RICS confirms no new material uncertainty as a result of lockdown

Following a meeting of the RICS Material Valuation Uncertainty Leaders Forum yesterday (5 January), the body concluded that new restrictions did not affect the ability of independent valuers to ascribe accurate valuation to property assets. As such, it extended its recommendation from 9 September 2020 to remove the MUC from "all UK real estate, excluding some assets valued with reference to trading potential", which mostly includes leisure and hospitality assets. In a statement, the body clarified that while its recommendations are reached with a forum consisting of a large range of i...