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EUROPEAN VALUATION STANDARD 1 MARKET VALUE

EUROPEAN VALUATION STANDARD 1 MARKET VALUE. Market value Value The “market value” of an asset The ultimate test for market value. Introduction. EU legislation Real estate and related property rights Marketable Marked distinction The range of assumptions. Scope. Market value means

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EUROPEAN VALUATION STANDARD 1 MARKET VALUE

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  1. EUROPEAN VALUATION STANDARD 1 MARKET VALUE

  2. Market value Value The “market value” of an asset The ultimate test for market value Introduction

  3. EU legislation Real estate and related property rights Marketable Marked distinction The range of assumptions Scope

  4. Market value means Directive 2006/48/EC Market rent Acted knowledgeably, prudently and without compulsion TEGoVA’s APPROVED DEFINATION OF MARKET VALUE

  5. There are several definitions of market value within EU legislation The Capital Requirements Directive definition Articles 84 to 89 of the Directive State Aid Communication and the Insurance Accounts Directive VAT definition EU accounting definition DEFINITION OF MARKET VALUE IN EU AND EEA LEGISLATION

  6. COMMENTARY • The advantage of the definition used in EVS1 over the other available EU definitions • The definition in EVS1 • The result • The real property being valued • The transaction • The date of valuation • The parties – hypothetical, willing and competitive • The marketing • The parties’ consideration of the matter • Other matters

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