RICS Red Book Valuations

---

Red Book valuations, also known as RICS (Royal Institution of Chartered Surveyors) valuations, are a gold standard in the field of property valuation. They are conducted in accordance with the RICS Valuation – Global Standards, commonly referred to as the "Red Book." These are not to be confused with a ‘market appraisal’, which is an informal opinion on a suitable guide price for a property, typically provided by estate agents in the hope of being instructed to sell a property.

There are a number of reasons why a Red Book Valuation would be required, including for:

Selling a property under a Shared Ownership scheme

Repayment of a Help to Buy Equity Loan

Tax purposes including capital gains, probate or general tax planning

Transferring assets into a SIPP pension fund

Divorce or other legal disputes

Financial reporting and loan security

Red Book valuations are carried out by a RICS Registered Valuer. These valuers adhere to strict ethical and professional standards set forth by RICS, including independence, objectivity, and impartiality. The credibility and reliability of Red Book valuations make them essential tools for making informed decisions and mitigating risks in property transactions and investments.