Valuers are reminded that they need to be aware of the latest market, regulatory and legal position prior to undertaking work related to this area and should always undertake valuation work in accordance with the overarching RICS Valuation - Global Standards (Red Book Global Standards) and Rules of Conduct.
Health is a key matter of public interest and a large and growing sector of the economy. This updated professional standard will help RICS valuation professionals provide sound, contemporary advice in this area.
This professional standard is concerned with the valuation of medical centres and surgeries occupied by doctors and other similar practitioners for medical or health services in the UK. It is aimed at supporting the practice, knowledge and performance of RICS members and RICS-regulated firms working across the medical centre and surgery premises sector, as well as other industry stakeholders, including the NHS, investors, developers, lenders, legal experts, and other professionals with an interest in the primary care health sector.
This standard will enable surveyors to learn about common approaches and benchmarks across the medical centre and surgery premises sector. It will also assist professionals working in this sector in helping build efficient and consistent practice in the valuation of these premises.
Published date: 15 May 2025
Published date: 15 May 2025
