RICS EVS IVSC Valuation

At Euroval, we abide by the standards established for RICS EVS IVSC valuation.

Our RICS EVS IVSC valuation is prepared under a regulatory system based on compliance with certain standards, among which we can highlight:

Internal Code of Conduct, RIC: Regulates professional behavior.
Code of Ethics: Regulates conflicts of interest, professional ethical duties, etc.
Basic principles: Contains the practical principles.
Continuous training: Tool to keep knowledge constantly updated.

Euroval offers the possibility of performing:

Valuations under the standards established by RICS

(Royal Institution of Chartered Surveyors)
The purposes of the RICS valuation cover a wide field, fundamentally with the common objective of knowing the market value of an asset and complying with certain regulatory precepts. Among them, those related to financial statements, advice and consulting in general stand out.

Valuation under the standards established by the European Valuation Standards EVS

(European Valuation Standards),
in its latest 2012 version published by TEGOVA (The European Group of Valuers’ Associations).

Valuations under the standards established by IVS

(International Valuation Standard)
The International Valuation Standard Committee, IVSC, has been working since 1994 to develop homogeneous international valuation standards, in Spanish Normas Internacionales de Valoración.

Company Approved by the Bank of Spain

and registered with the National Securities Market Commission, CNMV

Frequently Asked Questions

What is the Valuation Performed under the Standards Established by the International Valuation Standard Committee, IVSC?

The IVSC constitutes a regulatory system that is based on compliance with certain internationally recognized standards, among which we can mention the code of conduct and the valuation standards themselves, which contain the basic principles of valuation.

All these standards are included in the White Paper, which establishes the rules to follow to comply with these standards. The Euroval team of appraisers complies with these minimum guidelines using internationally recognized valuation methodologies.

What Purposes Does a Valuation Performed under IVSC Standards Serve?

The purposes cover a wide range, with the common goal of knowing the market value of an asset and complying with certain regulatory precepts. Among them, those related to financial statements, related accounts, loans and mortgages stand out. In summary, the most outstanding applications are the following:

Valuation for financial statements.
Valuation for loan purposes.
Valuation of public sector assets for financial reports.

However, it does not present differential elements in terms of purposes with respect to other valuation standards. That is, in principle it does not present incompatibilities with what is established in certain regulations.

With regard to financial statements, it seeks to ensure that international valuation standards are homogeneous with the valuation requirements established in the IFRS, which includes the IFRS for the private sector published by the IASB and the international accounting standards for the public sector published by the IFA.

Who might be Interested in a Valuation Performed under IVSC Standards?

In a current economic situation, it is essential to have a valuation performed under the highest professional standards and carried out with strict rules of professional ethics. If we add to this that many of the operators are immersed in cross-border operations, carrying out valuation reports under internationally recognized standards, such as those established in the IVSC, becomes vitally important. Euroval is aware of this from the outset, so it is perfectly prepared and qualified to meet these demands with full guarantee, offering our clients maximum security and professionalism.

It is highlighted to supranational companies, investors, economic agents, financial entities, and in general any entity or person interested in demanding information of this type for decision-making.

How Does Euroval Perform a Valuation under IVSC Standards?

The regulations proposed by the IVSC cover standards, applications and guidance notes, the latter providing guidance in relation to specific valuation issues, such as the valuation of intangibles or the valuation of movable property.
The regulatory system, based on basic principles established by the IVSC, is complemented by those internal rules that Euroval has established and that any professional immersed in the company is obliged to comply with.
To carry out a valuation under IVSC standards, it starts initially from strict compliance with the rules contemplated in the White Paper. Additionally, depending on the nature of the asset and the purpose of the report, different and sometimes complementary methodologies are applied, but always internationally recognized.

Who should Perform a Valuation under IVSC Standards?

At all times, the valuation reports are carried out by teams of experts in the matter and in the sector, in order to apply the established rules and requirements homogeneously and justifiedly and always adapted to the purpose of the report and the type of asset to be valued.

How Long Would it Take to Receive the Report?

Euroval’s experts adapt to the client’s needs and initially offer a term according to the scope of the work itself.

How much Does a Valuation Report Performed under IVSC Standards Cost?

The fees for these services are very reasonable and more than compensate for the economic advantages they provide.

Do not hesitate to contact customer service, which, depending on the nature and volume of the assets to be valued and the purpose of the request, will provide you with a budget according to your needs.

Why Euroval?

Euroval is governed at all times by the principles of rigor, independence and objectivity. The rigor is ensured by the strict valuation standards to which we are subject, which establish the methodology and valuation criteria most appropriate to the purpose of the report. The independence is safeguarded by the composition of the shareholding, administrative body and experts of the company, who are not linked to any person, company or entity that may generate a conflict of interest with the assets to be evaluated or expertized. We dedicate ourselves solely and exclusively to valuation, both in Spain and in other countries, acting according to what the regulations establish in this regard and supervised by the supervisory system to which the company is subject, which guarantees its objectivity. For all of the above, we offer you the preparation of this type of report with a methodology according to the nature of the asset and the purpose of the report, and where appropriate, according to the requirements of current regulations. Euroval is a company approved by the Bank of Spain and by the CNMV, our valuation reports have a total guarantee of objectivity.