As of 31st January 2024, IVSC released the latest updates to the International Valuation Standards (IVS)
This comprehensive update includes the addition of new chapters, encompassing Data and Inputs, Valuation Models, and Reporting. The revised standards, effective from January 2025, also place increased emphasis on integrating ESG considerations into the valuation process.
There is also a focus at IVS 100 Framework 20.1 – 20.8 in relation to "Valuation Process Quality Control”. If you are considering early adoption you must meet all of the requirements in this and all other sections.
PINZ will be conducting training sessions throughout 2024.
Members can access these standards for download via the PINZ website HERE. Additionally, a 'red-line' version of the standards has been published to highlight changes made from the previous edition.
Kind regards
Blue Hancock
Chair
Property and Valuation Standards Board
