CRE valuation

We attended interesting and sometimes fraught discussions organised by the European Mortgage Federation last week with a particular focus on the “prudent value” / “property value” collateral valuation rules due to come into force in the EU from 1 January 2025 (but with the UK diverging, as discussed in the BoA highlights note). This ECB newsletter from a couple of months ago discusses insights into CRE valuations from on-site inspections, as well as looking ahead to the new rules.