The Valuation System in Belarus: Standards, Conception and Regulation
||Siniak, Nikolai; Rusijanov Leonid & Padunovich Innesa
||The Valuation System in Belarus: Standards, Conception and Regulation
||14th Annual European Real Estate Society Conference in London, UK
||The valuation system development was started in Belarus in 1992. Over the last fifteen years, the amount of valuations has increased rapidly due to the fast development of the Belarusian property market. Today the major clients for valuations are banks, enterprises, owners and investors; and the most commonly assessed value is the market value. But only 2006-2007 can be considered as the years when valuation system got legal and systematic background. The main documents, adjusting valuation activity in Belarus, are the Decree of the President of the Republic of Belarus ? 615 from October 13, 2006 "About valuation activity in Republic Belarus" and confirmed by Decree Statute "About valuation of the cost of a civil rights objects in Republic Belarus". In accord with the decree it has been developing the Belarusian valuation standards, system of attestation of valuers and ctr.
Post discussion ...
||Session D7: Valuation Practices in Emerging Markets
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