Forests and woodlands
There are many different types of forest and woodland in terms of size, species, age, silvicultural systems, structure and condition. These forests and woodlands are also owned and managed for a range of reasons. Accordingly, the valuation of this diverse and often complex asset involves a wide range of factors, some of which are of a specialist nature.
The main factors that affect market value and the valuation process and approaches to woodland valuation are outlined in this section.
This section is maintained by David Lewis who runs his own forestry and land management consultancy business, Lewis Forestry. David is both a chartered surveyor and chartered forester.
Related content
RICS standards: Valuation of woodlands and forests
RICS standards: Valuation of rural property
RICS journal article: Woodlands valuation standard update
Related template: Woodland site inspection checklist