The EU’s united response to the crisis in the financial and property markets has been the catalyst for rapid uptake of REV, which provides European valuers with common levels of excellence just when markets and government are demanding it. REV is up and running in seven EU member states and in the pipeline in several more.

TEGoVA launches European Valuation Standards 2009 helping professionals and clients face the valuation challenges of market volatility and recession.

The leaders of the European Landowners Organization, the European Property Federation, the Royal Institution of Chartered Surveyors, The European Group of Valuers’ Associations and the Urban Land Institute Europe have asked the European Commission to take an initiative to overcome obstacles to cross-border property investment in the EU and enhance market security and stability: an EU Real Estate Investment Trust or EU REIT.

During TEGoVA's 2004 General Assembly, all 40 member Associations agreed on new Corporate Governance rules for property valuers to apply throughout Europe.