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European Valuation Standards (EVS)
TEGOVA has published European Valuation Standards since the early 1980s. This, the ninth edition, is effective from 1 January 2021.The digital version of the book is downloadable from this page.
EVS 2020 (The Blue Book)
INTRODUCTION
by Michael P. Reinberg PHD REV FRICS CRE, Chairman of the European Valuation Standards Board
Building on the foundation of its predecessors, this ninth edition was designed with the particular objective of providing standards that are relevant and easily comprehensible to valuers, clients and the public authorities. All sections have been reviewed in that light, and all new parts passed through that filter.
EVS 2020 enhances European valuation practice with:
- Greater clarity on the key concept of Market Value, compensating flaws that have crept into various language versions of EU law;
- A common European Valuation Report for Residential Property;
- Energy efficiency valuation upgraded to Standard level;
- New Guidance Notes and Information Papers on subjects of real interest to practicing valuers;
- Clarification of the role of advanced statistical models in line with the new EBA Guidelines;
- A comprehensive approach to Valuation Methodology including detailed exposition of key concepts such as income approach and depreciated replacement cost;
- A unique, landmark exposé of European Union Legislation and Property Valuation enabling practicing valuers to understand how much of the real estate regulatory environment is based on EU law, equally valuable to European and national supervisory authorities, policy makers and academics.
The Standards were designed in the belief that the valuation profession must be conscious of the real added value that quality valuation brings to markets and society and must imbue clients and public authorities with an understanding of how the valuer reached the determination of value.
It was a collective effort based on a clear concept of the needs of society and the future of the profession.
EVS 2020 is effective from 1 January 2021.
EVS 2016
If you would like to consult the 8th edition of the Blue Book (EVS 2016), please click on the following link.