International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in Ukraine
The aim of the article is to justify promising areas for the harmonization of national approaches to valuation of property for lending purposes with international and European standards based on comparing their structure and content. The carried out analytical review of the modern mortgage banking m...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
PH "INZHEK"
2018-12-01
|
| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2018-4_0-pages-216_225.pdf |
| _version_ | 1797331924290633728 |
|---|---|
| author | Dunas Nataliia V. |
| author_facet | Dunas Nataliia V. |
| author_sort | Dunas Nataliia V. |
| collection | DOAJ |
| description | The aim of the article is to justify promising areas for the harmonization of national approaches to valuation of property for lending purposes with international and European standards based on comparing their structure and content. The carried out analytical review of the modern mortgage banking market in Ukraine and European countries made it possible to identify key trends, obstacles, and risks of its functioning, in particular, in the aspect of valuation of property for lending purposes. The factors that adversely affect the ability of the mortgage market to be a strong full link between the financial market and the real estate market in Ukraine, as well as to stimulate the country’s socio-economic development in the long term, are substantiated. The author describes foreign initiatives regarding the standardization of property valuation based on a comparative analysis of the structure and methodology of valuation in accordance with the European Valuation Standards EVS-2016 and the International Valuation Standards IVS-2017. There justified promising areas for the harmonization of the national valuation standards with consideration for international approaches to valuation of property for lending purposes, which will provide for eliminating methodological differences in valuation activity and increase its integration in both the commercial real estate market and the mortgage banking market in Ukraine. |
| first_indexed | 2024-03-08T07:42:20Z |
| format | Article |
| id | doaj.art-c9404ac5a32b4f6ab99490be5dfe423c |
| institution | Directory Open Access Journal |
| issn | 2222-0712 2311-1186 |
| language | English |
| last_indexed | 2024-03-08T07:42:20Z |
| publishDate | 2018-12-01 |
| publisher | PH "INZHEK" |
| record_format | Article |
| series | Problemi Ekonomiki |
| spelling | doaj.art-c9404ac5a32b4f6ab99490be5dfe423c2024-02-02T17:08:40ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862018-12-01438216225https://doi.org/10.32983/2222-0712-2018-4-216-225International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in UkraineDunas Nataliia V. 0Candidate of Sciences (Economics), Associate Professor, Department of Finance, Banking and Insurance, Lviv Educational-Scientific Institute of the University of BankingThe aim of the article is to justify promising areas for the harmonization of national approaches to valuation of property for lending purposes with international and European standards based on comparing their structure and content. The carried out analytical review of the modern mortgage banking market in Ukraine and European countries made it possible to identify key trends, obstacles, and risks of its functioning, in particular, in the aspect of valuation of property for lending purposes. The factors that adversely affect the ability of the mortgage market to be a strong full link between the financial market and the real estate market in Ukraine, as well as to stimulate the country’s socio-economic development in the long term, are substantiated. The author describes foreign initiatives regarding the standardization of property valuation based on a comparative analysis of the structure and methodology of valuation in accordance with the European Valuation Standards EVS-2016 and the International Valuation Standards IVS-2017. There justified promising areas for the harmonization of the national valuation standards with consideration for international approaches to valuation of property for lending purposes, which will provide for eliminating methodological differences in valuation activity and increase its integration in both the commercial real estate market and the mortgage banking market in Ukraine.http://www.problecon.com/export_pdf/problems-of-economy-2018-4_0-pages-216_225.pdfbanksmortgage lendingvaluation of property for lending purposesInternational Valuation Standards IVS-2017European Valuation Standards EVS-2016market value of propertycollateral value of property |
| spellingShingle | Dunas Nataliia V. International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in Ukraine Problemi Ekonomiki banks mortgage lending valuation of property for lending purposes International Valuation Standards IVS-2017 European Valuation Standards EVS-2016 market value of property collateral value of property |
| title | International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in Ukraine |
| title_full | International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in Ukraine |
| title_fullStr | International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in Ukraine |
| title_full_unstemmed | International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in Ukraine |
| title_short | International Standards for Valuation of Property for Lending Purposes and Prospects for their Use in Ukraine |
| title_sort | international standards for valuation of property for lending purposes and prospects for their use in ukraine |
| topic | banks mortgage lending valuation of property for lending purposes International Valuation Standards IVS-2017 European Valuation Standards EVS-2016 market value of property collateral value of property |
| url | http://www.problecon.com/export_pdf/problems-of-economy-2018-4_0-pages-216_225.pdf |
| work_keys_str_mv | AT dunasnataliiav internationalstandardsforvaluationofpropertyforlendingpurposesandprospectsfortheiruseinukraine |