Preparing a Red Book valuation

Anthony Banfield
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Anthony Banfield: Chartered Surveyor, Banfield Real Estate Solutions, UK

Journal of Building Survey, Appraisal & Valuation, 2021, vol. 9, issue 4, 330-344

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.

Keywords: RICS Valuation – Global Standards; Red Book; RICS registered valuers; Red Book valuation; global and national standards (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2021
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