This paper compares the real property valuation systems in the Czech Republic, Germany, Great Britain and Ireland. In the first two countries the issue of real property valuation adheres to acts, laws and other state regulation. By contrast in Great Britain and Ireland the problems of the valuation are regulated only by some kind of standards of the professional institutions (RICS and SCS) and the valuation is mainly estimated by the help of the open market value. In all four countries - members of EU, the harmonization of the valuation regulation with the European Valuation Standards and the International Valuation Standards is proceeding.
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