Mr Richard Petty

Richard Petty is the Head of UK Residential Valuation at JLL, with responsibility for all the residential valuation teams across the country.  

The Residential Valuation teams cover the full range of residential property and specialist sectors including affordable housing, prime residential, PRS, build-to-rent and strategic advisory work on residential portfolios.

The JLL Residential Valuation team is made up of over 110 specialist staff, based in nine cities: London, Bristol, Exeter, Birmingham, Nottingham, Manchester, Leeds, Newcastle and Edinburgh, together giving complete, national coverage.

Richard has some 38 years’ professional experience, with the last 29 years principally focussed on the affordable housing sector.  He and the JLL affordable housing team advise on all aspects of the valuation of affordable housing, acting for all the lenders in the sector and for over 300 RPs, large and small, including all members of the G15; as well as leading equity investors, private developers and local authorities.  The team values over one million affordable homes every year, reporting values well over £100bn; and advises on 500 or more sites every year.

The affordable housing practice also covers development advice, portfolio transactions, viability assessments and s.106 transactions.  Richard is a well-known speaker at housing conferences on valuation and property matters.

Outside JLL, Richard has over 25 years’ aggregate governance experience as a housing association board member.  He is currently a NED at Watford Community Housing Trust; a past Chair of Dolphin Living Limited, a small, not-for-profit RP providing housing for keyworkers in and around the City of Westminster; past Vice Chair of Anchor Hanover Group, the largest not-for-profit provider of retirement housing and care in the UK; and a past Chair of Richmond Housing Partnership, the stock transfer organisation in the London Borough of Richmond upon Thames.