RICS Knowledgebase

The RICS are one of the members of the International Valuation Standards Council (IVSC).

The latest edition of the Global Red Book contains a copy of the International Valuation Standards (IVS) 

The 2025 Global Red Book adopts and applies the International Valuation Standards (IVS) published by the IVSC. IVS includes mandatory requirements that must be followed in order to declare that a valuation was performed in compliance with it. Changes since the last edition include:

• an updated glossary that clarifies alignment with IVS

• a revised ordering of VPSs to map to IVS and

• a new VPS 5 covering valuation models to align with IVS

#Valuation