Standards for Property Valuation Practice
The South African Council for the Property Valuers Profession (SACPVP) adopts and publishes professional valuation standards that ensure credibility, consistency, transparency, and quality across the property valuation profession.
These standards align South African practice with international norms and provide a consistent framework for valuers, government, municipalities, and other stakeholders.
What Are Valuation Standards?
Valuation standards are formal guidelines and requirements that govern how property valuations should be conducted, reported, and reviewed. They ensure that valuation work is:
- Performed competently
- Transparent and defensible
- Consistent across different purposes and users
- Aligned with international best practice
These standards are essential to protect the public interest and maintain trust in the valuation profession.
Adopted South African Valuation Standards (SAVS)
SAVS: 01 International Valuation Standards (IVS)
These standards provide a globally recognised framework for valuation practice, covering the valuation process, bases of value, reporting, and asset-specific requirements. They form the foundation for professional valuations performed in South Africa and globally.
SAVS: 02 Municipal Valuations for Property Rating (MVPR)
This standard provides the framework for municipal valuations and mass appraisal used for property rating purposes. It supports fair, accurate, and consistent implementation of property valuation rolls for local government.
Why Standards Matter
Professional valuation standards are central to the work of registered valuers. They help to:
- Maintain uniformity and quality in valuation reports
- Promote transparency and accountability in professional practice
- Protect the public interest by ensuring valuations are credible and defensible
- Support the use of consistent methods for municipal and private valuations
- Align South African practice with international best practice through adoption of IVS
How Standards Apply
All registered valuers in South Africa are required to adhere to the adopted standards when preparing valuation reports or carrying out valuation assignments. These standards serve as benchmarks in professional practice, and compliance with them is a key aspect of ethical, competent, and legally sound valuation work.
Further Resources
For more detailed requirements and guidance:
SACPVP Code of Professional Conduct
Sets out professional ethics and conduct obligations for valuers.
Rules for the Property Valuers Profession
Statutory rules that govern registration, experience, and compliance.
Downloadable Standards
| Standard Name | Description | Download |
|---|---|---|
| International Valuation Standards (IVS) | Global principles for valuation practice | |
| Municipal Valuations for Property Rating (MVPR) | Framework for municipal valuation and rating |