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Preparing a Red Book valuation

Author

Listed:
  • Banfield, Anthony

    (Chartered Surveyor, Banfield Real Estate Solutions, UK)

Abstract

The ‘RICS Valuation – Global Standards, effective from 31st January 2020’, or ‘Red Book’ as it is colloquially known, sets out the procedures that must be followed by RICS registered valuers when carrying out valuations. Although there is no formal definition of a ‘Red Book valuation’, it is generally accepted to refer to a valuation in compliance with the current Red Book mandatory requirements. This paper sets out the basic requirements for producing a ‘Red Book valuation’. The reader should also refer to the Red Book, both global and national standards, for further details of requirements.

Suggested Citation

  • Banfield, Anthony, 2021. "Preparing a Red Book valuation," Journal of Building Survey, Appraisal & Valuation, Henry Stewart Publications, vol. 9(4), pages 330-344, March.
    • Handle: RePEc:aza:jbsav0:y:2021:v:9:i:4:p:330-344
    as

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    More about this item

    Keywords

    RICS Valuation – Global Standards; Red Book; RICS registered valuers; Red Book valuation; global and national standards;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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