RICS Knowledgebase

Also known as EUV-SH, the Red Book supplement UK 2024 VPGA 6 deals with existing use valuations for social housing. 

This guide provides practical advice, guidance, consistency and clarity to RICS members in the UK on the interpretation and application of Existing Use Value (EUV) valuations of owner-occupied operational properties in public sector valuations when used for financial reporting purposes. 

Or on RICS.org at https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/valuation-standards/existing-use-value-euv-for-uk-public-sector-financial-statements-1st-edition

The UK Government has an example in chapter 3 at https://assets.publishing.service.gov.uk/media/5a8148ece5274a2e8ab53238/Stock_valuation_for_resource_accounting_2016.pdf

You may also find the following commentary of interest:

https://ww3.rics.org/uk/en/journals/property-journal/public-sector-valuation-changes-UK.html

https://ww3.rics.org/uk/en/journals/property-journal/EUV-standard-consultation.html

https://ww3.rics.org/uk/en/journals/property-journal/red-book-uk-supplement-updated-guidance.html

And this answer from May 2024 on the myRICS community

https://community.rics.org/discussion/euv-sh