RICS commissioned by Dutch Ministry to create Valuation Guide for Area Development

RICS was commissioned by the Dutch Ministry of the Interior to produce a Practical Guide on Valuation for Area Development.

This was part of the modernisation of land policy which was initiated by the then Minister De Jonge with the aim of accelerating housing construction. Key aspects of this modernisation include the potential introduction of a land value capture tax, taxation on undeveloped land designated for residential purposes, and the establishment of a National Land Facility. However, these are complex issues that are not easily implemented.

What the government urgently needs—and which can be realised more quickly—is a clearer understanding of land values that also factor in the cost allocation for public functions. This need was addressed by valuers in collaboration with the NRVT (Dutch Register of Real Estate Appraisers) and developed into the Practical Guide to Valuation for Area Development, which was presented to Minister Keijzer at the Housing Summit on 30 January 2025.

"Transparency is key to a well-functioning market, and this also applies to the land market." - Paul Nelisse MRICS, Director of Valuations at Colliers and one of the lead authors of the Practical Guide.

"RICS members have played a pivotal role in the development of this Practical Guide commissioned by the Dutch Ministry of the Interior. Their expertise has been instrumental in creating a framework that integrates public cost recovery and supports effective land use decisions. This collaboration underscores RICS's commitment to advancing professional standards and delivering valuable insights for sustainable urban development." - Iwan van Bilsen, Head of Strategic Partnerships RICS.