Land, property and construction industry – 70% of total world wealth

The Royal institution of Chartered surveyors of United Kingdom, whose headquarters is in London, in conjunction with the United Nations , headquartered in new York, addressed to the representatives of the owners of the land, building sector and real estate agencies , with an appeal to combine efforts in ensuring the stable operation of the business connected with real estate.

All participants in the global property market and construction sector , said in the appeal, it is necessary to focus on four main objectives: human rights, the standards of labour law, the environment and anti-corruption issues. Also, it is proposed to select the most relevant challenges facing the sector of the global real estate market.

Land, property and construction industry is about 70% of total world wealth. These three sectors produce 10% of the world’s gross domestic product and provide about 7% of employment in the global labour market. Land, property and construction sectors have a huge impact on the world economy, the environment and on people’s lives.

Stability , transparency and responsibility – the Foundation of its prosperity, attraction of investments and innovative technologies. In turn, such processes contribute to the revitalization of the economy and stabilization of domestic markets in each country.

In the joint report of the organisation has a common strategy for global sectors real estate and construction , ranging from planning, design and construction and ending with putting into operation. The report was the result of two years of joint work, the global real estate community, bringing together more than 100,000 people in and 146 organizations in different countries.

The main objective of the report is to set standards for responsible and sustainable business, because the responsibility and stability in these markets – the key to the stability of the economy as a whole.

® Helen Entree. 06.07.2015

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