Property Market Analysis

Addressing rising costs is vital to owners’ management companies

Companies in all sectors are grappling with inflation, including the crucial function of setting budgets. OMCs are no different and, as Finbar McDonnell writes, getting their budget right for 2023 will be key

Inflation and the rising cost of energy, insurance, wages, building materials, professional fees and new services such as electric vehicle charging points means getting the annual budget right is crucial for Owners’ Management Companies