Commercial real estate: We are specialized in the valuation of commercial real estate in Flanders, Belgium. We perform valuations of commercial real estate ranging from retail to warehouses, offices, factories, other industrial real estate and so much more.
TEGOVA - The European Group of Valuers' Associations - is a European non profit making association composed of 71 valuers' associations from 37 countries representing more than 70.000 valuers in Europe.
TEGoVA is the European organisation of national associations from Europe and beyond, uniting valuation professionals, either self-employed or working for real estate property consultancies, private and public sector companies, investment funds, banks or government departments. It sets European standards for valuation practice, education and qualification as well as for corporate governance and for ethics for valuers through its European Valuation Standards. It speaks with a common voice on valuation to European legislators and policy makers. You can find more information via this link.
REV status is the mark of excellence in real estate valuation, demonstrating to international and local clients that the valuer is qualified to a consistent high European standard of practice. Since its inception it has been awarded by leading valuation associations across Europe. The letters 'REV' enable cross-border real estate investors to identify local valuers qualified to a recognisable European level. This gives both large and small local valuation firms the opportunity to tap into the steadily increasing market for pan-European investor clients. Yet REV's greatest impact is on local clients. In times of economic uncertainty, local clients seek out professionals with special knowledge and experience who can help them make difficult investment and pricing decisions. Here, the competitive edge for REV valuers lies in their guaranteed minimum level of education and experience and the capacity to interpret global and local valuation impacts that comes from demonstrated familiarity with European Valuation Standards. REV valuers display the initials 'REV' after their name on their business cards, are provided with a numbered REV impress stamp on their valuation reports and appear on the TEGOVA REV online register consulted by clients and practitioners from all over Europe. You can find more information via this link.
Sebastian Vanoverschelde REV has certificate number REV-BE/UGEB-ULEB/2024/1. The official list of TEGOVA Recognized European Valuers (REV) can be found via this link to the official website.
The European Valuation Standards are a set of TEGOVA technical documents, periodically updated, including all TEGOVA standards, as well as guidance notes, information papers, codes and specifications as agreed. These EVS can be found in the TEGOVA Blue Book.
The international Basel agreements seek to impose a prudent framework for banking and so set out a basis for calculating the amount of capital that a lending institution should hold against its liabilities.
The European Central Bank ECB instructed the major Eurozone banks in 2014 that the European Valuation Standards EVS should be applied for the valuation of real estate property: "Real estate should be valued in line with European Standards EVS (Blue Book) and other international standards such as the Royal Institute of Chartered Surveyors RICS guidelines – where a conflict is seen EVS will apply." (source : Asset Quality Review, ECB, March 2014)
Directive European Parliament: "It is important to ensure that the residential immovable property is appropriately valued. In order to be considered reliable, valuation standards should take into account internationally recognised valuation standards, in particular those developed by the International Valuation Standards Committee, the European Group of Valuers’ Associations TEGOVA or the Royal Institution of Chartered Surveyors RICS." (source : Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014)
The insurance sector is now governed by the Solvency II regime under the framework Directive 2009/138/EC. In addition we refer to the following legislation for investment funds : "Alternative Investment Fund Managers Directive 2011/61".
For valuation of commercial real estate following the EVS by TEGOVA we cover the region of West Flanders and East Flanders in Belgium.