Europe Embraces Recognised European Valuer Scheme | TEGoVA plans updated European Valuation Standards 2012

The European Union's current interest in real estate valuation and the harmonisation of valuation practice and standards has led to growing support for the 'Recognised European Valuer Scheme' launched by The European Group of Valuers' Associations (TEGoVA) in 2008. Since then 15 valuers' associations have subscribed and a critical mass of 500 Recognised Valuers from France, Germany, Poland, Russia and the United Kindom has been reached. REV certificates will also be awarded soon to valuers in Austria, Greece and Norway. REV certificates were awarded to 90 valuers at the recent TEGoVA General Assembly in Paris on 12th June. More...

New Polish law concerning valuations for loan security purposes

The Polish Federation of Valuers’ Associations (PFVA) has achieved a breakthrough in persuading the Minister of Infrastructure to approve a new standard concerning „Valuation for Loan Security Purposes”. The Minister communicated his approval on 4th January 2010 and as a result the PFVA’s „Standard KSWS 3” has become enshrined in Polish law. More...