At the initiative of associations, that are TEGoVA members, which have capital valuators among their members, but also because of the increasing interest of real estate valuers who want to diversify their services on the market, to the TEGoVA Management Board has proposed the preparation of European Business Valuation Standards. TEGoVA Management Board approved this initiative and put it to the vote at the General Assembly in Athens. The initiative was approved also by the General Assembly and that represents a revolutionary step towards in the development of the TEGoVA because until now it was recognized as an organization that brings together the best experts in the field of real estate valuations, publishes European standards for real estate valuation and professional marks REV, REVC and TRV
As soon as possible, TEGoVA will bring together a commission of top experts from the ranks of its members and begin to prepare European standards for business valuations. These standards will primarily be adapted to the needs of the real estate valuators, who also works on business valuations.
In the future, TEGoVA will be analyzing necessary and lacking knowledge and skills with the real estate valuers that want to develop in the field of business valuations. TEGoVA will support educational initiatives aimed at providing such programs.