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| News / CEMP 2003 |
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| The problems of Pan-European Property Valuation, to be analyzed at the BMP?s Symposium |
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| Sunday, 05 October 2003 |
| The Symposium session organized by TEGoVA will analyze the problems of Pan-European Property Valuation |
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| After a late start, cross-border property investment in the European Union is now expanding exponentially. Europe is the great frontier. Yet an essential ingredient is lacking: a common approach to property valuation enabling investors to compare the assets in their European portfolios. The approach to valuation varies according to country. In some places it is very professional and regular, in others less so. European property investors need urgently harmonized valuation methods enabling easy comparison of property in different countries. There is no need for EU legislation, European valuers can do it. TEGoVA, the European Group of Valuers? Associations, has organized a session at BMP?s Symposium dealing with this very matter: ?Common European Valuation Standards?Bringing the Light to European Property Investment?. Moderator: Raymond Trotz, President of TEGoVA and Executive VP of Hypo Vereinsbank AG; Panellists: Peter Champness, Joint Managing Director of KTI, the Finnish Institute for Real Estate Economics and Patrick Simon, Chairman of ATIS REAL Expertim and ATIS REAL Auguste-Thouard Conseil.
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