Current Issues In UK Property Valuations

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Contents

This video has been produced via Zoom in light of the Coronavirus restrictions

This presentation will provide a detailed overview of the changes in the UK Red Book National Supplement (effective from January 2019). The talk will provide guidance on how valuations should be reported to the client in accordance with the RICS Valuation – Global Standards 2017, specifically relating to commercial lending, financial reporting and Existing Use Value.

• Report Writing and the RICS Red Book – Practical implications
• The RICS Red Book – New section on valuation for commercial lending
• Valuation models – Long term assumptions and uncertainty for bank lending
• The RICS Red Book – Valuation for Financial Reporting
• The RICS Red Book – UK VPGA 6 (and 4) Existing Use Value

 

Learning Objectives

• An understanding of the role of the New Red Book (2020) and the UK Supplement from January 2020.
• An understanding of role of Property Valuations for commercial bank lending
• An appreciation of the concept of Long Term “value” and its application
• An appreciation of the significant changes to the investment property market due to MEES and the resulting impact on property values
• An understanding that valuers must only operate within their skills and competence

Speaker

NICK FRENCH

Real Estate Valuation Theurgy

Email: valuation@nickfrench.org.uk

Nick French is a recognised expert in the area of property valuation and appraisal. Previously, he has worked as a professor at various universities in the UK, Europe and the USA teaching extensively in the areas of valuation, investment and corporate real estate on BSc, MSc and MBA programmes.

In 2018, Nick set up Real Estate Valuation Theurgy, a vehicle that allows him to continue writing papers, presenting conference papers and undertaking in-house training for the real estate profession at home and abroad. His research interests concentrate upon the interface of property legislation and regulation and its impact on value and valuation models. In recent years, he has won the RICS Prize for the Best Paper in Valuation and the Appraisal and the Appraisal Journal Prize for the Best Paper in Appraisal at European Real Estate Society Conferences. In 2018, he was awarded a “Lifetime Achievement Award” by the International Real Estate Society.

Nick is the Editor of the Journal of Property Investment & Finance, the award winning academic international journal of the real estate industry. He also writes regularly for, the Journal of Property Investment & Finance, the Property Chronicle, the European Journal of Real Estate Research, the Journal of Corporate Real Estate and other professional and academic journals.

He is a member of the Royal Institution of Chartered Surveyors (RICS) and has regularly served on the various committees such as the UK Valuation Board and the Corporate Real Estate Strategy Group. He was also a member of the Professional Board of the International Valuation Standards Council (IVSC).