Professor Neil Crosby awarded the European Real Estate Society’s Achievement Award
3 July 2014
Neil Crosby, Real Estate & Planning's Professor of Real Estate, has been awarded the European Real Estate Society’s Achievement Award for 2014 at their conference in Bucharest.
Professor Neil Crosby of the University’s School of Real Estate & Planning has been awarded the European Real Estate Society’s Achievement Award for 2014. The award was made at the ERES annual conference in Bucharest; the conference is the largest single gathering of real estate academics and research based industry practitioners in the world. The award recognises Neil's long contribution to research, teaching and learning and professional development in the field of commercial property valuation and appraisal.
Earlier in the conference, had delivered the conference keynote address. He address highlighted the failure of the banking industry in the UK to recognise the role that commercial real estate valuation might play in the regulatory response to the financial crash and banking crisis. The UK Independent Commission on Banking was quick to blame excessive lending secured on property as a cause of the crisis but equally quick to ignore it as part of the solution. Professor Crosby concluded that a repeat sometime in the 2020s was inevitable unless the bankers changed their approach to regulating themselves.