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AN INTRODUCTION TO THE EUROPEAN VALUATION STANDARDS

AN INTRODUCTION TO THE EUROPEAN VALUATION STANDARDS. The EU has a considerable and growing influence on property EU citizens have the right to live and work anywhere in the Union

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AN INTRODUCTION TO THE EUROPEAN VALUATION STANDARDS

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  1. AN INTRODUCTION TO THE EUROPEAN VALUATION STANDARDS

  2. The EU has a considerable and growing influence on property EU citizens have the right to live and work anywhere in the Union There is a core common currency and an Internal Market with free circulation of capital and services guaranteeing the right to invest in property This leads to a right to offer real estate services, including valuation services, any where in the Union without obstacle THE NEED FOR THE EUROPEAN VALUATION STANDARDS

  3. The Purpose of the European Valuation Standards • To assist in the preparation of coherent reports • To promote consistency • To enable users of valuations to understand them • To provide a benchmark for the qualified valuer • To increase public awareness of the role of the valuer • To ensure clear and justifiable valuations • To promote coherence in regulation • To promote best practice

  4. EVS1 covering market value EVS2 covering other basis of value EVS3 addressing the qualified valuer EVS4 applying to the valuation process; and EVS5 on valuation reporting THE FIVE EUROPEAN VALUATION STANDARDS

  5. EVA1 valuation for the purpose of financial reporting EVA2 valuation for lending purposes EVA3 property valuation for securitisation purposes EVA4 assessment of insurable value EVA5 application of investment value (worth) for individual investors THE FIVE EUROPEAN VALUATION APPLICATIONS

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