EEM Property Valuation Guidelines

The expectation, in line with the RICS Valuation – Global Standards 2017, is that valuers will undertake sufficient due diligence, including in relation to sustainability factors, to accurately provide an estimate of Market Value and to comment on sustainability factors in their report. 

The checklist is aimed at complementing existing valuation instructions in the context of mortgage lending. Since no standard reporting template exists, some of the indicators listed in the report might already be part of existing valuation instructions by banks. If the instruction allows, however, it is advised to consider and make specific reference to those indicators and linked observed energy efficiency characteristics which potentially could have an impact on value.

The purpose of the checklist is to record and report the information collected in a transparent way for the instructing bank. The checklist does not require the valuer necessarily to undertake additional due diligence or inspection, although in some cases it is recognised that some extra work may be involved.