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.
Key changes between 2015 and 2018 UK national supplements
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 local jurisdiction guide.
This jurisdiction guide examines each factor in its local context and highlights those that are likely to have a significant impact on the valuation of a property located in the country concerned.
For the downloads and information, see this page.