TEGOVA

What TEGOVA does

TEGOVA (The European Group of Valuers' Associations) is a Belgian-domiciled non-profit professional federation headquartered in Brussels that unites 79 national valuers' associations across 42 countries, representing approximately 70,000 qualified valuers who work as self-employed practitioners or within consultancies, financial institutions, and government bodies. Founded in 1977 and operating with a 32-person secretariat led by Managing Director François Isnard, TEGOVA's core function is the development and maintenance of European Valuation Standards (EVS, currently in its 10th edition published 2025), European Business Valuation Standards (EVS-BV, 2nd edition 2026), European Plant, Machinery & Equipment Valuation Standards (EVS-PME, 2022 edition), and European Intangible Asset Valuation Standards (EVS-IA, 1st edition 2026). These standards are translated into multiple European languages by member associations and protected as TEGOVA's intellectual property.

The federation monetises its role through three recurring streams: membership dues from the 79 national associations, fees for the Recognised European Valuer (REV) recognition program and its specialised variants (REV-RESI for residential, REV-BV for business, REV-PME for plant/machinery), and publication sales of its standards titles. It also publishes the European Valuer Journal, maintains a public register of recognised valuers, and runs an event programme anchored by the Baltic Valuation Conference and the Vienna Autumn General Meeting. Go-to-market is community-led and channelled through member associations, which act as credentialing intermediaries for REV awards and as local-language distributors of the standards. TEGOVA has no commercial software platform; its proprietary assets are the standards documents themselves, the registered REV trademarks, and the institutional relationships with EU institutions and international valuation bodies including IVSC, RICS, and FIABCI.

Name

TEGOVA

Legal name

The European Group of Valuers' Associations

Website

https://tegova.org

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

TEGOVA is a Brussels-based non-profit federation uniting 79 national valuers' associations across 42 countries to develop European Valuation Standards, award the REV professional recognition designation, and represent approximately 70,000 qualified valuers.

Ownership category

akta.pro rank

Product category

Professional Association Services

NAICS

Business Associations (813910), Business, Professional, Labor, Political, and Similar Organizations (8139)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

International Standards Development & Standardization Bodies (BPADANAA)

akta.pro secondary industries

Conformity Assessment, Testing, Inspection & Certification Cooperation (BPADANAD), International/Transnational Accreditation & Recognition Bodies (EDADACAG)

Keywords

• Valuation standards
• Professional recognition
• Real estate appraisal
• Business valuation
• Industry federation

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Association Membership Fees: TEGOVA generates revenue through membership fees paid by its 79 national member associations. Each association pays dues based on the size and category of membership, which funds the secretariat operations, standards development, events, and the recognition program.
2. Professional Recognition Program (REV): TEGOVA manages the Recognised European Valuer (REV) designation program. The recognition is awarded through member associations, with TEGOVA overseeing the program standards, audits, and quality assurance. Revenue is generated through accreditation and renewal fees for Recognised European Valuers.
3. Publications and Standards Sales: TEGOVA publishes and sells the European Valuation Standards (EVS), EVS-BV, EVS-PME, and EVS-IA in English and translated editions. Publications are available for download, with some editions sold through member associations. Total: 2809 REVs, 617 REV-RESIs, 16 REV-BVs, 4 REV-PMEs.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

TEGOVA (The European Group of Valuers' Associations) is a non-profit umbrella federation of 79 national valuers' associations across 42 countries. It develops and publishes European Valuation Standards (EVS, EVS-BV, EVS-PME, EVS-IA) and operates the pan-European professional recognition designations (REV, REV-RESI, REV-BV, REV-PME) for qualified valuers, plus the European Valuer Journal and educational programs.

Product overview

TEGOVA is a professional association that serves as the European Group of Valuers' Associations, uniting 79 national valuers' associations from 42 countries representing 70,000 qualified valuers. Rather than a unified software platform, TEGOVA's product portfolio consists of valuation standards publications (EVS, EVS-BV, EVS-PME, EVS-IA), professional recognition programs (REV, REV-RESI, REV-BV, REV-PME), the European Valuer Journal, educational resources including the AI for Valuers seminar, and a public Recognised Valuers Register. The standards publications form the foundation of the offering, with recognition programs built upon these standards to certify individual valuers.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 42 countries covered by TEGOVA's network of 79 national associations
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• The Appraisal InstitutecoreStrategic or Co-development Partner · 17 March 2026TEGOVA partnered with the Appraisal Institute (a TEGOVA member association based in the United States) to develop and deliver the 'AI on AI: Ethical and Practical Use of Generative AI in Real Estate Appraisal' seminar. This seven-hour on-demand program provides European valuers with practical AI skills for research, drafting, and producing better valuation reports. The seminar is available to TEGOVA members at $99 USD and represents a significant educational co-development initiative at the intersection of technology and professional valuation practice.
• ARE (Austrian Association of Real Estate Experts)coreStrategic or Co-development PartnerARE is a TEGOVA member association and co-organiser of the 2026 Vienna Autumn General Meeting (22-24 October 2026). Founded in 2009, ARE represents Austrian valuers at the international level and has set itself the goal of supporting real estate valuers in accordance with national and international valuation standards. ARE has 19 full members and 14 associate members.
• ÖVI (Austrian Real Estate Association)coreStrategic or Co-development PartnerÖVI is a TEGOVA member association and co-organiser of the 2026 Vienna Autumn General Meeting alongside ARE. Founded in 1979, ÖVI represents real estate agents, property managers, builders, and surveyors in Austria. ÖVI has 360 direct members and 90 qualified valuers.
• VNED (Dutch Real Estate Association)minorStrategic or Co-development PartnerVNED is a TEGOVA member association that joined in 2025, founded through the merger of VBO and Vastgoedpro. VNED and NVM together form TEGOVA Netherlands, working to pursue and defend common interests. VNED translated the European Valuation Standards 2025 into Dutch.
• NVM (Royal Dutch Association of Real Estate Brokers and Appraisers)coreStrategic or Co-development PartnerNVM is a TEGOVA member association (joined May 2014) and, together with VNED, forms TEGOVA Netherlands. With over 4,000 members, NVM is the foremost professional real estate association in the Netherlands. NVM and VNED collaborate on shared interests within the TEGOVA framework.
• 36th Baltic Valuation Conference - Finnish Association for Real Estate Valuation (SKAY)minorStrategic or Co-development PartnerThe Finnish Association for Real Estate Valuation (SKAY) is hosting the 36th Baltic Valuation Conference in Espoo, Finland, 10-12 September 2026, with the theme 'AI in everyday valuation'. SKAY was founded in 1978 and has nearly 300 members, of which approximately 180 are authorised real estate valuers. The conference targets real estate appraisers from countries around the Baltic Sea.
• IVSC (International Valuation Standards Council)coreStrategic or Co-development PartnerMultiple TEGOVA member associations (NAVS, LIVA, KPRSM, AFREXIM) are members of IVSC. TEGOVA's European Valuation Standards are developed in alignment with International Valuation Standards. Several member associations explicitly state IVSC membership as part of their international affiliations.
• FIABCI (Fédération Internationale des Administrateurs de Bienfonds Contradictoires)coreStrategic or Co-development PartnerSeveral TEGOVA member associations and individual representatives hold leadership positions in FIABCI national chapters and the global organisation. TEGOVA and its members engage with FIABCI for international professional collaboration in real estate and valuation. Examples: UAPV's Serhii Frolov is President of FIABCI Ukraine; IPAV's Antonio Campagnoli is World President in Office of FIABCI.
• RICS (Royal Institution of Chartered Surveyors)coreStrategic or Co-development PartnerMany TEGOVA member associations and individual valuers hold RICS designations alongside TEGOVA's REV designations. RICS is referenced as an international counterpart in valuation standards. TEGOVA's REV designation is complementary to and recognised alongside MRICS and FRICS designations.
• CNGeGL (National Council of Italian Surveyors)minorGTM or Marketing PartnerCNGeGL is a TEGOVA member association (176 REVs) and co-published the Italian translation of EVS 2025 alongside ASSOVIB, CONAF, IEV, and ISIVI. It represents Italian surveyors and is a significant channel for TEGOVA standards in Italy.
• CEPI-CE / CEI (European Association of Real Estate Professions)minorGTM or Marketing PartnerTEGOVA member associations including ÖVI (member since 1996) and IVD are members of CEPI-CE (European Association of Real Estate Professions). This provides a European industry body connection for lobbying and professional standards alignment.
• TEGOVA France (AFREXIM, CEF, CNEI, CSN, IFEI, SEEIF, SNPI, UNIS)coreChannel Partner/ Reseller/ DistributorEight French member associations (AFREXIM, CEF, CNEI, CSN, IFEI, SEEIF, SNPI, UNIS) collectively form TEGOVA France, working together to pursue and defend common interests. They have translated European Valuation Standards into French (EVS 2020). This coordinated national structure strengthens TEGOVA's presence in France.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Others

• FIABCI (International Real Estate Federation): FIABCI is the international real estate federation with national chapters across 70+ countries, connecting real estate professionals globally. Several TEGOVA member association leaders hold FIABCI positions, making it a thematically adjacent peer in the broader international real estate professional ecosystem.
• CEPI-CE / European Association of Real Estate Professions: CEPI-CE is the European body representing real estate professions including valuers, brokers, and property managers. Several TEGOVA member associations (ÖVI, IVD) hold CEPI-CE membership, positioning it as an adjacent ecosystem participant with overlapping professional scope.

Direct peers

• Royal Institution of Chartered Surveyors (RICS): RICS is the global professional body for chartered surveyors and valuers, offering MRICS/FRICS designations and the Red Book valuation standards. It directly competes with TEGOVA's REV designation for European valuer mindshare and is the most prominent comparable professional accreditation body.
• American Society of Appraisers (ASA): ASA is a leading US-based international appraisal organization offering credentials across real estate, machinery and technical specialties, personal property, and business valuation. It overlaps with TEGOVA's multi-discipline valuation standards and recognition portfolio, particularly for business and PME valuation.
• International Valuation Standards Council (IVSC): IVSC sets the International Valuation Standards (IVS) used globally for asset valuation across financial reporting and lending. TEGOVA's European Valuation Standards are explicitly developed in alignment with IVSC's framework, making IVSC a direct peer in the standards-setting layer of the profession.
• Appraisal Institute: The Appraisal Institute is the largest US professional association of real estate appraisers, awarding the SRA, MAI, and AI-GRS designations. TEGOVA partnered with the Appraisal Institute in 2026 to deliver an AI in Valuation seminar, and the AI is itself a TEGOVA member association, making it a strategically aligned direct peer.
• National Association of Certified Valuators and Analysts (NACVA): NACVA is the leading US association for business valuation professionals, offering the CVA designation and standards for business valuation practice. It directly parallels TEGOVA's EVS-BV standards and REV-BV recognition in the business valuation segment.
• Canadian Institute of Chartered Business Valuers (CICBV): CICBV is Canada's chartered body for business valuers, awarding the CBV designation and publishing business valuation standards. It is a peer in the business valuation standards space, comparable to TEGOVA's EVS-BV and REV-BV.

Regional players

• European Group of Surveyors (GEG): GEG represents national surveyor and property professional associations across Europe at the EU institutional level. While not focused on valuation specifically, it overlaps with TEGOVA's EU Affairs function and member base of national surveyor/valuer associations.

Emerging players

• HypZert (German Real Estate Valuer Certification Body): HypZert is a German certification body specifically focused on real estate valuers, with recognition accepted across German-speaking markets. It is an emerging specialized peer in the same recognition-and-credentialing space as TEGOVA's REV designations, particularly for mortgage lending valuation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tegova

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TEGOVA