The RICS Valuation - Global Standards

The RICS Valuation - Global Standards, also known as the "Red Book," provides a framework for valuing property and land consistently and transparently worldwide. Established by the Royal Institution of Chartered Surveyors (RICS), it ensures that valuations are conducted with integrity, professionalism, and reliability. These standards guide professionals in assessing the value of real estate, ensuring that their methods and reports are clear, objective, and can be trusted by clients and stakeholders. Adhering to these standards promotes confidence in property transactions and helps maintain market stability globally.