The latest edition of the Red Book, RICS Valuation - Global Standards 2017, took effect on 1 July 2017, the same date as the IVS 2017 published.
The accompanying Red Book 2017 (Global Edition) — A guide to key changes & basis of conclusions explains the rationale behind updates in the final version and highlights significant changes to ensure you can quickly identify what you must do differently to remain compliant. Specifically, it addresses the main refinements made in consequence of the responses received to the public consultation. It has been produced purely to assist the reader and does not form part of the standards.
Download the Red Book national supplement for Cyprus.
This guidance note is intended to address several market practices that may differ due to market peculiarities and also to cover any regulatory regime imposed by law, with the aim of clarifying potential 'grey areas' between the Red Book and the Cyprus law and/or standard practice.
Download the French translation of the Red Book 2017 and the Red Book national supplement for France.
The Red Book recognises that local statute, or regulation, may have specific requirements that expand the global standards. This guidance note covers mandatory application in France, where members must comply with the Charte de l'Expertise en Evaluation Immobilière, 2012 (the Charter), in addition to French regulations.
Download the German translation of the Red Book 2017 and the Red Book national supplement for Germany.
This guidance note is for RICS members active in Germany. It aims to facilitate application of the RICS valuation standards in Germany and demonstrate how the RICS valuation standards can be applied to German market conditions and the German legal system.
Download the Red Book national supplement for Greece.
This guidance note is intended to respond to the regulatory regime introduced by the government in 2013, with the aim of clarifying potential 'grey areas' between the RICS Valuation – Professional Standards January 2014 (the Red Book) and Greek law.
Download the Red Book national supplement for Hong Kong.
This guidance note provides assistance to RICS members on the application of the RICS Valuation – Global Standards 2017 (the Red Book) to valuations that have to be provided in compliance with the jurisdiction requirements in Hong Kong.
Download the Red Book national supplement for Poland.
This guidance note provides assistance to our members on the application of the RICS Valuation – Professional Standards January 2014 (the 'Red Book') to valuations that have to be provided in compliance with Polish law.
Download the Portuguese translation of the Red Book 2017 and the Red Book national supplement for Portugal.
Depending on the purpose for which it is intended, property valuation in Portugal may be subject to diverse local legislation and regulations that create specific rules. This professional statement covers the
application of the Red Book in Portugal.
Download the national Red Book supplement for Sweden (English language only).
This guidance note has been prepared primarily for financial reporting purposes, in order to comply with International Financial Reporting Standard 13 (IFRS 13), but also for reporting purposes to the IPD Sweden Annual Property Index.
Download the national Red Book supplement for Switzerland.
It provides local guidance for valuers who are undertaking valuations in Switzerland under the requirements of the Red Book (2014).
Since June 2015 the UK and global portions of the RICS Red Book have been issued separately.
Clarification on the relationship between Global Red Book 2017 and the UK national supplement.
As paragraph 4.3 of the RICS Valuation - Global Standards 2017 explains, for a number of jurisdictions RICS publishes national supplements to the Red Book global standards to assist members in the application of those standards in a local context.
The UK national supplement augments the Global Red Book for valuations that are subject to UK jurisdiction. The latest edition published on 14 November is effective for valuations where the valuation date is on or after 14 January 2019. The previous edition is effective for valuations where the valuation date is on or after 6 January 2014 (with certain elements effective from 1 January 2015) but before 14 January 2019.
The changes introduced in the 2018 UK national supplement (effective from 14 January 2019) are described in the separately published Basis for conclusions document, and also summarised at pages 138 – 140 in the Supplement itself.
Download the Red Book national supplement for the US.
This guidance note provides assistance to RICS members on the application of the Red Book 2012 to valuations that have to be provided in compliance with US jurisdiction.
11 July 2018
8 May 2018
18 December 2017