RICS is aware that the market, practice and regulatory landscape surrounding medical premises is likely to have changed since the publication of this guidance in 2010. We are currently in the process of reviewing it (please email standards@rics.org if you would like to get involved with this). 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') and Rules of Conduct.
This guidance note is concerned with the valuation of surgery premises, including all medical centres and surgeries occupied by doctors and other similar practitioners for medical or health services. It does not apply to valuations carried out under statutory provisions, or to private healthcare properties such as nursing or residential care homes. However, some of the considerations covered may be relevant to such properties.
This guidance note has been written specifically with regard to the position in England. The valuation approach is essentially the same in Wales, and Scotland, but where there are differences they are noted where they occur.
Published date: 20 September 2010