PROPERTY VALUATION: UNCERTAINTY AND CHALLENGES

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PROPERTY VALUATION: UNCERTAINTY AND CHALLENGES 

The last few months have highlighted the importance of transparency and quality assurance in providing valuations to clients. The effect of the measures to combat covid 19 had an unprecedented impact on the UK property market and, in particular, property valuations. Fortunately, the Red Book (RICS Valuation – Global Standards 2017 and UK National Supplement) proved robust enough to ensure that valuation reports could be appropriate and proportionate even in a market with few or no comparables. This talk will provide guidance on definitions and procedures along with highlighting issues which have taken a back-seat during the lockdown and new-normal.

• Valuation Uncertainty and Material Uncertainty
• Market Value vs Worth (Investment Value)
• Report Writing and the RICS Red Book – Practical implications
• Comparables and Market Sentiment – a balanced viewpoint
• Valuation models – long term assumptions in an uncertain world
• MEES and Commercial Property Values

Nick French, Real Estate Valuation Theurgy, Property Education