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<Valuation in Europe

The crisis made valuation high priority for EU policy makers. By identifying poorly or creatively valued properties as a key factor in the financial industry's meltdown, the EU put the spotlight on the systemic importance of reliable valuation standards and qualified professionals. By providing European markets with both, The European Group of Valuers' Associations (TEGoVA) buttressed market stability and boosted the "market value" of its members, especially those holding TEGoVA's professional credentials.

Article by Roger Messenger, Vice-Chairman of TEGoVA and Michael MacBrien, Adviser of TEGoVA in the VALUER, the magazine of UK's Institute of Revenues Rating & Valuation (IRRV).