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Video: Valuation uncertainty and guidance
The global financial crisis is hitting us all -and hard. These are indeed uncertain times. With such volatility creating extraordinary transactional voids, valuation surveyors have a new concern, how on earth can they be certain of a property's true worth?
The uncertainty of valuations has now become such an issue that RICS felt compelled to issue clarification to its members. In this programme we discuss the key issues and look at what the future might hold. We also take a brief look at the RICS' proposals for introducing a new, enhanced international system for regulating and monitoring compliance with RICS valuation standards.
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As of November 2008,