An asking price is not the same thing as a professional valuation. Estate agents, buyers, lenders and surveyors can all have different reasons for placing a figure on a property. What is a RICS valuation? A professional valuation is undertaken for a defined purpose...
It is not unusual for a mortgage valuation and an independent RICS valuation to produce different figures. This does not necessarily mean that one valuation is incorrect. The two valuations may have different purposes, scopes and assumptions. What is a mortgage...
A probate property valuation is an assessment of a property's value for the purposes associated with administering an estate. The appropriate valuation basis and date depend upon the circumstances and the requirements of the relevant authority. Why is a valuation...
The proposed introduction of a tourist tax, or overnight visitor levy, has the potential to add another cost consideration for both domestic and international visitors. While the final structure of any levy is still to be determined, the principle is relatively...
A Schedule of Condition is most commonly prepared at the beginning of a commercial lease, but its importance can continue until the lease expires. When the tenancy comes to an end, the original Schedule can be used as evidence when considering the tenant's obligations...
When people hear the phrase “property valuation”, they often assume it is simply a matter of putting a number on a home or building. In reality, a proper valuation is far more than that. It is a professional opinion built on evidence, judgement, market context, and...
When inspecting flats and completing our Level 2 or Level 3 Surveys, many of the defects we identify are not significant structural failures, but the sorts of everyday issues that can still have a real impact on cost, maintenance, enjoyment, and future ownership. In...
The UK pub sector is facing a serious and on-going crisis with an average of six pubs closing each week over 2024. This hasn’t improved in 2025, so far close to 300 establishments in England and Wales have shut their doors permanently. While this hits the already...
As we approach a year of Labour being in power, we thought it would be an ideal time to look at their housing and property commitments. The Labour government has pledged to deliver 1.5 million homes during their five-year term in office. To put this into perspective,...
In an ever changing property market, ensuring accurate valuation has never been more essential. The most favoured method of property valuation for residential property tends to be the Comparative Method or Comparison approach, as this uses historic transactions and...
