TEGoVA Autumn Meetings in Malahide Co Dublin, a Record Breaking Success!
- European Valuation Conference
- Appraisal Institute and TEGoVA sign Mutual Recognition Agreement
- European Valuation Standards Board reconstituted
- European Valuation Practice and Methodology Board Inaugurated.
- Membership reaches 64 associations from 35 countries
European Valuation Conference
A record breaking 420 valuers and other real estate professionals from 30 countries, including Canada and USA attended a European Valuation Conference in Malahide Co. Dublin on 21 October 2016, organised by TEGoVA's Irish member, The Institute of Professional Auctioneers & Valuers (IPAV). The conference titled "Valuation Quality - A Pillar of Financial Stability in Europe & Beyond" was opened by Alan Redmond, President IPAV and a keynote address on "the important role of valuers" was delivered by John Curran TD, Ireland Chair of the All-Party Olreachtas Social Protection Committee.
The highpoint was a presentation by UK's Professor Neil Crosby on the Impact of Long Term Valuations on Financial Stability. Other speakers included Krzysztof Grzesik, Chairman, TEGoVA, Roger Messenger, Chairman, European Valuation Qualifications Board, Nick Millard, President CAAV, Jeremy Moody, Secretary and Advisor to CAAV, Dan Brewer, President Appraisal Institute of Canada, M. Lance Coyle, Immediate Past President, Appraisal Institute and David Magor, CEO, IRRV. The Conference Moderator was Luke Brucato from Italy.
Historic signing of a Mutual Recognition Agreement
The event provided the perfect opportunity for a historic signing of a Mutual Recognition Agreement between the Appraisal Institute from the USA and TEGoVA. A key provision of the Agreement states " AI and TEGoVA have considered each other's standards, ethics and designation or title and have concluded that they advance high levels of achievement in the real property valuation profession and excellence in the performance of real property valuation. Therefore AI and TEGoVA hereby formalise these findings by stating that they mutually recognise the professional excellence of their respective standards, ethics and qualifications"
The following day, 91 delegates representing valuation associations from 30 countries attended the Autumn General Assembly of TEGoVA. Debate was focused on Automated Valuation Models, the Dutch Parliament's breach of EU law in permitting the use of "pure" AVMs at the mortgage initiation stage and the lobbying efforts of TEGoVA and its Dutch members (NVM, VBO Makelaar & Vastgoed Pro to overturn the offending law. In this connection presentations were delivered by KrzysztofGrzesik, Chairman TEGoVA, Hans Van den Heuvel (VBO) and Michael MacBrien (Secretariat).
There was also an announcement about the members of a newly constituted European Valuation Standards Board (EVSB) as follows:
- AEVIU: Alberto Cabrera
- AFREXIM: Gareth Sellars
- ANEVAR: Anamaria Ciobanu
- ARE: Michael Reinberg (Chairman)
- ASSOVIB: Silvia Cappelli
- AVAG: Angelos Simos
- BDVI: Wolfgang Glünz
- CAAV: Jeremy Moody (Vice-Chairman)
- NVM: Sebastiaan Roggeveen
- PFVA: Marek Wiśniewski
The delegates also endorsed the establishment of a new TEGoVA Board namely The European Valuation Practice and Methodology Board (EVPMB) constituted as follows:
- AEV: Estanislao de Kostka de la Quadra-Salcedo Capdevilla
- AFREXIM: Philippe Guillerm
- ANEVAR: Dana Ababei
- ASAVAL: Adriano Callé Lucas
- ATASA: Leandro Escobar
- AVAG: Theodor Konstantapoulos
- CAAV: Nick Millard
- NAVS: Danijela Ilic
- ÖVI: Georg Flödl
- VÖB: Stephan Zerbe
There were also presentations by Sebastiaan Roggeveen (NVM) on Valuation Standards, Ian McCarthy on the Irish Property Market", Ronald D. Worth, Executive Director of the International Association of Assessing Officers (IAAO) and Keith Lancastle (AIC) who encouraged European valuers to attend the AIC/AI International Valuation Conference in Ottawa on 8 to 11 June 2017.
Finally the following associations were admitted as TEGoVA members:
IEV - Institute of Estimation and Valuation - ISTITUTO di ESTIMO e VALUTAZIONE (E-VALUATIONS)
TAA - Turkish Appraisers Association - TÜRKİYE DEĞERLEME UZMANLARI BİRLİĞİ (TDUB)
UABVS - Ukrainian Association of Bank Valuation Specialists - АСОЦІАЦІЯ СПЕЦІАЛІСТІВ БАНКІВСЬКОЇ ОЦІНКИ УКРАЇНИ (АСБОУ)
Next General Assembly
The next TEGoVA General Meeting and European Valuation Conference will be held in Belgrade on 20-22 April 2017.