Publication | CoStar

Should the Valuation Profession Introduce Mandatory Rotations?

Ian Mackie

August 9, 2023

The UK property valuation profession is facing its most significant changes in a generation, with draft amendments to the RICS Red Book including recommendations for a mandatory five-year rotation of valuers with five-year breaks post-rotation cycle. Responses to the public consultation have been mixed and beg the question: Who would such a change serve: RICS members or investors? And ultimately, does this matter?

Ian Mackie writes about the proposed changes. (subscription required)

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Ian Mackie

Managing Director