Public houses
The public houses section covers the capital and rental valuation of public houses.
The primary RICS professional standard on this subject is Valuation of licensed leisure properties (including public houses, bars, nightclubs and restaurants), 2nd edition, which is effective from 1 July 2025. In addition, the current edition of RICS Valuation – Global Standards (Red Book Global Standards), including VPGA 4 Valuation of trade related properties, remain the overarching professional standards. The object of these documents is to provide practical assistance to valuers, including those dealing with public houses.
The underlying reason for the valuation of a public house will influence the type of research the valuer should undertake, and the type of calculation needed to formulate the valuation. Public houses in the main are acquired and run for profit, and so are valued by the profits method of valuation.
RICS guidance emphasises that it is important that the valuer is regularly involved in the relevant market as practical knowledge of the factors affecting the market is essential to analysis of comparable transactions.
This section is maintained by David Sutcliffe of Fleurets.
Related content
- RICS standards: Valuation of licenced leisure property (including public houses, bars, nightclubs and restaurants)
- RICS standards: Red Book Global Standards
- RICS standards: Comparable evidence in real estate valuation
- Template: Public houses valuation checklist