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Representing Valuers

TEGoVA engages with the European Commission, the European Parliament, other European authorities and organisations (such as the European Property Federation and the European Mortgage Federation) on property valuation issues.

One 2012 example of this work is the draft Mortgage Credit Directive. This is one of the EU’s reactions to the property aspects of the financial crisis. There have been proposals from the European Parliament for the Directive to be prescriptive as to valuation methods but these seem to be receding, following action by TEGoVA. The Directive still seems likely to require that valuers for secured lending be independent and that member states keep lists of valuers.

This work also means that membership of TEGoVA helps the CAAV to keep track of non-agricultural issues in Brussels that could affect members as well as help the CAAV ensure that the concerns of British rural valuers are not unconsidered in EU policy making.

TEGoVA also reaches further afield as its Chairman has contacts with other international valuation bodies including the Vancouver Accord on environmental issues and valuations

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