security of tenure: they are trapped in poverty. Increasing global
population and urbanisation is only going to turn this gap into a chasm.
A collaborative
research project from RICS and Know Edge explores one potential solution to
the security of tenure gap: establishing a partnership between land
professionals and citizens through 'crowdsourcing'. This would encourage
and support citizens to directly capture and maintain information about their
land rights. The research presents a vision of how this might be implemented
and investigates how the risks associated with this collaborative approach
could be managed.
Crowdsourcing
is a concept that uses the internet and online tools to get work done by
obtaining input from, and stimulating action by, citizen volunteers. It is
currently used to support scientific evidence-gathering and record events in
disaster management, such as witnessed in the recent
The
latest crowdsourcing
research sets a new standard for RICS output and has already been presented
at a number of United Nations' and other international events.
The
closing of the 'security-of-tenure gap' is of critical importance to the future
of the developing world and for global economic progress. Crowdsourcing,
combined with other UN-supported initiatives such as professional capacity
building, may be a real solution to this problem.
This
research also contains case studies from
Next Evening lecture
Annual
Christmas lecture
Thursday 8th Dec 2011, 17.30
for 18.00
Church House, Dean's Yard,
Robin McLaren FRICS, Prof Peter Dale OBE
FRICS
Title: Land Markets & the Modern
Economy 3rd edition launch and lecture
Synopsis: All living creatures need access
to food, water and shelter. We are all dependent on the land for our survival.
But who should own the land and how should access to it be controlled for the
benefit of all?
Some argue that governments should
determine who is allowed to own land. Others maintain that, although a
regulatory framework should be established by the state, the best way to
achieve the optimum form of land use is through the operation of free market
forces.
This lecture and paper looks at the
reasons why buying and selling rights in land are important, and suggests ways
in which the efficiency and effectiveness of land markets can be improved. The
3rd edition is fully updated to reflect the changing economics of
the world economy due in part to the financial crisis and the emergence of
global powers such as