I. THE VALUATION
I.1 Regulatory Framework
| a) Is there a legal framework in your Member State for the valuation of real estate for lending purposes (loan origination)? If yes: • Is this framework specifically for the valuation of real estate for lending purposes or are provisions enshrined in a broader piece of legislation? • Is it limited to the transposition of European or International Standards or is it broader in nature? • Please provide references and indicate whether it applies to both residential and commercial property. If there are differences between both property types, please explain. |
In addition to the Regulation (EU) No 575/2013 and the Regulation (UE) 2024/1623, in Italy, the valuation of real estate for lending purposes is regulated by: • Legislative Decree No. 72 of April 21, 2016, implementing Directive 2014/17/EU (Mortgage Credit Directive), which introduced, among other things, Article 120-duodecies (real estate valuation) into Legislative Decree No. 385 of September 30, 1993 (Consolidated Banking Act - TUB). This article requires the adoption of “reliable standards for the valuation of residential real-estate assets” when granting credit secured by a mortgage. https://www.bancaditalia.it/compiti/vigilanza/intermediari/Testo-Unico-Bancario.pdf • This article was implemented with the 17th update of Bank of Italy Circular No. 285 of December 17, 2013, which regulates, among other things: (i) the role of corporate bodies and corporate control functions in defining policies and processes for carrying out real estate valuation activities; (ii) requirements regarding the professionalism and independence of appraisers from the credit marketing process; (iii) outsourcing of real estate valuation activities to external appraisers; (iv) criteria for carrying out property valuations. https://www.bancaditalia.it/compiti/vigilanza/normativa/archivio-norme/circolari/c285/index.html The legal framework applies to both residential and commercial property. |
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| b) If there is no specific legal framework, is the valuation of real estate for lending purposes covered by other means, e.g. self-regulation, sector recommendations or supervisory guidance? | |
| c) Do national valuation standards exist? Is there any cross-reference to European and/or International Valuation Standards (EVS/IVS)? | |
| d) How has the regulator in your Member State transposed Article 19(1) of the MCD regarding “reliable standards” for the valuation of residential property (into legislation or delivered through a professional body)? Indicate whether and how “reliable standards” are defined and whether and how the content of those standards are prescribed. |
In Italy, the Italian Banking Association has established “guidelines for the evaluation of properties used as collateral for credit exposures”. These guidelines were developed in collaboration with the main national associations of expert valuers, as well as with the Royal Institution of Chartered Surveyors (RICS) and the European Group of Valuers’ Associations (TEGoVA). The guidelines are aligned with the EBA Loan Origination and Monitoring (LOM) approach, ensuring a standardised and reliable valuation process. The guidelines are used by banks and valuers. The Guidelines, referred to by the Bank of Italy itself in the regulatory impact analysis document accompanying the consultation process launched regarding the 17th update of Circular 285, are intended to respond to the principles set out in the current regulatory framework, in particular Article 120-duodecies of the TUB, which requires the adoption of "reliable standards for the valuation of real estate." They have been drawn up in the awareness that “to be considered reliable, valuation standards should take into account internationally recognised valuation standards” and in particular the most up-to-date versions of the IVSC’s International Valuation Standards, the European Valuation Standards, the RICS Valuation–Global Standards, and the Codice delle Valutazioni Immobiliari – Italian Property Valuation Standard Tecnoborsa Edition) in consideration of the national reality. abi.it/download/linee-guida-per-la-valutazione-degli-immobili-in-garanzia-delle-esposizioni-creditizie/?wpdmdl=29018&refresh=69174232958261763131954 In Italy there are also professional requirements for valuers: the valuation profession (engineers, architects, surveyors) must align with national norms (e.g., UNI 11558) and international standards (e.g., International Valuation Standards – IVS; European Valuation Standards – EVS) when performing valuations for credit collateral purposes. |
I.2 Valuation Bases & Methodology
| a) What valuation bases (Market Value, Mortgage Lending Value, etc.) are typically used in your Member State for the valuation of property for lending purposes (please disregard at this stage the specific requirements of Art. 229 CRR considering that the Property Value is not an independent basis of value). | In Italy is generally used the Market Value |
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| b) Based on what definition? Please provide the definition and reference to where it can be located. | We use the Market Value definition reported in Regulation 575/2013/EU and referred to in the “guidelines for the evaluation of properties used as collateral for credit exposures”. |
| c) In case other valuation bases are used in your Member State for the valuation of property for lending purposes, please specify the effect, if any, on the final valuation. | |
| d) Depending on the valuation base used, which valuation approaches or methods (comparison, income, cost, etc.) are typically applied in your Member State to value properties for lending purposes in each category? | The applied methodology depends on the type of property and on the available data. Typically for residential real estate the comparison approach is used. For income producing property the financial method is used. |
I.3 Valuation Report: Form & Content
| a) Does the legal or professional framework in your Member State specific to the valuation of properties provide minimum requirements in terms of the form and content of the valuation report? If yes, please indicate what these minimum requirements are. |
The "Guidelines for the Valuation of Properties Used as Collateral for Credit Exposures" establish that the form, content, and length of the valuation report are at the discretion of the bank, corporate or association entities, or the valuers, provided they comply with the guidelines themselves, without prejudice to legal requirements. Specifically, the guidelines, which refer, among others, to the EBA LOM, establish that the valuation report must contain the following minimum information: • Identification of the parties: Client (person who ordered the valuation); valuer (name, surname, register/order, qualification); Party requesting the loan. • Date: Date of inspection Date of valuation. Date of valuation report • Inspection: Verification of property characteristics, consistency, state of maintenance, , environmental factors, easements, and rental status. • Property Identification: Location and Description and Access • Ownership and Easements: Notary Deed or Appropriate Document; Verification of Active/Passive Easements • Building and Urban Planning Legitimacy • Estimated Value with Indication of Valuation Method • Limitations and Assumptions • Declaration: Compliance with Guidelines |
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| b) Should the form and content of valuation reports be prescribed, are there differences between residential and non-residential properties? Please describe as appropriate. | The form and the content (minimum information) is the same for residential and non-residential but the applied valuation methodology is different. |
| c) If the form or content of the valuation report are not prescribed, what form does the valuation report typically take? Please specify differences between residential and commercial property valuation reports. |
I.4 Technology & Valuation
| a) Does the legal or professional framework in your Member State provide specific rules/guidance on the use of digital valuation tools (AVMs, Artificial Intelligence etc.)? If yes, what does this consist of and is it restricted to a particular type of property? Please specify whether there is a correlation with the requirements of Article 208(3a) CRR and of section 7.4 of GLOAM or whether the latter provisions are of stand-alone application in your Member State. | The "Guidelines for the Valuation of Properties Used as Collateral for Credit Exposures” are aligned with the EBA Loan Origination and Monitoring (LOM) approach, ensuring a standardised and reliable valuation process. Notably, the guidelines also encompass the use of Automated Valuation Models (AVMs), providing a framework for their application in property valuations. This inclusion reflects the growing role of AVMs in the valuation process, offering a balance between traditional valuation methods and modern technological advancements. |
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| b) For what purpose are digital tools and/or AI employed in your Member State? - Mortgage origination, monitoring and review of property values, revaluation etc. - Capital requirements, covered bond funding, securitisation transactions, mortgage portfolio risk management etc. |
Currently, in general,banks do not use artificial intelligence in the credit granting process or in the real estate valuation process. In some cases: - digital tools are used to collect documentation for appraisals; the process of assigning and managing a property appraisal is conducted through an IT workflow, with appraisals drafted and delivered in digital format. - an AVM tool is purchased from a third-party vendor to analyze and evaluate the accuracy of the property values expressed by appraisal firms in the Individuals' origination appraisals. The analysis is performed semi-annually and includes all individual origination appraisals. |
| c) Scope of digitisation: Please determine the scope of automated and digitised tools in your Member State. Are they confined to data collection, do they deliver reliable property values or are they even used to produce full or partial valuation reports including description of locations, infrastructure, building characteristics etc.? If the latter is the case, is internal data used or it is permitted to purchase data from an external data provider? |
With respect to the Performance Evaluation Process of Appraisal Companies in the individual residential sector, some banks adopt AVM for backtesting purposes by using data and property values produced by a third-party provider. Those data and values are not used to produce appraisal reports or other reports. In other cases, the real estate valuation is entrusted to external data provider. |
| d) Quality requirements: How are the reliability of the tools and their outputs assessed, e.g. by controlling the inputs, back-testing, supervision and/or plausibility checks by valuers etc.? |
In some cases, based on the report produced by the third-party provider that classifies the appraisals as "valid," "plausible," and "critical," banks carry out manual in-depth analyses of the appraisals classified as "critical" by the bank's internal appraisers. In other cases, the appraisal reports are first subjected to the providers' internal quality controls, which meet specific certifications. Then, banks review the appraisals by relying on a third-party appraisal firm. |
| e) Do you foresee an increase in the use of automation and digitisation of property valuation processes in the future? Please describe potential technological developments which could impact the valuation profession and accelerate its transformation, notably through the use of AI. |
AI can be increasingly used in the appraisal field to gather increasingly timely information on the asset being valued, even pre-compiling the appraisal report and leaving the appraiser solely responsible for the on-site inspection and verification of the resulting congruence Furthermore, with the widespread and intensive use of the AVM methodology, it will be necessary to analyze large volumes of data with AI to obtain more accurate and faster estimates. Finally, with the introduction of Property Value, which is the long-term value of the property, the analysis of historical and current data will allow for greater confidence in future price trends. |
I.5 ESG, climate risk, transformation risk
| a) How are ESG factors and climate risk taken into consideration in the valuation process? Do Market Values and/or Mortgage Lending Values reflect the ESG characteristics of properties? |
The "Guidelines for the Valuation of Properties Used as Collateral for Credit Exposures" in a specific appendix provide a series of insights that can be useful for the valuer as a starting point for evaluating the degree of energy efficiency and "safety" of the properties in the estimation of their market value. With specific reference to the practices used by banks, in some cases, ESG factors and climate risk are internalized in the appraisal, and banks require the appraiser to take them into account when calculating the asset's value. In the presence of high physical risk, when assessing the credit, some banks prudentially reduces the maximum LTV ratio allowed by bank regulations, for example, by a minimum of 5%. In other cases, currently, physical risks are simply detected, but not used for property valuation purposes. |
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| b) Are there rules in your Member State requiring assessment of EU Taxonomy alignment of a property in the valuation report and the subsequent impact of compliance/non-compliance on property values? | No |
| c) Are digitised tools and AI applied in order to capture and/or measure the impact of ESG factors and climate risk on property values? | No |
I.6 Market Initiatives
| a) Please describe any market initiatives which have been undertaken in your Member State (including cross border initiatives) and which have promoted market best practices and/or transparency of valuation practices. |
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II. THE VALUER
II.1 Regulatory Framework
| a) Is property valuation a regulated profession in your Member State (through legal, regulatory or statutory rules)? | In Italy, property valuation may be performed by several professional figures; in particular, valuation reports can be carried out by professionals registered with official professional bodies such as engineers, architects, agronomists. |
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| b) Is the use of the title of valuer protected in your Member State? If yes, by whom? | The title “valuer” is not legally protected; however, the use of officially recognized professional or certified designations—such as those issued under UNI 11558, TEGoVA’s REV/TRV accreditations, or the RICS (Royal Institution of Chartered Surveyors) certification—is strictly regulated by their respective accredited or professional bodies. |
| c) If the title of valuer is not protected in your Member State, how do lenders ensure that they work with ‘qualified’ valuers? Are there ‘professional’ certifications for property valuers in your Member State? If yes, please name them. | Please refer to the previous answer 2.1 b) |
| d) Is the regulatory or professional framework the same for all valuers, whether they value residential and/or commercial property? Or are there differences? Please describe as appropriate. | The general regulatory and professional framework for property valuation is the same for all valuers, regardless of whether they appraise residential, commercial, industrial, or special-purpose properties |
II.2 Qualification and Independence
| a) The qualified valuer • How has the regulator in your Member State transposed the requirements of Article 19(2) of the MCD, of Articles 229(1) and 208(3b) of the CRR regarding the instruction of “professionally competent valuers” or valuers who possess the “necessary qualifications, ability and experience” (transposition through legislation or by self-regulation)? Indicate how professional competence and qualification requirements are prescribed. |
The requirements have been transposed in Italy through prudential regulation issued by the Bank of Italy Bank of Italy Circular No. 285 of 17 December 2013 (Part I, Title IV, Chapter 3, Annex A, Paragraph 2.2.1 https://www.bancaditalia.it/compiti/vigilanza/normativa/archivio-norme/circolari/c285/aggiornamenti/Aggiornamento-n-50-del-26-agosto-2025.pdf) and operationalized via self-regulation in the banking sector, through the Guidelines for the Valuation of Properties Used as Collateral for Credit Exposures. These guidelines (see requirement R.2.3 – Valuer’s definition - abi.it/download/linee-guida-per-la-valutazione-degli-immobili-in-garanzia-delle-esposizioni-creditizie/?wpdmdl=29018&refresh=69174232958261763131954) embody the banking sector’s harmonized interpretation of what “professionally competent valuers” and “independent” must be. |
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| a) The qualified valuer • If professional competence, qualification, ability and experience requirements are not prescribed, what is general practice with regard to professional qualifications? |
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| b) The independent valuer • How has the regulator in your Member State transposed the provision in Article 19(2) of the MCD or in Articles 229(1) and 208(3)(b) of the CRR regarding “sufficient independence from the credit underwriting process” or “independence from the loan processing and loan decision process” (through legislation or delivered through self-regulation)? Indicate whether and how the requirement is defined and whether and how it is prescribed. |
Please refer to previous answer 2.2 a) |
| b) The independent valuer • If “sufficient independence” is not prescribed, what is general practice to ensure the valuer is unbiased and not subject to undue pressure? |
II.3 External vs. Internal
| a) Does the legal or professional framework in your Member State specific to the valuation of property for lending purposes lay down rules for banks and lenders as to whom they may use to value properties? • If yes, do credit institutions have the possibility to employ both internal and external valuers? • Is one type of valuer typically employed more frequently than the other? |
yes through prudential regulation issued by the Bank of Italy Bank of Italy Circular No. 285 of 17 December 2013 (Part I, Title IV, Chapter 3, Annex A, Paragraph 2.2.2 https://www.bancaditalia.it/compiti/vigilanza/normativa/archivio-norme/circolari/c285/aggiornamenti/Aggiornamento-n-50-del-26-agosto-2025.pdf) Italian banks adopt different approaches. For example: - the internal valuers are used to review all appraisals that have a financing amount greater than € 3 million for the corporate segment and € 1 million for the individual segment - there is exclusive use of external experts and there is no preference whatsoever, as appraisal tasks are assigned randomly through a computerized process. |
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| b) If there is/are no legislation/rules regarding the use of external and internal valuers, what is typical practice? |
II.4 Professional Indemnity Insurance
| a) Does the legal or professional framework in your Member State specific to the valuation of property for lending purposes require: • Valuers to have professional indemnity insurance cover? • Lenders to use only valuers covered by professional indemnity insurance? |
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| b) If there are no such requirements, how are lenders/valuers covered for the risk? • Is/are there legislation/rules in your Member State determining the responsibility of the valuer vis-à-vis his client? If yes, please describe the legislation/rules and the responsibility of the valuer. |
III. VALUATION & CAPITAL REQUIREMENT
| a) Property Value How are the Property Value requirements of Article 229(1) CRR transposed in your Member State: • by calculating the Mortgage Lending Value • by Market Value adjustments ◦ adjustments determined by the valuer on a single property by property basis ◦ adjustments determined by the credit institution on a portfolio level based on internal historic market data series ◦ adjustments determined by the credit institution on a portfolio level based on data provided by external research institutes or data providers |
Currently there is not a unique, clear and formal transposition of the Article 229 (1). A specific methodology has not yet been defined. In general, In Italy, the property value is determined and provided by the appraiser - a natural person or a subject organised in the form of a company or association - as required by the CRR The “guidelines for the evaluation of properties used as collateral for credit exposures” are aligned with the Regulation (EU) 2024/1623 amending Regulation (EU) No 575/2013. Notably, the guidelines introduce the concept of "Property Value " and the description of the requirements that valuation of immovable property shall meet in order to take into account the provisions of Regulation (EU) 2024/1623. The guidelines report that, taking into account the provisions of the art. 229, paragraph 1, letter b), point (ii), the "Property Value" could be "derived" from the market value " where such market value can be determined;" Considering that the elements that characterize the definition of the market value are not entirely satisfied, in estimating the "Property Value" it seems appropriate, inter alia, to refer to specific assumptions which must be rational, objective ( or at least plausible) and motivated. In this regard, the valuer could determine possible scenarios of evolution of the real estate cycle of the market segment to which the property belongs in order to express an opinion regarding the placement of the market value of the property being estimated within the identified cycle. In a profoundly evolving valuation scenario, which requires further investigation, the ABI guidelines working group is working to develop a specific methodological Appendix on the determination of the "Property Value" as this methodology has not yet been defined in detail for this value. |
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| b) Monitoring of property values Has the regulator in your Member State laid down criteria regarding "more frequent monitoring where the market is subject to significant changes in conditions"? |
No. In Italy, the provisions of regulation Regulation (EU) No 575/2013 apply. As answered in the previous question, The “guidelines for the evaluation of properties used as collateral for credit exposures” are aligned with the Regulation (EU) 2024/1623 amending Regulation (EU) No 575/2013. These guidelines report what is established by Article 208, paragraph 3, of Regulation (EU) No. 575/2013. It is up to the Banks to better lay down the monitoring requirements, by internal rules and policies. |
| b) Monitoring of property values Has the regulator in your Member State laid down criteria regarding “advanced statistical or other mathematical methods” complying with the technical requirements of Article 208(3a) CRR? |
See previous answer |
| b) Monitoring of property values Please provide an overview of the different statistical methods/tools complying with Article 208(3a) CRR applied by lenders in practice. |
Some banks monitor the value of the collateral property frequently, at least annually for non-residential properties and once every three years for residential properties, using statistical methods independent of the credit decision process and meeting the conditions set forth in Article 208, paragraph 3-bis. In detail, banks monitor the value of properties securing mortgages semi-annually, using a statistical methodology based on real estate market indices provided by external providers. This methodology is based on an estimate of market value obtained from the initial origination appraisal and subsequent update reports, adjusted based on real estate market trends. This methodology is applied to both residential and non-residential real estate values. |
| c) Review of property values and revaluation • Has the regulator in your Member State laid down criteria which define “review” of the property valuation? If so, what are the minimum and maximum periods within which a review must be conducted? Based on which criteria? |
See answer letter a) with reference to the specific practices of the banks. some Banks fulfill their obligations regarding the monitoring of registered real estate and movable assets (ships and aircraft) held as collateral in accordance with the provisions of the CRR (Article 208). a) Banks monitor the value of the collateral property frequently, at least annually for non-residential properties and once every three years for residential properties, using statistical methods independent of the credit decision process and meeting the conditions set forth in Article 208, paragraph 3-bis. See answer lett. b) b) Banks conduct more frequent reviews if market conditions are subject to significant fluctuations. The property's valuation must be revised when available information indicates that its value may have decreased significantly compared to general market prices (the "validity from appraisal date" requirement). c) For mortgages exceeding €3 million or 5% of the Bank's regulatory capital, the assessment must be updated by an independent appraiser at least every three years. This requirement also applies to the Advanced Internal Rating Based (AIRB) portfolio. d) Banks, in accordance with the guidelines of the European Banking Authority (EBA), carry out annual monitoring of non-performing mortgage exposures whose residual debt exceeds €300,000. e) The review/update of the real estate value is carried out by an appraiser/appraisal company that has the necessary qualifications, skills and experience to carry out an assessment and that is independent from the credit decision process (so-called "independent appraisal" requirement) f) Banks must also monitor the value of ships and aircraft and update the appraisal on an annual basis, always by an appraiser/appraisal company that has the necessary qualifications, skills and experience to carry out an assessment and that is independent from the credit decision process |
| c) Review of property values and revaluation • Has the regulator in your Member State laid down criteria which define “material decline relative to general market prices”? How are ESG-related considerations assessed as an indicator for a material decline? |
No |
| c) Review of property values and revaluation • Please provide a description of how ‘reviews’ are carried out in your Member State, e.g. by a new full-size valuation report, a desk-top valuation, a valuation certificate, a plausibility assessment or alike. What criteria are used to determine how the reviews are to be carried out? |
Some banks, to monitor the value of registered real estate/movable assets, use the following statistical valuation criteria based on real estate market indices provided by external providers. Furthermore Banks identify the following specific categories of loans/relationships that require an analytical revaluation, unless otherwise specifically required to be assessed on a case-by-case basis. IN detail, Banks has determined that for Real Estate Financing loans, the new appraisal will be a Full appraisal, while for other areas, based on the complexity of the transaction, determined by a combination of the type of property being appraised (e.g., shopping center, hotel, industrial plant, etc.), the loan amount, and the age of the appraisal, it may decide whether to proceed with a Drive-by (external inspection) or Desktop appraisal by a reputable appraiser/appraisal company. In other cases, banks realize New full-size valuation report. |
| c) Review of property values and revaluation • For the calculation of average values in accordance with Article 229 (1)(e) CRR in the context of upward revisions of values, are there any guidelines from regulators or lenders addressing the data points to be used and the comparability of properties? Please indicate whether there are requirements from regulators or lenders for ‘sufficient data’ and ‘unequivocal increases of value’. |
No |
IV. VALUATION OF THE COVER POOL
| a) Are valuation rules for cover assets provided at national level in accordance with Article 6(5a) CBD? Are they provided by national covered bond legislation or by professional guidance/standards? |
At the beginning of 2023, Italy has completed the transposing of the European covered bond legislation, which has become effective from the 31 March 2023. The national legislation is regulated by the Title I-bis of the law n. 130/99 - introduced by the legislative decree n. 190/2021 – and by the secondary disposals of the Bank of Italy which amended the Circular n. 285/2013. The discretion provided for in Article 129(3) of Regulation (EU) 575/2013 (CRR) as amended by Regulation (EU) 2024/1623 (CRR3), for the purpose of valuing immovable property, has not been exercised by the Bank of Italy. |
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| b) What valuation bases apply for the valuation of cover assets (Market Value, Mortgage Lending Value)? | |
| c) In the case of Market Value valuations, are there any prudential or longer term/sustainable features of the property to be considered? If yes, to what extend? | |
| d) How is the requirement that the valuation shall be carried out by a valuer who possesses the necessary qualifications, ability and experience transposed in your Member State (Article 6(5b) CBD)? Are there specific qualification requirements for valuers? | |
| e) How is the requirement that the valuer shall be independent from the credit decision process transposed in your Member State (Article 6(5c) CBD)? | |
| f) Are there differences in valuation rules and/or qualification requirements with regard to the property type (residential vs. commercial properties) or to the loan amount? | |
| g) Are there specific monitoring, review and revaluation requirements for cover pool assets at national level (see Article 129(3) CRR referring to Article 208 CRR)? | |
| h) Do regulators of your Member State provide a waiver from the limitation of calculating average values for cover assets in case of upward revision of values (Article 129(3) second subpar. CRR)? |
V. OTHER
REGULATORY HARMONISATION AND NATIONAL DIVERGENCES
| 1. What challenges does your Member State face in harmonising with EU regulations (e.g. legal, technical, market-related)? |
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DATA QUALITY, TRANSPARENCY AND COMPARABILITY
| a) What data sources are typically used by valuers in your Member State, and to what extent do they comply with Article 208(3a) of the CRR? |
Valuers use a broad mix of public, private, and field data sources, ensuring comprehensive, verifiable, and independent information: • Official and Public Data Sources: Land Registry (Catasto), “Conservatoria dei Registri immobiliari” and OMI database from “Agenzia delle Entrate”; ISTAT (italian National Statistics Institute; • Private Data sources: (i.e. Idealista, Immobiliare.it, Nomisma, Scenari Immobiliari) As far as it concerns the Energy and building registries (i.e. Energy Performance Certificate (EPC) databases) data do not have always fully open access are not collected or accessible through a single, national-level database |
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| b) What measures have been taken to improve transparency and comparability of valuation data within your Member State? | Currently, the valuation data are fragmented and not fully open accessible. |
| c) Is there a central database or platform for sharing valuation data in your Member State? | No, there is not a central database for sharing valuation data. |
EDUCATION, TALENT PIPELINE AND PROFESSIONAL DEVELOPMENT
| a) What training programs or continuing education opportunities are available for property valuers in your Member State? | There are different training programs and continuing education programs, mainly proposed by organizations, private entities, professional bodies. |
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| b) Is there collaboration between universities, professional bodies, and regulators to ensure a sustainable pipeline of qualified valuers? | Yes, there is collaboration between universities, professional bodies and regulators to assure a pipeline of qualified valuers, with mandatory training courses and certifications |
| c) How does the EU regulatory environment influence the development and attractiveness of the valuation profession? | Currently there is no clear evidence (supported by data, survey) of any positive or negative effect of the EU regulatory on the development of the valuation process or the attractiveness of the valuator profession |
FUTURE TECHNOLOGICAL AND REGULATORY DIRECTIONS
| 1. What technological developments are expected to impact valuation processes in your Member State over the next five years? |
In the next five year, potential impacts on the valuation process could by due to the progressive development, expansion and exploitation of the A.I applications, specific for the real estate sector. In parallel the expansion and exploitation of the BIM Building Information Modeling application could improve data availability and transparency. |
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