Director at GKRE Will Kinnear has welcomed the news that RICS will be updating its valuation practices to ensure public trust in surveyors. However, he notes that RICS must take this review one step further, and update its valuation methods in line with new property subsectors that have emerged, including flexible workspace and co-living which add new complexities to valuations owing to their diverse income streams.

In a recent article with Property Week, Will outlines the growth of flexible workspace and makes the case for an industry accepted valuation model, calling for a clear guide from RICS.

Read Will’s piece here.