The procedures established by Euroval in the preparation of appraisal reports are perfectly systematized in such a way that our technical and administrative team is coordinated in their preparation.

The reports are prepared using standardised methodology, in accordance with the purpose described and taking into account the nature of the asset to be valued. The steps that are taken once the order is received are the following:

• Once the documentation provided by the client has been obtained, the technical team will visit the site real estateand make the necessary checks to ascertain the characteristics and real situation of the property being worked on, contrasting its physical characteristics with those contained in the documentation provided.
• It analyzes the use and protection regime, possession, occupation, and other physical, legal and urban characteristics of the real estate.
• Depending on the type of real estate asset, and the consideration of this and its purpose, Euroval’s technicians apply the most appropriate methodology to produce this report.

This process involves the use of internationally recognised valuation methods and techniques:

• For regulatory purposes, those set out in Ministerial Order ECO 805/2003, on rules for the valuation of goods real estatesand certain rights for certain financial purposes. Regulations of obligatory application in Spain for purposes.
• International valuation standards SVI
• European Valuation Standards EVS
• RICS regulations. If required, Euroval has a team of technicians accredited by the Royal Institute of Chartered Surveyors.

In accordance with Law 2/1981 of 25 March on the Regulation of the Mortgage Market, in order for a Society of appraisal can issue a valuation report that is valid against financial institutions as well as public and government bodies, whatever the purpose for which it is proposed, it is necessary for this company to be previously approved by the Banco de España. Euroval has had this approval since 1990, as well as that of the Spanish National Securities Market Commission (CNMV), which ensures that any report carried out will be fully valid before administrative bodies as well as banking and financial institutions in general. We have quality certification from AENOR and IQNET.

All this guarantees us as a serious company, with independence and reliability when carrying out the works and orders that are asked of us, offering our clients the greatest possible satisfaction.

Euroval is always governed by the principles of rigour, independence and objectivity. Rigor is ensured by the strict valuation rules to which we are subject, which establish the methodology and valuation criteria most appropriate to the purpose of the report. Independence is safeguarded by the composition of the company’s shareholders, administrative body and experts, who are not linked to any person, company or entity that may generate a conflict of interest with the assets to be evaluated or expert witnessed. We are solely and exclusively dedicated to valuation, both in Spain and in other countries, acting in accordance with the regulations established in this respect and monitored by the system of supervision to which the company is subject, which guarantees its objectivity.

For all the above reasons, we offer you the preparation of this type of report with a methodology in accordance with the nature of the asset and the purpose of the report, and, where appropriate, in accordance with the requirements of the regulations in force. Euroval is a company approved by the Bank of Spain and by the CNMVIn addition, our reports appraisal have a total guarantee of objectivity.