RICS Valuation Service
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The RICS valuation is a real estate, industrial and commercial asset valuation service based on the international standards established by the Royal Institution of Chartered Surveyors (RICS). This institution, with more than a century and a half of experience and headquartered in London, promotes best practices and codes of conduct to ensure objective, transparent and comparable valuations in any market in the world.
Thanks to their global recognition, RICS valuations have become a benchmark for investors, companies and financial institutions that need to support strategic decisions in sale and purchase transactions, obtaining financing, auditing processes and tax and corporate planning.
At Tecnitasa Group we combine more than 40 years of experience in Spain with RICS accredited professionals to deliver rigorous reports that comply with the International Valuation Standards (IVS) and the RICS code of ethics, bringing confidence and solidity to each project.
What is a RICS valuation?
A RICS valuation is a process of assessing the market or fair value of an asset, carried out in accordance with the standards and methodologies developed by the Royal Institution of Chartered Surveyors. This process combines technical, financial and market analysis to determine an amount based on reliable and comparable data.
A RICS valuation includes legal and documentary information on the asset, the study of market comparables, the on-site inspection, the application of the methods of comparison, cost and capitalization of rents, and the preparation of a detailed report.
By following IVS standards and RICS guidelines, these reports are valid in financial, real estate and business markets around the world, enabling stakeholders to make decisions with full confidence in the results.
Why is a RICS valuation important?
Performing a RICS-certified valuation brings multiple advantages that strengthen the position of investors, companies and asset owners:
Quality assurance and transparency
RICS valuations are based on the International Valuation Standards (IVS) and the “RICS Valuation – Global Standards”, public documents that describe in detail the criteria and procedures to be followed. Each phase of the process is documented and justified with objective data, eliminating bias and allowing the analysis to be replicated when necessary. This transparency generates confidence in all parties and facilitates the defense of value before auditors, regulators or courts.
Global recognition in financial markets
More than 125 countries recognize and accept RICS valuations as the gold standard for valuing real estate and industrial assets. Multinational banks, investment funds, insurance companies and regulators around the world often require RICS reports to manage risks in their portfolios. This international recognition opens the door to cross-border transactions, joint ventures and collaborations between entities in different jurisdictions.
Fundamental for financing and bank guarantees
RICS reports are used by many financial institutions around the world to support mortgage lending, syndicated loans or structured finance (Project Finance, CMBS). The objectivity and quality of the report reduces the perception of risk for the lender, which often translates into better financing conditions, lower interest rates and longer repayment terms. In Spain, although Order ECO/805/2003 regulates official appraisals for mortgage loans, it is increasingly common to accompany or replace these reports with RICS valuations in high-value or international transactions.
Facilitation of real estate and business transactions
In sale and purchase processes, mergers, acquisitions and corporate restructurings, a RICS valuation provides assurance that the price is a true reflection of market value. The report serves as an objective basis for negotiation and helps to prevent subsequent disputes. In addition, knowledge of the market environment and associated risks, including details of encumbrances, easements or planning constraints, enables more efficient sale or purchase strategies to be devised.
Useful in audits and tax planning
For the correct preparation of financial statements under international (IFRS, US GAAP) or national accounting standards, companies need to reflect the fair value of their assets. RICS valuations provide this basis, facilitating audits and ensuring consistency in balance sheet presentation. Furthermore, an objective and defensible report is essential for tax planning, provision optimization and capital gains management in corporate transactions.
In which operations is a RICS valuation required?
RICS valuations are particularly relevant in international real estate transactions:
High-value real estate transactions
In asset or real estate portfolio sales, especially when foreign or multinational investors are involved, a RICS report guarantees a homogeneous and defensible evaluation.
Obtaining financing and bank guarantees
Lenders are increasingly requiring RICS certificates to support collateral for syndicated loans, debt-for-assets (CMBS) issues or project finance.
Valuation of investment portfolios
Family offices, real estate funds, corporate wealth and pension funds require regular and reliable valuations of their assets to make diversification decisions and measure risk-adjusted returns.
Mergers, acquisitions and corporate restructuring
In M&A or corporate spin-off processes, RICS valuation provides objective value for price-tag negotiations, reduces contingencies in Due Diligence and improves the credibility of the process with investors and regulators.
Audits and tax planning
To reflect fair value in the financial statements and comply with IFRS 13 or US GAAP, a RICS report ensures that balance sheet figures are in line with market reality and facilitates the determination of provisions, goodwill and tax liabilities.
What assets can be valued using RICS standards?
RICS standards cover a wide range of assets, adapting to the needs of any investor or financial institution. Among the most relevant and strategic, Tecnitasa Group highlights:
- Residential assets: single-family homes, apartment buildings, developments under construction or rehabilitation.
- Offices and business centersCorporate real estate, coworking spaces, high-end buildings.
- Warehouses and industrial parksLogistics centers, production plants, specialized facilities.
- Shopping centers and retail parksfrom single premises to complete commercial properties.
- Hotels and tourism assetshotels: establishments of various categories, resorts and vacation complexes.
- Land and soilsUrban land, rural land with development potential and industrial plots.
- Mixed assets: developments that combine residential, commercial and industrial uses.
- Infrastructure and equipmentInfrastructure and equipment: service stations, treatment plants, light transport infrastructures.
- Unique assetsAssets: heritage properties, monuments, assets of historical or cultural value.
- Investment projects: real estate portfolios, logistics platforms and alternative investment vehicles.
Discover our valuation services
Tecnitasa Group offers valuations of all types of assets. Its expert team applies specific criteria for each type of asset, adapting to the particular needs of clients. Explore the available sub-services, each valuation is tailored to the characteristics of the asset.
Latest news on valuation
Check our blog for up-to-date news and specialized articles on the valuation industry. We offer information on trends, market changes, regulations and advice for owners and investors in this segment.
In Tecnitasa Group we have an extensive team of professional RICS Members with experience in valuation of all types of real estate assets. Our experience of more than 40 years in the Spanish market and our integration with IVS standards allow us to offer this type of valuation reports. For advice and a quote tailored to your needs, please contact us.
Frequently asked questions about RICS valuations
Who can perform a RICS valuation?
Only professionals accredited by RICS as Chartered Surveyors or associate members with certified experience and training may issue valuation reports under these standards.
Is the RICS valuation valid for international operations?
Yes, RICS valuation is designed to be recognized and accepted in markets around the world thanks to its global regulatory framework.
How long does a RICS valuation take?
Once the quotation has been accepted and the MRICS professional has visited the property, the delivery time of the report varies depending on the complexity of the asset and the availability of the documentation, provided there are no incidents.
How much does a RICS valuation cost?
The cost depends on the type of asset, its complexity, the location and the scope of the analysis. At Tecnitasa Group we prepare customized budgets after evaluating the specific characteristics of each project.
