What's new?

Spring/summer 2021

Highlight

Author Joshua Askew has updated Commercial property: investment valuations to significantly expand the section on the discounted cash-flow method and explain the different methodologies for determining discount rates.

Updates

Hotels

Author David Harper has updated this section to include more information on the impact of COVID-19.

International property tax

This section has been updated with the latest changes in international property tax by author Steve Hile.

Offices

Author Kate Murphy has brought this section in line with current regulation and RICS standards and guidance, while offering advice on the impact of COVID-19 on the market.

Rating disputes

Author Charlie Wacher has updated this section to provide details of the steps the government has taken to limit the effect of the COVID-19 pandemic on disputes, with new material in Introduction to rating disputesCommon areas of dispute in rating and Common rating issues.

Residential owner-occupier transactions

New material has been added to this section regarding RICS guidance on cladding and the Building Safety Bill 2021.

Spas

The section on spas has been updated to include further information on the impact of COVID-19 on the sector.

Valuing real estate developments

This section has been updated thoroughly throughout, with specific focus on the comparable methodgross development value, profit and risk and discounted cash flows.


RICS initiatives

As a response to structural shifts in the market that have been accelerated by COVID-19, RICS has commissioned an independent review of real estate investment valuation practices. Read more and get involved in the process here.

iConsult

See iConsult for professional guidance drafts.