With an estimated 70% of global wealth held in land and property assets, the standards that RICS valuers work to play a critical role in supporting markets by creating consistency and transparency.
RICS has commissioned an independent review of valuation practices to make recommendations in respect of real estate investment valuations.
AREF Member Round-table Event - 17 March 2021
To help members with their individual responses, we have organised this roundtable with the RICS, in order for them to outline the scope of the review and for members to ask questions and make preliminary responses.
For more details and to book, click here.
The review will examine the way valuations of property assets for investment purposes are conducted and make recommendations to ensure valuation practices remain robust and fit for purpose thus underpinning the foundation for confident markets.
It will gather evidence from a range of sources on:
- Valuation methodology;
- Property risk analysis;
- Independence and objectivity;
- Measuring confidence.
RICS welcome feedback from RICS professionals, stakeholders and consumers for the call for evidence on the four key areas of the review set out by 31 March 2021. Find out more on the RICS website.