RICS has engaged with senior academics, the IVSC and TEGoVA on this important area of change in the valuation of real estate for secured lending purposes. The report focuses on plans to implement Basel 3 in Europe through changes to the Capital Requirements Regulation, but the findings have global implications.
The independent report led by Professor Crosby of the University of Reading, UK and Professor Aart Hordijk, Tilburg University, The Netherlands (retired) is available here.
RICS will continue to work with partners to influence the development of policy and practice.
If you have any comments on the paper we would welcome your feedback to belder@rics.org
Approaches for Prudent Property Valuations across Europe Report (PDF 2.61MB)
Published date: 10 May 2021