"A value is valuable when the value of value is valuable to oneself."
Dayananda Saraswati 1824-1883
Values and valuation are much discussed but often misunderstood. In the financial world this can lead to misunderstanding, market inefficiency and mispricing.
Valuology advises valuation providers, valuation users and professional organisations on how their processes and procedures can be improved to ensure that valuations are properly prepared and understood by those who rely on them. Our objective is to maximise market confidence in the valuations provided and minimise risks for providers and users.
To see what we do click or download our ebrochure.
RICS publish new UK Supplement to the Red Book effective May 2024
Following the consultation draft issued in late 2022 RICS has now issued the new UK Supplement to the Red Book.
Most of the headlines have been about the new mandatory valuer rotation requirements for "regulated purpose" valuations but these are likely to effect only a minority of members and firms. Elsewhere there have been changes to many of the UK VPGAs. Some have had changes to better explain what members need to consider in practice, others updated to reflect changes in legislation and those concerning residential valuations simplified into a single VPGA pending a separate, detailed professional standard for residential valuation in the UK.
Resources for Valuers
We publish useful information for valuers on various technical issues. Available as booklets or as eBooks, they provide an affordable resource for the busy practitioner.
Keeping Lookout
We review proposed new laws, regulations and standards that are relevant to valuers. We then produce summaries of the key things valuers need to know and what we think of the proposals. We also provide a copy of any response we make to consultations.