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International and National Valuation Standards

Author

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  • Ewa Kucharska-Stasiak

Abstract

"Globalization process generated need for changes in real estate valuation system. A common denominator for national systems was required. International Valuation Standards, which not only standardize definitions and valuation process but also establish procedures and clarify valuation methodology, are the answer for those needs. The aim of the paper is to indicate that International Valuation Standards cannot be considered as competitive to National Valuation Standards. International Valuation Standards concentrate on procedural and definitional issues. They do not cover ethical guidelines for valuers and technical aspects of valuation methodology. The mentioned issues are mainly determined by institutional dimension of national real estate markets.""

Suggested Citation

  • Ewa Kucharska-Stasiak, 2009. "International and National Valuation Standards," ERES eres2009_386, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2009_386
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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