The innovation of aggricultural valuation methods Sebastiaan Roggeveen MSc BBE Real Estate Valuation Expert Dutch association for Real Estate Brokers and Valuers ID: 540062
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ADDED VALUEThe innovation of aggricultural valuation methods
Sebastiaan Roggeveen MSc BBEReal Estate Valuation ExpertDutch association for Real Estate Brokers and Valuers NVM
1Slide2
AgendaValuation standardsDutch National playing fieldAdded
value NVMNew Real Estate valuation Method2Slide3
NVM organisation3179 residential re valuers634 commercial re
valuers 116 agricultural real estate market3Slide4
Valuations standards
4International Valuation Standards (IVS)
European
Valuation
Standards (EVS)
International Financial Reporting
Standars
(
IFRS)
valuation
standard
annual
Report, Accountants,
study
books
valuation
practice
Slide5
Playingfield
of the
valuation
standards
5
ECB
IVS
EVS
RICS
Red
Book
NVM
VBO
VastgoedPro
TEGoVA
Blue
Book
Register Dutch
Valuers
REV
MRICSSlide6
NRVT GOALS
Promote professionalizationPromote transparency process of real estate valuation
Clarity
for clients
Forecast: clients ask RT title as a requirement
Integrity
Objectivity
Independence
Professionality
Uniformity
transparency
6Slide7
Added Value NVM7
Secure quality
Compliance or
fail
Innovation
Compliance
and
improveSlide8
Developments valuation marketIn commercial real estate the quality requirements increase:- International guidelines: Both IVS and EVS
- Establishment NRVT For the agricultural sector we deal with these developments directly as the NVM expects similar requirements to be demanded.8Slide9
|
9
Valuation methodsSlide10
4 methods 6 sectorsThe comparison method
- Discounted Cash Flow (DCF)- Balance initial yield (SAR)- Adjusted Replacement ValueGreenhouse cultivationChicken farmingPig FarmingC
ow
farming
Horse
farming
Crop
farming
10Slide11
11More transactions for farmhouses
22% more transactions in 2015Slide12
SARexample12
Sold farmhouses in 2015Slide13
Interests of the clientValuations focused on a specific sector gives:- enhanced insight into realistic values
- more transparency in development of report- Insight into business management- Reliable outcomesImproved risk analysisValuation report meets all requirements (NRVT and EVS)13Slide14
Practical Guideline 2.014Slide15
Thank you
for your attention15s.roggeveen@nvm.nl