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The Rating Winter Briefing

2024 AVD: The Triple List Maintenance Conundrum

Why is the 2024 AVD different from all other AVDs? With 3 year revals, rating advisors must now be mindful of 3 Lists – the tail end of the 2017, the current one; and the forthcoming 2026 List, whose AVD falls on the 1 April 2024. How will the 2024 valuations fair when considering the proximity of the 3 Lists, and the outstanding challenges and appeals from the previous ones? And when do advisors challenge; and on which List? This programme seeks to assist practitioners navigate the 3 dimensional conundrum. If you are involved in rating work, this is an event you cannot afford to miss. 

Start Date Venue Price  
18 January 2024 Herbert Smith Freehills LLP, London £210 BOOK

Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate

Event duration: Afternoon Event (4.15 hours CPD).
Registration from: 13.00. Event starts at: 13.25. Event finishes at: 18.15. Drinks Reception until 19.30.

Download and print your full course brochure here

Already, we have seen work spikes brought about by check or challenges from the closing down of the 2017 List, which may have delayed the checks for the 2023 List.  Appeals will be the next spike, and since the tone of the List responds to key Tribunal decisions, advisors may need to revisit assessments. 

How do practitioners manage properties and clients; and what are their options? 

The right time to challenge a client’s rating assessment may vary according to;

  • What is happening in the market
  • Re-evaluating properties as a result of Tribunal decisions and ongoing settlements
  • What are the rules imposed in relation to the 3 lists



Welcome and Introduction from the Conference Chair

What is Happening in the Market?

Market View of the 3 Main Bulk Classes – Where are the Current Hot Spots; and the Impact of 2024 AVD Predictions 

  • Industrial  
  • Offices 
  • Licensed and leisure - Covid bounce

The Ingredients of a Successful Revaluation

  • What worked well last time – can lessons be learnt?
  • It’s only as good as the evidence – how does the VOA gather this?
  • The valuation period – what’s being valued when?
  • How to get involved – over to you Helen!

Pre Influencing and GPCR

  • Valuation Office Agency
  • GPCR 

Change of Supply of Properties

  • Partly from Brexit, partly from hybrid working along with the usual ebb and flow of market trends and needs, what property is abundant; and what is in demand?
  • How does the market respond with upwards only rent reviews?
  • What the locality reality means in a MCC world?

Talking Heads – Triple Maintenance 

Practitioners need to consider what to do with properties in regards to 2017, 2023 and the coming 2026 entries.  

  • What do the numbers look like after the end of list spike?
  • Action on one List may create unintended consequences on the other Lists
  • Impacts 
  • When is the right time to act?
  • Managing clients
  • Multitasking 

Programme followed by a Drinks Reception.