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Expert Opinion

RICS and the discounted cashflow approach: encouragement without enforcement?

Despite the greater transparency on offer in DCF, adoption in the UK has been slow
(from left): James Askey-Wood and Ian Mackie. (BRG)
(from left): James Askey-Wood and Ian Mackie. (BRG)
By Ian Mackie, James Askey-Wood
October 17, 2025 | 6:46 AM

Why is the real estate investment valuation industry so reluctant to adopt discounted cashflow analysis? The question has been on the mind of valuation professionals for years. Since many can remember, the Royal Institution of Chartered Surveyors has called for the adoption of this more transparent valuation method, yet the all-risks yieldmethod continues to reign.

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