Document downloads - Residential owner-occupier transactions
Available downloads
-
Code of measuring practice
Published: September 2007
Reinstated: 23 January 2018
Effective from: 23 January 2018
Code of measuring practice, 6th edition was reinstated on 23 January 2018 after publication of RICS property measurement, 2nd edition.
The 6th edition of the code became effective globally from 18 May 2015 when it was incorporated into the first professional statement, that for offices. -
Reinstatement cost assessment of buildings
Published February 2018
Effective from 1 June 2018
Reissued June 2024
This publication is intended as a guide for surveyors who carry out reinstatement cost assessments of buildings.
The professional standard provides detailed recommendations on: the manner in which assessments should be approached, the nature and extent of the information to be collated, the manner in which this information should be processed and how the assessment should be calculated and submitted.
This document was reissued in June 2024 as a professional standard. It had previously been published in February 2018 as a guidance note. The regulatory requirements remain the same and no material changes have been made to the document. -
Valuation of individual new-build homes
Published December 2019
Effective from 2 December 2019
Reissued May 2023
The valuation of residential property for mortgage purposes is well understood, but the new-build sector is constantly evolving and becoming increasingly complex.
The aim of this professional standard is to assist RICS members in achieving a consistent approach to the valuation of new-build property. It is specifically for use in the UK, however, RICS members and RICS regulated firms in other countries may find the processes of valuation discussed helpful and adaptable to their local circumstances.
This document applies to all property that falls under the definition of ‘new-build’. This includes both property that has yet to be owned for the first time, and properties to be owned for the first time in a new form. It therefore covers property that is a new construction, a conversion or that results from a comprehensive renovation.
The property may take the form of one unit on a large, part-developed site, a one-off new home or a conversion of a former building. For all these types of property, the approach to the valuation will be broadly similar.
This document was reissued in May 2023 as a professional standard. It had previously been published in December 2019 as a guidance note. No material changes have been made to the document. -
Flooding – issues of concern to chartered surveyors (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
The purpose of this information paper is to provide chartered surveyors in England and Wales with background information on the issues involved in flooding and flood defence. Although the primary focus of this report is on flooding in or from rural areas, it is recognised that rural and urban areas are linked through the floodplain, and that the consequences of action within one area can cause flooding elsewhere. -
What is the impact of flooding on property values? (RICS)
Published June 2009
This research indicates that flooding has only a temporary impact on property values, and after three years prices had returned to their normal market level. While flood events in low risk areas had no impact on property prices, being designated at high risk of flooding also has had no effect on property values in areas with no flood events. -
Comparable evidence in property valuation (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Covering most types of real estate asset, this information paper discusses the use of comparable evidence in property valuation and aims to outline the principles of comparable evidence use, encourage consistency in its application worldwide, address issues of availability and the use of comparable evidence under challenging market conditions and consider the potential sources of comparable evidence.
This information paper also discusses the use of comparable evidence in different circumstances and markets, whether volatile or inactive, as well as in developing markets, where comparable evidence is often more difficult to obtain and less familiar to valuers.
Although applicable to land and buildings used for commercial, industrial, residential, agricultural and associated purposes, this publication does not cover the use of comparable evidence in the valuation of plant and equipment. Business assets or personal property are also outside the scope of this information paper, however, many of the principles described may be relevant to these types of asset. -
Automated valuation models (AVMs) (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
This 1st edition information paper is intended for RICS members and others including lenders and similar institutions and considers the use of Automated Valuation Models (AVMs) in the UK. -
RICS Valuation – Global Standards 2017 (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
The RICS Valuation – Global Standards 2017 took effect from 1 July 2017, the same date as the IVS 2017.
The accompanying Basis for Conclusions 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.
Following the publication of the new edition of IVS, an updated Red Book takes effect from 31 January 2020 in line with the IVS.