This RICS national association valuation standard covers the application of the Red Book in Portugal. It is provided in both English and Portuguese.

RICS publishes, separately from the RICS Valuation – Professional Standards global (the ‘Red Book’), a number of RICS national association valuation standards and national guidance material. They are designed to cover specific statutory or regulatory requirements in local jurisdictions, while being consistent with relevant international standards.

This professional statement covers:

  • PTPS 1: Compliance with Law no. 153/2015 of 14 September – Property Valuation Experts (Peritos Avaliadores de Imóveis – PAIs)
  • PTPS 2: Guidelines for RICS members who perform valuations in Portugal.



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