The theme of this year's annual conference of The European Group of Valuers Association (TEGoVA) held last week in Paris, France, was asset finance and securitization. One topic generating a buzz at the conference was the new guidance for European real estate valuation set to be unleashed next year that will put real estate valuers on equal footing, and could lead to increased issuance of European mortgage backed securitizations.
"The target is to make sure there is a real understanding of the securitization process among European valuers, as well as the development of more innovative financial instruments providing opportunities for debt, mezzanine and equity providers to generate profit," said a spokesman with the group. "Demands relevant to property valuation are growing and can differ according to property. As long as you have a long-term commitment you will need to have details on the property."