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Red Book

RICS Valuation - Professional Standards (the 'Red Book') contains mandatory rules, best practice guidance and related commentary for all members undertaking asset valuations.

Depreciated replacement cost method of valuation for financial reporting

The purpose of this UK guidance note is to draw attention to matters relevant to the use of the depreciated replacement cost (DRC) method of valuation.

News & opinion 15 Nov 2018

What’s new in the Red Book supplement

Now more than ever, appropriate valuation standards and their effective regulation are vital to promote and sustain public confidence and trust in the valuation process.

Red Book UK Supplement – Call for Views

We’d love your feedback on general and technical updates, as well as those relating to the Valuation Review recommendations.

News & opinion 1 Oct 2019

"Material uncertainty" in valuation

Red Book considerations following FCA rule changes.

Valuer registration

With uncertainty in the wider economic environment, it’s increasingly important that clients trust the professional advice that they receive from our members and firms. The independent quality assurance process of valuer registrat...

Valuation of rural property, 3rd edition

This guidance is primarily intended to remind registered valuers of matters that should be considered when completing a valuation of rural property.

Red Book UK National Supplement

Since June 2015 the UK and global portions of the RICS Red Book have been issued separately.

Red Book Global

The latest edition of RICS Valuation, Global Standards ('Red Book Global') will take effect on 31 January 2022, the same date as the latest edition of IVS will be published.

News & opinion 13 Aug 2019

Takeover Code: updated Rule 29 for asset valuation

The Takeover Panel have published changes to Rule 29 for asset valuation.

Press release 11 Apr 2022

RICS moves forward with Valuation Review implementation

RICS Standards and Regulation Board (SRB) member Richard Waterhouse has been appointed to lead a dedicated committee, reporting to SRB, charged with implementing the Valuation Review’s recommendations

News & opinion 30 Aug 2022

Working with you to progress valuation review recommendations

The review was commissioned by the RICS Standards and Regulation Board (SRB) to future-proof practices in the public interest, and the SRB accepted all 13 recommendations.

RICS Valuation - Global Standards

Purchase copies of RICS Valuation Global & UK standards and related guidance.

Why use an RICS registered valuer?

Valuations underpin nearly every financial decision we make – from home mortgages and investments to corporate finance transactions, assessment of company accounts and stock exchange listings.

News & opinion 28 Mar 2022

Developing a digital framework supporting IVS and RICS Redbook

What are the benefits of using standards such as the International Valuation Standards (IVS) and the RICS Red Book to support application development?

Valuation 9 Oct 2019

Valuation of development property

The aim of this guidance note is to guide the valuer in the approach to development property valuations.

Valuer Registration Assessment

RICS Valuer Registration is a monitoring programme for all RICS professionals undertaking valuations in accordance with RICS Valuation Standards – the ‘Red Book’.

News & opinion 28 Mar 2022

Consideration of Material Valuation Uncertainty

RICS has received insight from leading UK investment valuation stakeholders that material valuation uncertainty declarations are being considered and, in some cases, applied for a number of residential ground rent investment asset...

News & opinion 7 Oct 2021

Global ESG guidance for valuation – a practical approach

Over the last few months RICS has been laying the groundwork for a new Global Guidance Note: Sustainability and ESG in commercial property valuation and strategic advice.

COVID-19 News 19 Mar 2020

Valuation Notification - COVID-19 (Coronavirus)

Important information on the impact of COVID-19 for RICS Regulated Members.

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Red Book

Depreciated replacement cost method of valuation for financial reporting

What’s new in the Red Book supplement

Red Book UK Supplement – Call for Views

"Material uncertainty" in valuation

Valuer registration

Valuation of rural property, 3rd edition

Red Book UK National Supplement

Red Book Global

Takeover Code: updated Rule 29 for asset valuation

RICS moves forward with Valuation Review implementation

Working with you to progress valuation review recommendations

RICS Valuation - Global Standards

Why use an RICS registered valuer?

Developing a digital framework supporting IVS and RICS Redbook

Valuation of development property

Valuer Registration Assessment

Consideration of Material Valuation Uncertainty

Global ESG guidance for valuation – a practical approach

Valuation Notification - COVID-19 (Coronavirus)