European Standards for Statistical Valuation Methods
The Standards for Statistical Valuation Methods for Residential Property in Europe provide for the first time a coherent set of information and descriptions aimed at increasing the understanding, transparency and clarity on the wide array of existing Statistical Valuation Methods.
The standards focus on principles, definitions and minimum requirements for Statistical Valuation Methods applicable across European jurisdictions.
In addition, the standards include guidance with regard to the selection of the appropriate Statistical Valuation Methods, based on the capabilities of the methods themselves in relation to the actual context in which they are intended to be used.
The standards will be monitored, reviewed and updated regularly, based on stakeholder feedback and market needs.