Formation of New European Valuation Association Averted
Over 60 delegates from 29 countries attended the General Assembly of The European Group of Valuers Associations (TEGoVA) at the picturesque resort of Santa Margherita Ligure on the Italian Riviera on 15 May 2004.
TEGoVA is a federation of some 38 national valuers associations from 27 countries across Europe. Its main purpose is to promote best practice and high standards of education and professional competence amongst valuers across Europe. Tegova is best known for its "blue book" of European Valuation Standards.
For several years Tegova has been trying to establish a Euro Norm based system of certification of valuers which has not met with overwhelming support in terms of implementation. Only 3 associations (Germany, Czech Republic and Greece) have so far introduced Tegova certification for its members. More recently it has been seeking to establish a new "Valuation Alliance" effectively a Pan European Association of individual valuers, members of Tegova organisations. The development of such an organisation was effectively put on hold at the General Assembly in Italy after several organisations, most notably the RICS, protested against the idea, the main argument being that the establishment of an individual member organisation would undermine all other European Valuer
Organisations who work hard to regulate and develop the services of their members. The role of Tegova should be to support its members associations fulfill their roles, not to set up a new membership association. The concept of a Valuation Alliance will now be considered by a working party of both supporters and opponents.