Next TEGoVA General Assembly in Warsaw, 30/31 May 2008
Some 80 delegates representing 40 Valuers Associations from 24 countries in Europe will meet in Warsaw on 30/31 May 2008 for the next General Assembly of The European Group of Valuers' Associations (TEGoVA). The meeting, which will be held at the Sheraton Hotel, marks a return of the General Assembly to Poland after 14 years. In 1994 the Polish Federation of Valuers Associations (PFVA) first hosted a TEGoVA General Assembly in Kraków.
The Warsaw Assembly will mark the successful culmination of TEGoVA's work on two main projects namely, European Valuation Standards (EVS) 2008 and the Recognised European Valuer (REV) Scheme.
The last EVS, the so called Blue Book, were last published in 2003. Since then they have been overtaken by revised International Valuation Standards (IVS) 2007 and the latest RICS Valuation Standards (Red Book)
In response to changes in valuation practice and European directives over the last few years, TEGoVA has recognised the need to streamline and update its EVS whilst ensuring that they continue to be consistent with IVS.
The new draft EVS 2008 will be tabled at the Warsaw General Assembly ahead of a consultation period and publication towards the end of the year. Of most help to valuers in Europe will be new commentary on the various EU Directives which over the years have impinged on property valuations particularly in the areas of bank lending and insurance.
At the Warsaw Assembly, Tegova will also the launch its „Recognised European Valuer” scheme following the successful completion of pilot projects in France and Poland.
For many years, TEGoVA, acting in the public interest, has sought to ensure, that its member associations subscribe to defined minimum educational standards for its valuers. TEGoVa has now taken a step further with the development of the „REV” scheme. Valuers across Europe who meet the minimum educational standards, provide evidence that they continue to actively practice valuation, and who meet minimum lifelong learning and ethical requirements will be able to apply for „Recognition” and use of the title „Recognised European Valuer”. Such recognition will be subject to renewal every five years.
At a special ceremony during the General Assembly in Warsaw the first „recognition” diplomas will be awarded to French and Polish valuers who have tested the scheme as part of an initial pilot project.