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Is there a basis for a common real estate valuation syllabus?

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  • Richard Grover
  • Ion Anghel

Abstract

For a common real estate valuation syllabus to be created for universities and professional bodies to follow throughout the world, there needs to be a degree of consensus about how valuers should approach their task. If such consensus can be reach then mutual recognition of valuers and valuation certificates will be aided. The paper presents the result of research undertaken in 2006 and 2007 under a Leonardo da Vinci project which was concerned with the development of a training programme for real estate tax valuation. As part of this work a study was undertaken of the valuation standards, codes of conduct, measurement standards, valuer qualifications and training, and valuation methods used in Greece, Hungary, Romania and UK. The research suggests that there is a fairly high degree of consensus about how valuations ought to be undertaken. There are differences in standards in some key areas and in the transparency of property markets and availability of market data. The survey suggests that the development of a common syllabus ought to be feasible.

Suggested Citation

  • Richard Grover & Ion Anghel, 2008. "Is there a basis for a common real estate valuation syllabus?," ERES eres2008_edu_108, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2008_edu_108
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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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