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The Contractor's Basis of Valuation for Rating Purposes, 2nd edition

This guidance note is intended to be applicable for Contractor’s Basis rating valuations effective from 1 April 2017 and thereafter. The purpose of this guidance note is to aid the understanding of the Contractor’s Basis for the g...
Valuation of Land for Affordable Housing, 2nd edition

This guidance note aims to assist practitioners in the approach to the valuation of affordable housing development land. The focus is on the valuation of land for housing and flats but the principles are broadly adaptable for othe...
Service Charge Residential Management Code, 3rd Edition

This Code, now in its third edition, has been approved by the Secretary of State and is effective from 1 June 2016. It applies only to residential leasehold properties in England but practitioners operating in other parts of the U...
Residential Panel Managers, 1st edition

This protocol has been jointly set up and endorsed by an industry wide group comprising representatives of RICS, lenders, insurers and panel management firms involved in the residential mortgage valuation market.
Capital and Rental Valuation of Public Houses, Bars, Restaurants and Nightclubs in England and Wales, 1st edition

Written in relation to property in England and Wales, this note offers detailed guidance on the capital and rental valuation of public houses, bars, restaurants and nightclubs.
Valuation of Development Land, 1st edition

This paper discusses the valuation of property where the proposed development is of a cleared or greenfield site, or where all existing buildings on a site will be removed in order to construct new ones.
Valuation of Woodlands, 1st edition

Aiming to assist valuers, this guidance highlights the main factors that impact the market value of woodlands and addresses some of the more complex issues that might arise in the assessment of such an asset.
Rating Appeals, 4th edition - no longer current

This guidance note provides an outline of the rating appeal system in England and Wales, describing the various processes involved in making a proposal to alter a rating list.
Bank Lending Valuations and Mortgage Lending Value, 1st edition

This guidance note is primarily directed at those providing valuation services within or subject to EU jurisdictions for bank-lending purposes, in particular where the provision of a mortgage lending value (MLV) is requested.
Sector Standards 15 Nov 2018
What’s new in the Red Book supplement

Now more than ever, appropriate valuation standards and their effective regulation are vital to promote and sustain public confidence and trust in the valuation process.
Surveying Assets in the Built Environment, 1st edition

This guidance note provides a professional practitioner or individual commissioned to undertake a survey with outlined guidance on fulfilling elements of a client's brief, along with unique aspects arising from the myriad of asset...
Leasehold Reform in England and Wales, 3rd edition

The purpose of this guidance note is to assist the valuer in the provision of leasehold reform valuation advice whether they are acting for the freeholder (landlord), intermediate landlord or tenant.
Discounted Cash Flow for Commercial Property Investments, 1st edition

This guidance focuses on discounted cash flow valuation in the particular context of commercial property investments.
Rating Consultancy Code of Practice, 4th edition

This code of practice has been jointly adopted by the Royal Institution of Chartered Surveyors (RICS), the Institute of Revenues, Rating and Valuation (IRRV) and the Rating Surveyors’ Association (RSA).
Farm Stocktaking Valuations, 2nd edition

This guidance note draws professionals’ attention to specific issues that arise in farm stocktaking valuations, for inclusion in financial statements that are prepared in accordance with UK GAAP.
Retention, 1st edition

This guidance examines the general principles of retention, including law, reasons for introduction within a contract, levels of retention, and how amounts are deducted, certified or released.
Depreciated replacement cost method of valuation for financial reporting

The purpose of this UK guidance note is to draw attention to matters relevant to the use of the depreciated replacement cost (DRC) method of valuation.
Valuing Residential Property Purpose Built for Renting

This guidance note gives guidance on the general approach to valuation that should be adopted for the build-to-rent part of the residential investment sector and recognises that – reflecting market practice – the principal basis s...