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Paper eres2007_236:
Practices of Real Estate Valuation in Greece

id eres2007_236
authors Triantafyllopoulos, Nikolaos
year 2007
title Practices of Real Estate Valuation in Greece
source 14th Annual European Real Estate Society Conference in London, UK
summary During the last years, the Greek real estate market has increasingly internationalized, mainly due to the financial liberalization. Globalization requires the broad use of the international valuation standards in accordance to the International Accounting Standards, under the pressures of EU and New Basel Accord. Traditional valuation practice in Greece faces a process of slow harmonization. This paper examines, the degree of variation between valuation standards and current practice, paying particular attention to the absence of an appropriate institutional framework for real estate valuations, and the main reasons of the lack of market transparency.
series ERES:conference
discussion No discussions. Post discussion ...
session Session D7: Valuation Practices in Emerging Markets
last changed 2009/11/19 09:01
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