The International Valuation Standards (IVS) have now been translated for the first time into Hebrew by the Israel Real Estate Appraisers Association (IREAA). The standards are available to IREAA members and published on the members’ section of the IVSC website.
Hebrew is the eleventh translation of the international standards and is made available alongside translations in languages including Chinese, German, Spanish, Russian and Czech. The IREAA, led by Chairman Haim Mesilaty, is the Valuation Professional Organisation (VPO) responsible for developing valuation practices in Israel. With IVS now available to valuers in Hebrew it is anticipated the market will quickly move towards adoption of the international standards.