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News & opinion

30 JAN 2019

Valuation of development land: have your say

We invite comments on a new draft guidance note – Valuation of development land.

The aim of this guidance note is to assist the valuer in their approach to development property valuations. Development property valuations are often complex, have a potentially high variation and incorporate optionality.

The principles set out in this guidance note apply to all valuations of development property and should be read in conjunction with RICS Valuation – Global Standards 2017 (the Red Book) – incorporating the International Valuation Standards (IVS) 2017, in particular IVS 410 Development Property – and RICS Valuation – Global Standards 2017 – UK national supplement. The guidance will supplement IVS 410 with the aim of addressing in more detail its most pressing issues in order to facilitate the practical implementation of IVS 410.

Read and respond to the consultation by midnight on Monday 4th March 2019.