Welcome
Welcome to TEGoVA, The European Group of Valuers' Associations.
TEGoVA is a European non profit making association composed of 40 valuers' associations from 24 countries representing about 120.000 valuers in Europe.
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Europe Embraces Recognised European Valuer Scheme
Only eighteen months after being launched by our organisation in Warsaw, the Recognised European Valuer certification scheme has been widely acclaimed as a success with over 500 valuers in Austria, France, Germany, Poland, United Kingdom and Russia already “recognised”.
The scheme received a further boost at the recent TEGoVA General Assembly held in Paris on 11/12 June 2010 when the
Austrian Association of Real Estate Experts (ARE), the
German Association of Publicly Appointed Surveyors (BDVI), the
Central Association of Agricultural Valuers (CAAV) of the United Kigdom, the
Conseil Supérieur du Notariat (CSN) of France and the
Body Sworn-in Valuers of Greece (SOE) seccured the right to award the REV title to their members.
Even before the global financial crisis, valuation clients had been expressing concerns about the difficulty in identifying reliable valuers with up to date knowledge and appropriate experience. The REV scheme addresses these concerns by affording recognition to appropriately qualified and experienced valuers able to prove an ongoing involvement in property valuation work and participation in a programme of lifelong learning. Recognised European Valuers must also abide by a code of ethics set by their TEGoVA member association.
TEGoVA plans updated European Valuation Standards 2012
The 64 delegates from 15 countries, attending the Paris Assembly also approved plans to revise the current European Valuation Standards. The 6th Edition published last year will be updated and a new edition launched in 2012. However a revised section on Assessment of Insurable Value is almost complete and will be published soon.
TEGoVA's EVS Editorial Board has also started work on a Code of Measuring Practice as well as guidance notes on environmental matters affecting the valuation profession, on the value apportionment between land and buildings and on corporate governance and ethics. In addition the Board is seeking to amend TEGoVA’s educational requirements to ensure that the highest standards of professional competence in valuation are delivered by all member associations.
Allied to TEGoVA's work on setting and promoting European Valuation Standards, progress is also being made on a European Union funded project to prepare training modules and materials in connection with European Valuation Standards. The project is being managed by the UK's Institute of Revenues, Rating and Valuation (IRRV) in cooperation with TEGoVA and valuers’ associations from France, Lithuania, Poland and Romania. The training modules should be ready by the end of 2011. The significance of this project cannot be underestimated in terms of signalling the European Union’s determination in forcing the pace in the harmonisation of valuation standards and practice across Europe, with a view to securing market transparency.
New EU directives touching on valuation mattes were also debated at the General Assembly. Of most interest were plans to reform of the financial markets. In particular it was noted that the proposed 'Alternative Investment Fund Managers Directive' aimed at controlling hedge funds, seeks to set rules for annual valuations of real estate investments held by the funds. The Directive will permit valuations to be carried out on an annual basis by either internal or external valuers subject to Chinese wall provisions in the case of the former.
The Services Directive also came under the spotlight with the TEGoVA Board tabling a paper setting out guidelines for Cross Border Property Valuation. It was agreed that in the first instance the guidelines would be issued as an information paper and possibly incorporated within EVS in the future.
Finally it was noted that a new Energy Performance of Buildings Directive was due imminently and that this would encourage valuers to give more attention to energy performance certificates in valuation reporting.
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AWARD JEAN-CLAUDE AMSELLE AND PETER CHAMPNESS AWARDED FOR OUTSTANDING SERVICE TO THE EUROPEAN VALUATION PROFESSION
At the gala dinner in Paris at the Hotel Crillon on 11 June, the eve of TEGoVA’s General Assembly, TEGoVA Chairman Roger Messenger presented Jean-Claude Amselle and Peter Champness with awards honouring their outstanding service to TEGoVA...
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TRANSLATIONS EVS 2009 in French, German, Greek, Hungarian, Romanian and Spanish
We are delighted to announce the publication of the European Valuation Standards 2009 (EVS) in French, German, Greek, Hungarian, Romanian and Spanish.
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REV New REV awarding member associations
At its meeting in Paris in June, the General Assembly enrolled five more member associations from Austria, Germany, France, Greece and United Kingdom into its recently launched "Recognised European Valuer” Scheme.
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EMF EMF backs MER, EVS and REV
The European Mortgage Federation welcomes TEGoVA's work on property valuation and qualification of valuers.
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