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The session is designed for planning officers and applicants who have commissioned FVAs and want a better understanding of them. We will help uncover the mystery of the process and terminology used by professionals who undertake these assessments, as well as some of the key challenges associated with the process. This valuable and insightful session will cover the following key areas: What are FVAs and how are they used in the planning process? What is the Residual Land Value (RLV) methodology and how does that relate to the Benchmark Land Value (BLV)? Why is the price paid for land not a consideration within an FVA? Key assessment assumptions used, their typical ranges and how they are derived. How is the current economic context is impacting on FVA conclusions? What does the future hold for FVAs in the planning process?