Valuation

Valuation is a specialism of real estate and surveyors usually specialise in either commercial or residential work.

Practice Area Valuation
Introduction Valuers assess the value of properties by applying expert knowledge and awareness of the local property markets. Valuations can be carried out for a variety of purposes including insurance, development, probate and loans or mortgages.
What skills are required?
  • Numeracy
  • Excellent communication skills and the ability to work well with clients and other professionals.
  • Report writing
  • Commercial awareness as many surveyors work in fee earning roles.
What qualifications are required?

A non-cognate or RICS accredited degree may be required, with most Surveyors working towards Chartered status with the Royal Institute of Chartered Surveyors (MRICS).

Valuers can also apply to be included in the RICS List of registered valuers, demonstrating they are experts in their field.
What is it like in practice?

Valuation surveyors may work in the public sector, for residential valuation firms or in private practice.

Commercial valuers work on offices, industrial, retail, alternatives and mixed-use buildings.

Residential valuers work on housing, residential development projects and conversion projects.

Usual office hours apply, although some flexibility and travel are usually required. Some valuation surveyors work from home.

Valuers need to have some level of physical fitness to enable them to successfully access and inspect buildings. A driving licence is usually required.
Work Environment Split between office and site work.
Employment opportunities

Larger firms recruit graduates on to graduate development programmes, giving participants the opportunity to work across a number of different departments before choosing their specialisms. Smaller firms recruit all year round, offering both specialist and general practice work.

Whilst many students have an RICS accredited degree, there are opportunities for non-cognate graduates to join a firm and study for a property qualification whilst working.

There are also degree apprenticeships in valuation surveying available.
More information

Visit RICS (opens new window)

Visit Prospects (opens new window)

Visit Civil Service Careers (opens new window)
Relevant UCEM programmes

BSc Real Estate Management

MSc Real Estate

MBA Construction and Real Estate

You might like this role if you enjoy:

  • Using maths skills make calculations and support professional advice
  • Analysing and identifying patterns in data

See more skills used by valuation surveyors:

  • Working with different people such as clients, colleagues and the general public
  • Using verbal and written communication skills
  • Using perceptual skills to interpret maps, charts and diagrams
  • Researching and explaining data
  • Understanding how buildings are constructed and how the materials used in the process

References:


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