“有形资产和无形资产的评估是全球资本市场和房地产市场的重要组成部分。根据IVS 2017更新的红皮书将更好的RICS估价专业人士，并给予需要评估服务的客户更大的信心。我们邀请并鼓励估价师、房地产公司和行业合作伙伴一起参与公开征询。RICS资产评估的专业人士始终保持在国际标准前沿，确保估价标准的一致性和准确性。” -Ben Elder, Global Valuation Standards Director, Professional Groups
RICS valuation professionals invited to share expertise on Red Book 2017
- RICS valuation professionals encouraged to shape Red Book 2017
- Update in line with International Valuation Standards 2017
- RICS Professionals at the forefront of internationally benchmarked, consistent and accurate valuations
Following the review of international valuation benchmarks, RICS is updating its RICS Valuation – Professional Standards, widely known as the “Red Book”.
The updated global edition, Red Book 2017 will reflect the comprehensive amendments in International Valuation Standards 2017 (IVS 2017)*, and incorporate recent developments in international standards on ethics and measurement. The update also includes technical changes and new guidance on Conflict of Interest that will apply to all RICS professionals.
It is therefore important that all RICS professionals who work in valuation share their insights and expertise to shape what will become the RICS Valuation – Global Standards 2017. They can do so by participating in a 6 week consultation from 20 February to 3 April 2017. See https://consultations.rics.org/consult.ti/
“Valuations of both tangible and intangible assets are an important part of global capital and real estate markets. Reviewing the RICS Red Book to reflect IVS 2017 will bolster RICS valuation professionals and give greater confidence to clients who request valuations. We invite and encourage valuers, property firms and industry partners to inform this process by participating in the public consultation. We want our professionals to be at the forefront of asset valuations that are internationally benchmarked, consistent and accurate.”
-Ben Elder, Global Valuation Standards Director, Professional Groups
Valuation, as a discipline, is a critical part of the global financial system and its stability. Valuations consist of a range of data that inform the investment decisions of governments, investors, lenders and providers of property services among others. From a public benefit point of view, valuations help consumers determine the value of some of the biggest personal investments they could make, such buying a home.
The RICS Red Book is mandatory for all RICS professionals working in valuation and aims to ensure that they deliver credible, transparent and high-quality reports.
Quotable quotes on the Red Book: What leaders in government, industry and service providers say
“The RICS Valuation – Professional Standards (the “Red Book”) is a global standard that aims to engender confidence in, and to provide assurance to, clients and recognised users alike, that the service has been undertaken to the highest professional standards. As a global service provider, CBRE is committed to making such services readily available to our clients, when requested.” CBRE
“We recognise that Red Book valuations are universally acknowledged as the gold standard of property valuation. We recommend that valuers value our portfolio by using the RICS Red Book approach and methods and we suggest valuers use RICS qualified professionals to carry out these valuations. At China Development Bank Capital, our endeavor is to achieve the highest standards of transparency and professionalism. Hence we recommend using Red Book and its methodologies.”- China Development Bank Capital
“As a FTSE250 investment and development company the valuation of our portfolio underpins the valuation of our business. GPE’s external valuers use the Red Book to value the Group’s properties twice a year. The Red Book brings consistency, objectivity and transparency to the valuation which is used to inform critical business decisions and provide assurance to our investors.” - Great Portland Estates
“As the world moves to common international standards for financial reporting and valuation, RICS valuation standards provide us with the combined confidence of compliance with IVS and a consistent benchmark of practice standards across markets”.- Ernst & Young LLP
‘It is essential that independent external valuations of our property are in accordance with RICS Valuation – Professional Standards (the 'Red Book'). This gives UK and overseas investors confidence and trust in the value of our property, ensuring liquidity in our shares. The Red Book valuation also allows funders greater certainty when assessing loans to the company. - Workspace Group plc