What is a RICS valuation report?

A RICS report is the global gold standard for real estate valuations. Produced by a RICS-regulated member (MRICS/FRICS), it follows the RICS Valuation — Global Standards (Red Book) 2025 edition. **Typical content (25-40 pages + annexes):** 1. Executive summary — headline value, date, basis of value 2. Basis of value (VPS 4: Market Value, Fair Value, Investment Value) 3. Property description — location, legal status, surface, condition 4. Market analysis — macro, local, asset class 5. Valuation methodology — 2+ approaches (comparison, income, cost, residual, DCF) 6. Comparables table — 5-10 recent transactions with adjustments 7. Reconciliation of approaches 8. Key assumptions and limiting conditions 9. Conclusion with fair range and certainty level 10. Annexes: ANCFCC title, photos, plans, urbanism note **Why Moroccan banks require it:** independence, methodology, documentation, accountability. Central banks worldwide (including Bank Al-Maghrib) encourage the use of international standards for mortgage collateral assessment.