EVS (European Valuation Standards) issued by TEGoVA contribute to the implementation of more objective market valuations of real estate and other types of property throughout Europe. Therefore, it is important to create uniform valuation standards for European market valuation appraisers.
TEGoVA activity associated with the release of the updated EVS (EVS 2009) under the designation “Blue Book” is important not only for developed European countries (UK, Germany, France, Italy, Denmark, etc.), but also for the EU candidate countries, and also for countries of the former USSR.
EVS plays an important role in unifying valuation methodologies applied by the member states of TEGoVA, and in the implementation of uniform terminology in the process of valuation.