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.

to hightlight overview  
to member overview   TEGoVA is delighted to welcome the following association as a new full member:
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to event overview  
2010 events of particular interest for Real Estate valuers.
  • EPRA
    The EPRA Annual Conference in September is a must.
  • The Baltic Valuation Conference
    BVS invites you to Germany and Rostock to attend the 2010 edition of The Baltic Valuation Conference (BVC).
  • EXPO REAL
    In just a few years, EXPO REAL has managed to secure itself a permanent place in the appointment books of German and international decision-makers in the real-estate industry.
  • EPIC
    An acronym for European Property Italian Conference, EPIC is the most recognised and most attended conference dedicated to the Italian real estate market and to its relationship with the international financial system.
  • BARCELONA MEETING POINT
    Born in October 1997, BMP (International Real Estate Show & Symposium) is the Europe's largest exhibition and the most thorough property symposium.
  • AUTUMN GENERAL MEETING OF TEGoVA
    The Autumn General Assembly of TEGoVA will take place in Barcelona.

 

 
© TEGoVA 2005