RICS Valuation – Global Standards 2017

RICS Valuation – Global Standards 2017

The new edition of the Red Book – the RICS Valuation – Global Standards 2017 - takes effect from 1 July 2017, the same date as the IVS 2017 (which published earlier this year).

The accompanying Basis for Conclusions, also published here, explains the rationale behind the more significant changes made in the final version of the Red Book 2017. Specifically, it addresses the main refinements made in consequence of the responses received to the public consultation. It has been produced purely to assist the reader and does not form part of the standards.

Any members who downloaded the advance copy released on 6 June 2017 (prior to final publication checks) are advised that no substantive changes have been made in this final version.

Although Red Book 2017 is effective from 1 July 2017, the 2014 edition will be available for a short period after that for reference purposes for valuers completing pre-1 July 2017 valuations.

For a summary of key changes see the video.

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