The IVSC has issued a consultation draft on proposed changes to the International Valuation Standards (IVS).   The revised standards are due to be published early next year, with an “effective date” in January 2028, although in practice when they become effective is a matter for those adopting them.

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The main changes proposed are:

• A new IVS 107 on Quality Controls – this replaces the section on Quality Control in the current IVS 100.

• The IVS 200 series on businesses and business assets have been rewritten to give clear instructions to valuers rather than discuss concepts.

• IVS 410 Development Property has been merged with IVS 400 Real Estate.

There are many changes in the detailed wording in some of the other standards.

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Given the influence that the IVS have on other valuation standards, most notably the RICS Red Book, we encourage all valuers to look at what is proposed for the sectors in which they practice and tell the IVSC what you think.  Comments are required before 30 April 2026.

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You can access the Exposure Draft and associated documents via the links below: ​

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The IVSC is also holding a series of Webinars on 17 18 and 19 March.

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​Over the coming weeks we will the reviewing the detail of the proposals and upload our comments on each section  to this page.

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