TEGOVA launches European Valuation Standards 2025 in lock-step with EU law
The National Association of Valuers of Serbia, a member of the European organization TEGOVA since 2011 and the only authorized for translating European valuation standards, announces the release of the new European Valuation Standards for Real Estate (EVS 2025), which are aligned with EU regulations.
Krzysztof Grzesik, Chairman of TEGOVA and Cédric Perrière, Chairman of the European Valuation Standards Board, said:
“Profound EU-led mutations since the 2020 edition explain the many new aspects of EVS 2025:
- EVS 6 Valuation and Energy Efficiency now sets out in detail the methodology the valuer must follow to determine Market Value in an EU-legislated context of rapid mandatory renovation of the worst performing building stock. The essentially residual approach adopted has also been enhanced by a review of the residual methods in Part II Methodology.
- The revised Capital Requirements Regulation’s valuation provisions – including a new ‘property value’ comprising ‘prudently conservative valuation criteria’ – are treated in depth in European Valuation Guidance Note (EVGN) 2 on Valuation for Mortgage Lending, a key tool for combining Market Value and ‘property value’ in the appraisal of mortgage collateral.
- A new Guidance Note (EVGN 4) on Valuation of Agricultural Property covers all aspects including climate change and technology and data.
- Part VI Valuation and Sustainability has undergone an in-depth revision and expansion to take account of the vast changes brought to land and buildings by the European Green Deal.
- Part X European Union Legislation and Property Valuation covers the extremely rich legislative production since the last edition.
The Minimum Educational Requirements (Part IV) have been modernised and the entire Blue Book has been reviewed to enhance its use as an essential and didactic practice tool that is also intelligible to clients and the authorities. A highlight of this effort is the complementing of the very successful EVS Valuation Report for Residential Property with template reports for office property (EVGN 3. II) and agriculture (Annex to EVGN 4).”
European Valuation Standards 2025 at: www.tegova.org
The European Group of Valuers’ Associations (TEGOVA) unites 74 national valuers’ associations from 38 countries representing 70 000 qualified valuers either self-employed or employed by specialist consultancies, private sector companies, government departments or financial institutions both local and international. Its European Valuation Standards (EVS) are cited as reliable standards for the valuation of residential immovable property for mortgage lending purposes in the EU Mortgage Credit Directive and have been given precedence over all other standards by the European Central Bank in successive editions of its Asset Quality Review manual for the updating of banks’ real estate collateral values.
Predexpo Serbia 2025 -10. srpska konferencija o razvoju nekretnina i infrastrukture – 18.6. u Hotelu Metropol Palas
Predexpo Serbia 2025
10. srpska konferencija o razvoju nekretnina i infrastrukture
održaće se 18. juna 2025. u hotelu Metropol Palas u Beogradu❗
Nakon 26 godina uspeha i iskustva u Atini, grad Beograd je domaćin Konferencije Prodexpo Srbija koja se fokusira na razvoj nekretnina i infrastrukture u Srbiji i jugoistočnoj Evropi. Konferencija će okupiti najuticajnije aktere u oblasti nekretnina za dan umrežavanja, učenja i poslovanja.
Sa zadovoljstvom vas obaveštavamo da je NUPS pokrovitelj ovog značajnog događaja, koji je uvršten u program kontinuiranog profesionalnog usavršavanja procenitelja.
Proceniteljski panel:
Unveiling new trends & valuing opportunities in the Serbian Property Market
A look at new market trends and the critical role of appraisers in identifying
and valuing opportunities within Serbia’s dynamic property sector
Za članove NUPS-a je obezbeđena specijalna cena sa popustom od 10%!
Registrujte se i osigurajte svoje mesto na konferenciji.
Popunjen prijavni formular (koji možete preuzeti na sajtu Prodexpo: https://9293953.fs1.hubspotusercontent-na1.net/hubfs/9293953/PRODEXPO%20SERBIA%202025%20Participation%20Form%20(2).pdf )
treba da pošaljete na email organizatora: marina.veljkovic@tsomokos.rs
Neophodno je da prilikom prijave naglasite da ste član NUPS-a.
March 2025 issue of European Valuer Journal
We are pleased to inform you that the March 2025 issue of European Valuer Journal can now be accessed on the TEGOVA European Valuer Journal home page, in desktop and mobile formats
Please note that proposals for articles from readers are always very welcome.
You can also find the journal on the our website at the following link: https://procenitelji.org.rs/library/tegova-journal/https://procenitelji.org.rs/library/tegova-journal/
The IVSC has published the Perspectives Paper: The Integration of ESG in Valuation Practices – IVSC Global Survey 2024.
🌍 Global Insights on ESG in Valuation
The IVSC has published the Perspectives Paper: The Integration of ESG in Valuation Practices – IVSC Global Survey 2024. This annual survey gathered insights from 542 valuation professionals across 85 countries, providing a detailed analysis of how Environmental, Social, and Governance (ESG) factors are influencing valuations.
The report explores:
– How ESG is being incorporated into valuations across markets and asset types.
– The opportunities and challenges in ESG integration, including data reliability and comparability.
– The role of International Valuation Standards (IVS) in supporting consistent and transparent practices.
The findings reflect diverse perspectives on ESG, with approaches varying across regions and industries. Whether you see ESG as an opportunity or have concerns about its practical implications, this report offers valuable insights into the evolving landscape.
Download the report to explore the global trends and contribute to the conversation: https://www.ivsc.org/esg-survey-2024/
TEGOVA launches European Valuation Standards 2025 in lock-step with EU law
TEGOVA launches European Valuation Standards 2025 in lock-step with EU law
The National Association of Valuers of Serbia, a member of the European organization TEGOVA since 2011 and the only authorized for translating European valuation standards, announces the release of the new European Valuation Standards for Real Estate (EVS 2025), which are aligned with EU regulations.
Krzysztof Grzesik, Chairman of TEGOVA and Cédric Perrière, Chairman of the European Valuation Standards Board, said:
“Profound EU-led mutations since the 2020 edition explain the many new aspects of EVS 2025:
The Minimum Educational Requirements (Part IV) have been modernised and the entire Blue Book has been reviewed to enhance its use as an essential and didactic practice tool that is also intelligible to clients and the authorities. A highlight of this effort is the complementing of the very successful EVS Valuation Report for Residential Property with template reports for office property (EVGN 3. II) and agriculture (Annex to EVGN 4).”
European Valuation Standards 2025 at: www.tegova.org
The European Group of Valuers’ Associations (TEGOVA) unites 74 national valuers’ associations from 38 countries representing 70 000 qualified valuers either self-employed or employed by specialist consultancies, private sector companies, government departments or financial institutions both local and international. Its European Valuation Standards (EVS) are cited as reliable standards for the valuation of residential immovable property for mortgage lending purposes in the EU Mortgage Credit Directive and have been given precedence over all other standards by the European Central Bank in successive editions of its Asset Quality Review manual for the updating of banks’ real estate collateral values.
New iiBV Course: Applying the Capital Asset Pricing Model to Business Valuations
We’re thrilled to announce the launch of our new course, Applying the Capital Asset Pricing Model to Business Valuations. This course is now available for purchase and is an excellent resource for professionals looking to deepen their knowledge and skills in business valuation.
Course Details:
Participants who complete the course will receive a certificate of completion, perfect for sharing on LinkedIn or other social media platforms to showcase their achievement.
New iiBV Course: Applying the Capital Asset Pricing Model to Business Valuations – Now Available!
We’re thrilled to announce the launch of our new course, Applying the Capital Asset Pricing Model to Business Valuations. This course is now available for purchase and is an excellent resource for professionals looking to deepen their knowledge and skills in business valuation.
Course Details:
Participants who complete the course will receive a certificate of completion, perfect for sharing on LinkedIn or other social media platforms to showcase their achievement.
Happy New Year and Merry Christmas!
Dear colleagues,
Due to the upcoming holidays, the NAVS Secretariat will be closed from Wednesday, January 1, 2025, to January 14, 2025.
Our first working day will be Wednesday, January 15, 2025.
At the end of another successful year, we wish to express our sincere gratitude for your dedication, professionalism, and contribution to the development of our profession. Your commitment to the standards and values of the appraisal profession lays a solid foundation for the advancement and growth of NAVS and the appraisal industry.
We wish you a New Year filled with even more success, satisfaction, and happiness, both professionally and personally.
Happy New Year and Merry Christmas!
EuroExpert Bulletin 16 July 2024
You can view the latest EuroExpert Bulletin by clicking on the following link: https://euroexpert.org/e-bulletin-2
You can also download it from our website: https://procenitelji.org.rs/library/euroexpert-bulletin/
Publication of the revised Capital Requirements Regulation in the Official Journal of the European Union
Today, the revised CRR was published in the OJEU in all 24 languages: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202401623. Being a Regulation, it requires no transposition into national law and comes directly into effect on 01.01.2025.
Prodexpo Serbia 2024 – 9th Serbian Real Estate & Infrastructure Development Conference
The Serbian Real Estate & Infrastructure Development Conference took place!
The 9th annual real estate conference was renamed to Prodexpo Serbia and it was held at the Metropol Palace Hotel in Belgrade, on April 25, 2024. Following 25 years of success and experience in Athens, the city of Belgrade hosted the Prodexpo Serbia Conference focused on the real estate and infrastructure developments in Serbia and Southeast Europe. The Prodexpo Serbia Conference gathered the most influential property players for a day of networking, learning, and transactions. The conference attracted highly relevant attendees from major real estate developers, construction groups, financial institutions, public sector companies, journalists, and independent real estate professionals from Serbia and abroad.
The Conference, one of whose sponsors was NAVS, was very successful.
The Valuers panel: “Has an investor changed through the time? New trends and demands,” held at the end and skillfully moderated by Danijela Ilić, President of NAVS, sparked great interest, encouraging constructive dialogue and the formulation of concrete conclusions.