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Will investors standardize appraisal practices in the European Union? The ROZ/IPD Netherlands index experience

Aart C. Hordijk (Director of Raad voor Onroerende Zaken (ROZ), The Council for Real Estate in The Netherlands)
James C. Condit (Appraisal Institute Observer to The European Group of Valuers’ Association (TEGOVA); he is also a member of the European Real Estate Society (ERES))

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 December 1997

Abstract

For ages, the diverse histories and cultures of European nations have challenged professionals and politicians who have attempted to refine international co‐operation and trade. The turbulent history of the attempts to develop a single European market and European currency attests to that. Efforts to standardize appraisal practices have been no less challenging. Three groups have been prominent in this effort: Inter‐European appraiser organizations, professional organizations, and the real property investors. Experience with the ROZ/IPD Index (a comparative data analysis) indicates that the investors are forcing the creation of national and international appraisal standards in order to accomplish their investment goals and minimize risk.

Keywords

Citation

Hordijk, A.C. and Condit, J.C. (1997), "Will investors standardize appraisal practices in the European Union? The ROZ/IPD Netherlands index experience", Journal of Property Valuation and Investment, Vol. 15 No. 5, pp. 479-496. https://doi.org/10.1108/14635789710189254

Publisher

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MCB UP Ltd

Copyright © 1997, MCB UP Limited