Maximum transparency, certainty, cost-effectiveness and the opportunity for a more fluid credit disbursement: these are the basic principles of the new Abi Guidelines on real estate valuations used, in terms of branches, already by about 73% of the banking world, by all orders and colleges representative of licensed appraisal professionals, and by numerous real estate appraisal firms.
Market value, code of conduct for Appraisers, valuation procedures and methods, market comparison method, financial method: these and many other principles that will allow real estate valuations to be carried out according to parameters of clarity and transparency towards all contacts both private (borrowing customers, rating agencies, etc.) and institutional (Bank of Italy, Agenzia delle Entrate formerly Agenzia del Territorio, etc.).
This was communicated by the ABI, highlighting that, in collaboration with the professional associations of appraisers, Tecnoborsa and Assovib, it also sent a document of proposals to the Bank of Italy following the public consultation procedure to incorporate the European regulations on real estate loans into our legal system .
The objective of the document, developed within the framework of the Technical Table that created the Guidelines, is to guarantee ever greater transparency and fairness in real estate appraisals, which already see Italy at the forefront in Europe. In recent days, the consultation ended with a positive result.
The significant recovery of the mortgage market is also confirmed, with a positive change also in the outstanding amount of 1,8% in July 2016 compared to July 2015, quality and efficiency of real estate appraisals become fundamental in loan disbursement operations.
