prEVS 875-5

The EVS 875 standard series applies to property valuation. The scope of the standards covers activities related to property valuation and the use of valuation reports, particularly activities connected with loan collaterals and financial reporting. The users of the standards include valuers, real estate, construction, environmental specialists, financial reporting professionals (accountants, auditors), credit institutions, and higher education institutions. The standard series provides a basis for a uniform approach to property valuation, meeting the needs of both the private and public sectors.
This standard addresses the principles of valuation for financial reporting and lending purposes. It is a revised version of EVS 875 5:2016 “Property Valuation. Part 5: Valuation for Financial Reporting Purposes” and EVS 875 6:2016 “Property Valuation. Part 6: Valuation for Lending Purposes”. The standard covers valuations performed by external valuers for lending purposes. Applying this standard to internal valuers is not fully possible or reasonable due to specific regulatory differences.