European Valuation Conference “Statistical Methods of Property Valuation – Are They Legal”

27 February, Radison Blu Centrum Hotel, Warsaw

The exclusive use of statistical methods of valuation, including Automated Valuation Models (AVM), in the process of mortgage loan initiation and in the event of aa subsequent valuation review is contrary to European (and therefore Polish) law. Top speakers from Poland and abroad will explain why this is so and to what extent statistics and AVMs may be used in property valuation and market analysis.



On 28 October 2017 in Marseille, the TEGoVA General Assembly, by near-unanimity, approved the attached European Valuation Standard EVS 6 “Automated Valuation Models (AVMs)” and European Valuation Guidance Note EVGN 11 “The Valuer’s Use of Statistical Tools” and rendered them immediately operational. They are now an integral part of European Valuation Standards and are to be complied with by all members of TEGoVA’s 71 member associations including all REVs and TRVs.

President of NAVS will deliver a presentation on new EVS 6 and EVGN 11 in Warsaw

Danijela Ilic, FRICS, REV president of NAVS and member of the TEGoVA Board will deliver a presentation on new EVS 6 and EVGN 11, at the conference “European Valuation Standards with a focus on statistical methods of property valuation” which will take place in Warsaw on 27th February 2018. Danijela Ilic is the leading author of EVGN 11 .


Full text of EVS 6 and EVGN 11 in English you can find at, and translation on Serbian language can be required at the NAVS Secretariat at