The Working Group advises the Board and the General Assembly on lobbying activities.

At present, the integration of the European retail mortgage market is leading the political agenda. TEGoVA responded to the European Commission's Green Paper on Mortgage Credit, recommending the application of EVS, and the Working Group will further accompany the integration process with respect to property valuation.

The valuation of property for accounting purposes is another area where the Group offers advice to TEGoVA on how to assist the European valuation profession. More specifically, the Group concentrates on fair value valuation of property, providing guidance on the application of EVS to the fair value valuation.

Finally, the Group is also following an initiative aiming at the the implementation of an EU-REIT (Real Estate Investment Trust) framework in order to further develop European property markets.

Director Brussels Office of the Association of German Pfandbrief Banks (vdp)

Coordinates:
Avenue Michel Ange 13
B-1000 Brussels

Tel: +32 2 732 46 38
Fax: +32 2 732 46 38

* Antonio Benvenutti (CNG, Italy)
* Leandro Escobar (ATASA, Spain)
* Jeremy Moody (CAAV, United Kingdom)
* Elias T. Ziogas (SOE, Greece)