While the leaves are falling outside, we are having the last weeks of the year ahead of us. Now it is time to reflect, prepare and look ahead to the coming year. The last few weeks and months have been characterised by exciting projects and challenges and we hope that you have had equally positive experiences.
In this newsletter, we would like to give you an insight into the developments and news relating to HypZert and also draw your attention to upcoming events. Let us look back together on what we have achieved so far and look forward to what lies ahead.
Yours Nadine Roggendorf and Reiner Lux HypZert GmbH
Introducing: Our two new Colleagues
With Katharina Henneberg (left) and Kim Rind (right), you will be hearing two new voices on the phone with us in the future. As our new team assistant, Katharina Henneberg will be your first point of contact within HypZert. Kim Rind manages all matters relating to our e-learning offers.
We are delighted to have won this committed and extremely competent support and hope that you will like them as much as we do.
Once again, we are very happy that we can welcome ten new HypZert real estate valuers for Mortgage Lending Valuation. Congratulations to Monika Bronicka, Alicja Szyp and Joanna Kaczmarek-Walas from Poland, Hedwig Karls and Andrew Pratt from the UK and Guy Tates, Maikel van Dijk, Bas Gaasbeek Janzen, Nick van Assendelft and Devin Ummels from the Netherlands!
In November, eleven MLV valuers from Austria, Poland, Sweden, France, the UK and the Netherlands, have successfully passed their oral interviews for recertification. For six of them, it was already the second recertification. We are proud that there is a growing network of experienced HypZert valuers everywhere in Europe.
Updated Study on the Valuation of Retail Properties Now Available in English translation
It's here! The Professional Group Retail has updated and expanded their comprehensive study.
Among other things, data sheets for department stores and high street/mixed-use properties have been included. In addition, the Professional Group specifically addresses the challenges facing city centres. This time, Sabine Georgi, Managing Director of ULI Germany, contributed the welcome address, which we were delighted to include. A big thank you to the members of the Professional Group who have brought this extensive study up to date, chapter by chapter, and especially the detailed data sheets!
As usual, you can download the study from your Valuers Corner library.
New Valuers Corner View: My Certification incl. Submitted Documents
In your Valuers Corner under "My certifications", you always have an up-to-date overview of your certification status. We have slightly customised the view here to make it even more user-friendly for you.
At this point, we would also like to mention the link "Submitted documents". Here you can see for each monitoring year which CPD have already been submitted to us and accepted by us.
EU taxonomy: Top 15% benchmarks Study from Drees & Sommer
The vdp and the consultancy firm Drees & Sommer have presented a benchmarking system that supports banks in providing proof of compliance with the EU taxonomy for property financing.
Specifically, benchmarks are derived to fulfil the so-called top 15% criterion. The benchmarks and methodology report compiled by Drees & Sommer for the German property market and the residential, office, retail and logistics asset classes were explained in detail in an online seminar organised by the vdpPfandbriefAkademie. You can find the recording in your Valuers Corner (in German).
The top 15% benchmarks for offices based on the building standard (EnEV 2014 or better) were adapted for non-residential buildings. In addition to the threshold values based on energy-related building standards, recommendations for top 15% benchmarks are now also provided for offices, retail and logistics in relation to the
primary energy demand,
final energy demand,
primary energy consumption and
final energy consumption
in kWh/m²a as well as the equivalent greenhouse gas emissions in kgCO2/m²a.
In addition, the above-mentioned asset classes are further segmented according to size, type of use and ventilation/air conditioning on the basis of energy consumption certificates and the individual segments are assigned top 15% benchmarks - expressed in kWh/m2a and divided into energy consumption for electricity and heat.
Equivalent greenhouse gas emissions are now also shown for residential buildings. In addition, the benchmarks for apartment blocks have been updated.
The study is now available in our shop and Drees & Sommer grants vdpResearch GmbH the right to use the results and documents provided and compiled in the project for the member institutions of its shareholders (the vdp, the BVR and Deutscher Sparkassen Verlag GmbH).
With more than 40,000 visitors from 70 countries, EXPO REAL 2023 trade fair in Munich was once again the industry meeting place of the year.
The HypZert joint stand, with its stylish sustainable urban gardening design and thus a small green oasis at the trade fair, was once again a very well-attended meeting place for the entire real estate valuation sector. Four networking events in two days at our stand emphasised the relevance of exchange and networking. These included the Women's Network for Property Financing, where female professionals from across the industry came together to exchange ideas. Also, a letter of intent was signed with the RICS to renew our cooperation. Our Approved by HypZert valuation companies once again hosted the traditional reception on the first day of the fair.
For all those who were unable to attend this year, there is a short film review here. And for all those who were there: A nice memory and maybe you can be seen too.
Property price index: Property prices continue to slide
vdpResearch has published the property price index Q3.2023.
The price adjustments persisting in the German property market for the past year continued in the third quarter of 2023, with a reduction of 1.7% on average in residential and commercial property prices compared with the previous quarter. In a year-on-year comparison, this represented a decline of 7.1% versus the third quarter of 2022.
Do you have colleagues who are interested in pursuing the certification as a HypZert MLV valuer, too?
For all potential candidates for the certification, our partner academy, the vdpPfandbriefakademie, is happy to announce the dates of next year’s training seminar „Determination of Mortgage Lending Value (MLV)“.
The Training Course will take place in Berlin on:
29 February – 02 March 24 (Block 1)
16 – 18 May 24 (Block 2)
Learn more about the contents, organization of the seminar and registrationhere:
For information about the requirements to pursue the Certification as a HypZert Real Estate Valuer for Mortgage Lending Valuationclick here:
Closing date for registration is 16 February 2024!
Invitations for the 2024 HypZert Annual Convention will be sent by e-mail to all our HypZert valuers at the beginning of December. We hope you will find the seminar programme valuable and look forward to meeting you in Wiesbaden. Please remember to register your attendance and book your accommodation as early as possible.