000			02742nam a22002777a 4500
001			121991
008			240904t2024 xxk|||||o|||| 00| 0 eng d
041			_aeng
110			_aRoyal Institution of Chartered Surveyors
245			_aRICS Draft Professional Standard: Valuation of medical centre and surgery premises 3rd edition _ba consultation _h[Electronic resource]
260			_aLondon, _bRoyal Institution of Chartered Surveyors, _c2 September 2024
300			_a30p.
490			_aRICS Consultation
500			_aFollowing review of the consultation materials the 3rd edition was published May 2025 ISBN 9781783215423
520			_aGP medical centres are primary care facilities that provide a range of health services to local communities, such as general practice, pharmacy, dentistry, physiotherapy, and minor surgery. They are typically leased to the NHS or GP partnerships on long-term contracts, with rent reviews linked to inflation or market value. The UK GP medical centre property market is a niche sector that also offers attractive opportunities for investors who are looking for stable, long-term returns. According to agents, there are over 8,000 GP medical centres in the UK, with a total value of around £12 billion. As a result, GP medical centres have become an attractive asset class for investors who are looking for stable, long-term returns with low risk. The demand for GP medical centres is expected to increase in the future, as the population ages and requires more health care services. The NHS Long Term Plan also emphasises the need for more investment in primary care infrastructure, to improve access, quality, and efficiency of care. The medical market is a changing one. UK regulation relating to the operation of medical premises and way the health market operates has evolved since 2010 (when RICS last issued valuation guidance in this sector), which some argue has been further escalated by COVID-19. The subject professional standard is relied upon by numerous public stakeholders and therefore needs to be fully up to date. Consultation opened 2 September 2024 closes 4 October 2024.
650			_aHOSPITALS
650			_aMEDICAL CENTRES
650			_aSURGERIES
650			_aVALUATION
651			_aEngland
690			_aValuation _96273
710			_aRoyal Institution of Chartered Surveyors
856			_uhttps://consultations.rics.org/gf2.ti/f/1659906/220137029.1/PDF/-/Valuation%20of%20medical%20centres%20and%20surgery%20premises_clean%20for%20consultation.pdf _zView the consultation document on RICS.org
856			_uhttps://consultations.rics.org/valuationofmedicalcentres/consultationHome _zView the RICS iConsult homepage on medical centres
942			_n0
999			_c121991 _d121991