UNDERTAKING COMMERCIAL VALUATIONS DURING COVID-19
In these times of unprecedented uncertainty Walton Goodland see evidence of the need for strong market led professional valuation advice. Whilst continuing to observe Government and RICS guidance we recognise that many businesses continue to operate and must carry on doing so if we are to overcome this great challenge posed by COVID-19 and successfully navigate an exit from lockdown on an economically sound footing.
With the current situation evolving on a daily basis we want you to know that as Registered Valuers, Regulated by the RICS, Walton Goodland remain well placed to discuss ongoing concerns you may have regarding client properties and portfolios. We can undertake valuations in connection with the same to evaluate the impact, present or future, on the continued viability and life of property assets.
Our management portfolio of over 200 individual commercial properties has required continuing day to day action by our in-house management team who despite the emergency are still in constant dialogue with both landlords and tenants providing the latest up to date Government advice and legislation for business tenancies in the wake of the Coronavirus Act 2020. As a multi-disciplinary commercial practice our agency sales, lettings, acquisitions and leasehold advisory service departments continue to advise landlords and tenants whilst being uniquely positioned to support our valuations team with critical market led data.
Whilst observing present restrictions we are available to advise you and/or your clients on all aspects of valuation and property related issues throughout this emergency. In accordance with RICS and Government guidance we have put procedures in place relating to inspections and social distancing and are able to undertake internal, external and desktop valuations subject to individual circumstances and perceived risk.
The reaction of markets to COVID-19 has prompted the RICS to issue enhanced guidance on ‘material valuation uncertainty’ to Regulated Members in relation to Red Book valuations and we are adopting this in our valuation reports. This is likely to become the norm and in some cases valuation instructions may be refused. However, until such point that transactional market data becomes available, values will need to be kept under constant review with transparency, regular valuer input and professional opinion vital at all times.
Please do not hesitate to contact any one of us via the office on 01228 514199 or firstname.lastname@example.org or speak to me directly on my mobile or email, listed below.
M: 07843 058081