Have your say on updated healthcare valuation standard

Health is a vital public issue, a large and growing sector of the economy, and an increasingly favoured asset class for investors.

The healthcare sector, particularly primary care, has seen significant transformation in recent years. The COVID-19 pandemic emphasised the critical role of medical centres and surgeries in providing essential healthcare services to communities.

RICS is therefore seeking input from professionals for the third edition of Valuation of medical centre and surgery premises. 

This professional standard aims to support the practice, knowledge and performance of RICS members and regulated firms working across the medical and surgery premises sector, as well as other stakeholders such as the NHS, investors, developers, lenders, legal experts and professionals with an interest in primary care.

The standard will detail common approaches and benchmarks across the sector, helping chartered valuation professionals practise efficiently and consistently, and providing sound, contemporary advice in this area of practice.

Valuers are also reminded that the RICS Valuation – Global Standards (Red Book Global Standards) apply to valuations in this sector, along with the accompanying Red Book UK National Supplement.

Your input is crucial to ensuring that the standard provides accurate, reliable and up-to-date guidance for valuation professionals working in the healthcare sector.

By participating, you can help to shape the future of valuation practices in this important area.