Educational programme of real estate valuation Spring 2022 – REGISTRATION IS IN PROGRESS!

The education program “Real Estate Valuation” in the spring cycle begins on March 21, 2022.

More information about the program can be found in the Agenda Procena vrednosti nepokretnosti Proleće 2022 Web

You can apply by sending the FormularPrijave-ApplicationForm RE Mart WEB  to the address of NUPS office@procenitelji.org.rs

Registration is in progress!

7th Serbian Property & Infrastructure Development Conference 22.03.2022

We invite you to register for 7th Serbian Property & Infrastructure Development Conference – organized by TGI International Group on Tuesday, 22 March 2022.

7th Serbian Property & Infrastructure Development Conference is an event in Serbia for the exchange of ideas and information about the Property & Infrastructure Development sector in Serbia and the wider region. It features presentations from the most senior members of the local business community, government officials of the highest. It also attracts more than 250 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. This year’s Conference will provide valuable insight into challenges and opportunities in property & infrastructure projects, real estate & infrastructure financing trends & issues, the future of commercial & logistics real estate and retail & shopping centres, construction industry scope, property valuations and other core industry topics.

More details about the conference, key topics, speakers and sponsors you can find on the following link: https://www.realestateconference.rs/

See the Draft Agenda (as of 7th February)  here: 7. RE & Infrastructure Development Conference draft agenda as of February 7

Below you can Find:

Participation Form – for participation in hotel Metropol

Participation Form – online participation – for online participation

A discount is provided for NAVS members.

Valuing Real Estate Fractions – Valuation Methodology by Dennis A. Webb, ASA, MAI, FRICS – 25.02.2022.

We are pleased to invite you to register for ONLINE seminar scheduled for 25 February,2022 at 14:00h CET with theme – Valuing Real Estate FractionsValuation Methodology by Dennis A. Webb, ASA, MAI, FRICS – a business and real estate appraiser, former syndicator and engineer.

 

ABSTRACT

The factional interest valuation methodology is multidisciplinary, developed on the basis of a generally accepted income approach, having a specific application for real estate, but also includes methods and data which are used in business valuation.

 

On the link you can find biography of the instructor.

Dennis A. Webb MAI, ASA, FRICS – bios

 

Associated with NAVS – National Association of Valuers of Serbia, D.Webb held first part of online seminar on 18 February 2022 – Valuing Fractional Interests in Real Estate- Introduction to Real Estate Fractions, and 2 more are planned for:

25 February 2022 – Valuing Fractional Interests in Real Estate – Valuation Methodology

4 March 2022 – Valuing Fractional Interests in Real Estate – Application Software

 

Attendance on this online seminar brings you 2 points for CPD – Continuing Professional Development for REV certified valuers . Also, according to the RICS system for CPD qualifying activities which is based on personal assessment i.e. individual member deciding which activities are relevant for their professional development, we recommend this seminar for your personal professional development in valuation profession.

Also, this seminar is a part of continuous education of members of  American Society of Appraisers (ASA) and the Appraisal Institute (AI).

 

Seminar will be broadcasted via online web platform (we will send you the link). Participants will be able to send questions to speakers via CHAT on the platform.

 

Fee for 25 February is:

Fee is 70 EUR (+VAT)

For members of NAVS fee is 50 EUR (+VAT)

 

You can register by sending an email to office@procenitelji.org.rs (name of the participant, email address, information about payer)

 

Valuing Real Estate Fractions – Introduction to Real Estate Fractions by Dennis A. Webb, ASA, MAI, FRICS 18 February 2022

Dear colleagues,

 

We are pleased to invite you to register for ONLINE seminar scheduled for 18 February,2022 at 14:00h CET with theme – Valuing Real Estate FractionsIntroduction to Real Estate Fractions by Dennis A. Webb, ASA, MAI, FRICS – a business and real estate appraiser, former syndicator and engineer.

 

Associated with NAVS – National Association of Valuers of Serbia, D.Webb will have 3 online seminars:

18 February 2022 – Valuing Fractional Interests in Real Estate- Introduction to Real Estate Fractions

25 February 2022 – Valuing Fractional Interests in Real Estate – Valuation Methodology

4 March 2022 – Valuing Fractional Interests in Real Estate – Application Software

 

First session – INTRODUCTION  begins with an examination of partner motivations, intangible value sources,

changing conditions and all-to-often difficult outcomes. It then shows how and when to apply fair value standards, allowing for recognition of intangible and personal attributes of the interest in the hands of both buyer and seller. The valuer can be very helpful in guiding the parties to ask the right questions, and hopefully make such deals without litigation.

 

Fractional ownership is normally created because the parties perceive intangible benefits from their venture. Otherwise, why would anyone pay more than their proportionate share to get into a restricted, illiquid real estate deal? Intangible benefits are often very real, and allow for ventures and investments that would never be achievable otherwise. But these benefits erode over time as issues are revealed and conflicts arise. Circumstances and partners’ objectives change, and, in time, partners are succeeded by the next generation.

 

Here you can find the abstract and biography of the instructor: Introduction to Real Estate Fractions – Webb – ABSTRACT 18.02.2022

 

Attendance on this online seminar brings you 2 points for CPD – Continuing Professional Development for REV certified valuers . Also, according to the RICS system for CPD qualifying activities which is based on personal assessment i.e. individual member deciding which activities are relevant for their professional development, we recommend this seminar for your personal professional development in valuation profession.

Also, this seminar is a part of continuous education of members of  American Society of Appraisers (ASA) and the Appraisal Institute (AI).

 

Seminar will be broadcasted via online web platform (we will send you the link). Participants will be able to send questions to speakers via CHAT on the platform.

Seminar will be available only in scheduled time in Belgrade time zone (CET).

 

Fee for 18 February is:

Fee is 70 EUR (+VAT)

For members of NAVS fee is 50 EUR (+VAT)

 

You can register by sending an email to office@procenitelji.org.rs (name of the participant, email address, information about payer)

Business Valuation course – iiBV 103 on Serbian language

We are pleased to announce that we are continuing the educational program “iiBV – Business Valuation courses” organized by the National Association of Valuers of Serbia in cooperation with iiBV – International Institute for Business Valuation and for the first time it will be in Serbian language.

 

iiBV 103 on Serbian language will be held:  

07  February – 11 February 2022

The lectures will be held via online platform – Zoom and by qualified lecturer. 

 

You can find the Agenda and Application form on the link: Agenda iiBV 103  i FormularPrijave-ApplicationForm-iiBV103 Februar 2022

 

Educational courses iiBV 101 and 102, iiBV 103 and 105 are recognized by the American Society of Appraisers – ASA. Successful completion of these courses forms a part of the requirements for obtaining a globally recognized professional designation – ASA for business valuation appraisers.

Notice – closing NAVS Secretariat for the holidays

We are closing NAVS Secretariat during the holidays in the period from 31.12.2021. till 09.01.2022.

First working day is Monday 10.01.2022.

We wish everyone happy holidays and all the best in the upcoming 2022. year.
Merry Christmas and a Happy New Year!

Development Valuations and Viability Studies by Nick French – ONLINE seminar on Monday 29 November

Real Estate Development

Development Valuations and Viability Studies

 

Development Appraisal is undertaken for two principal reasons:

  • To determine the value of land and/or buildings where development is likely to release latent value.
  • To determine the viability of a development in terms of profitability

 

In this lecture, the distinction between the two tasks will be clarified and discussed and all relevant mathematical models and techniques will be considered.

 

COURSE DIRECTOR

Nick French
Real Estate Valuation Theurgy, Property Education

Chichester, West Sussex, UK

 

Course content

To be successful, the developer of commercial or residential property needs to understand all aspects of the property market and the construction cycles. In particular, there is an intrinsic link between the profitability of a development and the state of property investment market at the time of delivering the new building to the market.

This course aims to provide delegates with an understanding of the process by which developments are assessed from simple heuristic benchmarks through to detailed cash flows and viability studies with sensitivity analysis.  It looks at current market conditions and the uncertainties that arise from developing in a downturn.

 

This course will cover:

  • Residual Calculations for Development Valuations
  • Residual Calculations for Viability Studies (including Forecasting and Expectations)
  • Measures of profitability (including Scenario/Sensitivity Analysis)

 

Agenda is below (hours expressed in CET – Belgrade time zone) :

14.00 DEVELOPMENT VALUATIONS VS VIABILITY STUDIES
A short revision of the role of the valuer/analyst and the distinction between valuations and viability studies

14.30 APPROACHES, METHODS and MODELS
A discussion of development valuations in the context of definitions and requirements on valuers (TEGOVA EVS)

14.45 THE RESIDUAL MODEL FOR MARKET VALUE
The application of implicit and cash flow models for market pricing

15:20 Comfort Break

15:30 THE RESIDUAL MODEL FOR VIABILITY STUDIES
The application of implicit and cash flow models for determining profit

16:30 THE RESIDUAL MODEL – Sensitivity modelling
Development is fraught with uncertainty and it is important to understand the upside and downside risk of any project.

17:00 INDIVIDUAL WORK ON CASE STUDY

18:30 Close

 

Live stream of the online seminar will be broadcasted via NAVS platform. Participants will be able to ask questions through chat or email and the professor will answer after the seminar. Participation in this seminar will bring you 6 CPD points for REV continuous professional development.

You can register at office@procenitelji.org.rs 

CEPEJ – Guidelines on videoconferencing in judicial proceedings

The European Commission for the efficiency of justice (CEPEJ) of the Council of Europe adopted guidelines on videoconferencing in judicial proceedings at its Plenary meeting in June 2021.

The guidelines include also proposals for the use of evidence giving experts during the
remote hearings.

You can find guidelines at CEPEJ official website at: CEPEJ – Guidelines on videoconferencing in judicial proceedings

EXPERTS TALK SERIES – Technology and the future of Real Estate – Andrew Baum and Danijela Ilic 2nd November

We are pleased to invite you to register for ONLINE seminar on Tuesday, November 2nd at 15:30 CET with the name of EXPERTS TALK SERIES – Technology and the future of Real Estate. with Professor Andrew Baum FRICS and the moderator of event Danijela Ilić, FRICS, REV, REV-BV. Below you can find more details about webinar, abstract and meet the speakers through their biographies.

 

ABSTRACT:

Real Estate is a slow-moving asset class, and the real estate industry is highly conservative. However, Real estate has been changing rapidly in the last decade under the pressure of Sustainability regulations and the emergence of a large number of innovative Proptech solutions, and the COVID-19 pandemic has only accelerated those changes. The drivers of Real Estate change have been identified through climate change, requirements for immune / healthy buildings and accelerated digitalization. Will the new priorities of investors in Real Estate and occupants requirements lead to partial or complete loss of value in certain types of real estate due to inflexible space and lack of possibility of easy and cost-effective change of use? Smart buildings with flexible uses, “self-sufficient” in the sense that they produce the necessary energy and process wastewater themselves, equipped with touchless technology and an intelligent air quality monitoring system, attract attention and become an investor’s priority. Application of the “big data” platforms changes the way buildings are constructed and

maintained as well as the way buildings are managed. How do these changes affect the work of Real Estate professionals?

 

To whom it is intended:

The expert discussion is primarily intended for real estate professionals and all persons dealing with real estate, whether in the legal or financial domain.

 

Participating Expert: Prof. Andrew Baum FRICS

Andrew Baum is Emeritus Professor at the University of Oxford, where he set up and led the Future of Real Estate Initiative. He is also Professor Emeritus at the University of Reading. He is Chairman of Newcore Capital Management, a real estate fund manager focussed on alternatives, and advisor to several property organisations. He holds BSc, MPhil and PhD degrees from the University of Reading, and is a graduate of the London Business School investment management programme, a chartered surveyor and a qualified member of the CFA institute (ASIP). He has held senior positions with Grosvenor, Nuveen, CBRE Global Investors and others.

Baum’s PropTech 3.0: The Future of Real Estate was the most downloaded Oxford/Saïd Business School report in 2017, and the most downloaded Proptech report on Infabode. Andrew Baum also was winner of the UK PropTech Association Special Achievement award for 2019. Baum’s new book with David Hartzell (Real Estate Investment: Strategies, Structures, Decisions, Wiley Finance) was published in January 2021.

 

Moderator: Danijela Ilić, FRICS, REV, REV-BV

Danijela is qualified property valuer with over 35 years of experience in property industry, out of which 18 years of experience in property valuation in Serbia.

She is the founder and President of National Association of Valuers of Serbia – NAVS(2006). Under her leadership, NAVS became a member of IVSC in 2009, TEGOVA in 2011, iiBV in 2016 and EuroExpert in 2018. She was a member of TEGOVA management board 2014 – 2021, a member of TEGOVA’s European Valuation Practice and Methodology Board and current Chairman of the European Business Valuation Standard Board. She has participated in translation of EVS and IVS into Serbian language as of 2007.

 

Attendance on this online seminar brings you 2 points for CPD – Continuing Professional Development for REV certified valuers. Also, according to the RICS system for CPD qualifying activities which is based on personal assessment i.e. individual member deciding which activities are relevant for their professional development, we recommend this seminar for your personal professional development in valuation profession.

 

Seminar will be broadcasted via online web platform (we will send you the link). Participants will be able to send questions to speakers via CHAT on the platform. Seminar will be available only in scheduled time in Belgrade time zone (CET).

 

Fee is 70 EUR.

For members of NAVS fee is 50 EUR.

 

You can register by sending an email to office@procenitelji.org.rs

Report of the RICS-NAVS conference – Is the Future of Real Estate now? held on 7th September 2021

On Tuesday 7th September 2021 was held RICS and NAVS joint annual conference with the theme: “Is the Future of Real Estate now?”

The Live stream of the conference was held online via a web platform with the participation of 12 speakers, experts from Serbia, Montenegro, Romania, Poland, Czech Republic and Netherlands.

During 3 sessions was the discussion on the effects of the pandemic on the market and construction with an emphasis on sustainability, green and healthy construction, laws and regulations regarding climate change, energy passports, EPCs, and also discussion on desktop valuations and databases and the role of valuers in all of the above.

Beside speakers, this year’s conference was attended by over 110 participants from the country and the region.

You can see the detailed agenda of the conference and the names of the speakers here – Agenda 7 September ENG

See a few pictures from the online conference and conference sponsors below: