Reports

Report on Comparable Evidence in Property Valuation

PRICING TO MARKET: an investigation into the use of comparable evidence in property valuation by Professor Nick French.

Author: Pr. Nick French

Statistics in the Context of Economic Theory and the Limits of Automated Valuation Models in the Valuation of Individual Properties

This ground breaking publication tackles the inadequacies of statistical methods of valuation and AVMs head on and is sure to provoke much welcome debate about the essence of valuation work.

Author: Pr. Dr. Ewa Kucharska-Stasiak, University of Łódź.

Assessing the Accuracy of Individual Property Values Estimated by Automated Valuation Models

Much has been written of late about how AVMs will supposedly transform the valuation profession in the future. Yet the focus has been rather on marvelling at the data mining techniques employed by AVM operators. Few have questioned the accuracy or lack of accuracy of their product.

Thus in response to demand from valuers, TEGoVA commissioned Professor Matysiak to produce this innovative work which provides simple guidelines to valuers on what they need to know in order to assess the accuracy or helpfulness of any particular AVM in valuing individual properties.

Author: Pr. George Andrew Matysiak, Cracow University of Economics.

The EU REIT and the Internal Market for Real Estate

In November 2007 the European Landowners Organization (ELO), the European Property Federation (EPF), the Royal Institution of Chartered Surveyors (RICS), The European Group of Valuers' Associations (TEGoVA) and the Urban Land Institute Europe (ULI Europe) published a report on the EU Real Estate Investment Trust or EU REIT.

Authors: Prof.dr Piet Eichholtz / Drs Nils Kok, Maastricht University.

European Property and Market Rating

In November 2003 TEGoVA published a valuers guide on <i>European Property and Market Rating.</i>

Results of the country ratings for 19 countries:

Austria

Belgium

Czech Republic

Denmark

Finland

France

Germany

Greece

Hungary

Ireland

Italy

Netherlands

Poland

Portugal

Spain

United Kingdom

European Mortgage Securitisation: A Valuer's Guide

On 7 November 2002, TEGoVA published <i>European Mortgage Securitisation: A Valuer's Guide</i> to coincide with its Annual Conference on the subject in Paris. The Guide seeks to introduce valuers to the securitisation process, particularly Mortgage Backed Securities (MBS), reveal the workings of the current MBS market in Europe and inform about the transparency in the valuation process required by originators, rating agencies and investors who commission the valuations.

The full text of the report is available to download here.

An Emerging European Valuation Research Agenda

TEGoVA commissioned research from academics at the Universities of Ulster, Reading and Aberdeen in the UK on the <i>Emerging European Valuation Research Agenda</i>. Their findings were revealed by Professor Alastair Adair of the University of Ulster on 1 November 2001 at TEGoVA';s 2nd Annual Conference entitled 'Towards and Efficient European Property Market'. The full text of their report is available to download here.