Building value from knowledge

The Red Book Global and UK valuation standards are effective from 30 March 2012. For valuation standards application prior to that date, see the Red Book archive.

This edition of the Red Book incorporates a number of changes to the existing standards to make them fully compliant with the International Valuation Standards (IVS). Published in July 2011 and taking effect from 1 January 2012, the IVS is adopted and, in some instances, supplemented by the RICS standards. The IVS 2011 is reproduced in its entirety as an annex.

These standards set out procedural rules and guidance for valuers in the conduct of most types of valuation instructions. They set a framework for best practice in the execution and delivery of valuations for different purposes, but do not instruct valuers on how to value in individual cases. For best practice advice on how to value in individual cases please visit isurv Valuation.

• Red Book, 5th edition effective 1 May 2003 (including amendments)
• Red Book, 6th edition effective 1 January 2008 - English (including amendments)
• Red Book, 6th edition effective 1 January 2008 - Translations
• Red Book, 7th edition effective 2 May 2011
• Red Book, 7th edition Global and India, effective 2 May 2011
• Red Book, 7th edition Global, effective 2 May 2011

Related guidance notes and information papers are also available.

If you need to find out what the relevant guidance was at a particular time, try the handy standards archive tool.

Red Book changes

Bases of valuation

Market value

Code of measuring practice

Market rent

Valuation calculations