Rada passes law implementing international property valuation standards
The Verkhovna Rada has approved in the final reading the law "On Property Valuation" (bill No.
The Verkhovna Rada has passed legislation to implement international property valuation standards, replacing the outdated 2001 law. This change aims to meet commitments under the IMF's Extended Fund Facility program and to receive the European Union's macro-financial assistance. The law simplifies valuation procedures, introduces a unified register for valuers, and establishes a three-tier regulation system.
It also creates an open-ended qualification for valuers and extends requirements for forensic experts. Despite initial objections from various ministries and commissions, the law was approved with the support of 272 MPs.
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