On 29 May 2020, the PRA published a document responding to a number of questions from firms in relation to requirements in the Capital Requirements Regulation (CRR) for property valuations for residential and commercial real estate exposures. In particular, given the disruption in the property market caused by COVID–19, firms have identified difficulties in conducting physical inspections due to social distancing measures, obtaining reliable property valuations and determining appropriate approaches to suspended or unreliable house price indices.