Is it Dawn Soon, Comrade? Emerging Positive Changes in the Domestic Appraisal Industry

DOI: 10.33917/es-3.195.2024.90-101

The article examines key trends in the development of the Russian appraisal industry in 2023–2024, analyzes problem areas and outlines the points of growth. The author relies on the results of an annual study of the valuation services market, which is conducted by the Rating Center of the Institute for Economic Strategies in order to study the ability of industry companies to adapt to current realities and to identify leaders capable of creating and exploiting high strategic potential. When forming a company profile and constructing a scenario forecast of the company’s strategic potential dynamics, in addition to quantitative indicators, qualitative indicators are analyzed, including the level of the services differentiation, the quality of goal setting, involvement in the activities of professional communities, the company’s attitude to the external environment — from participation in charity programs to attention to details that form the image.

References:

1. 2023 Appraisal Industry Benchmark Report. VALCRE, available at: https://www.valcre.com/2023-appraisal-industry-benchmark-report/

2. Digital Transformation in Appraisals: Preparing for the Future. Aloft, available at: https://www.aloftappraisal.com/blog/digital-transformation-in-appraisals

3. Can artificial intelligence finally provide a fair and efficient appraisal process? American City&County, available at: https://www.americancityandcounty.com/2023/02/23/can-artificial-intelligence-finally-provide-a-fair-and-efficient-appraisal-process/

4. AI in appraisal: Can AI coexist with appraisers in the valuation industry? ValuationReview, available at: https://www.valuationreview.com/VR/appraisaltechnology-

2023.aspx

5. Boris Yatsenko. Seychas vremya sil’nykh natsional’nykh brendov v konsaltinge [Now is the Time for Strong National Brands in Consulting]. Kommersant”, 2023, 31 avgusta, available at: https://www.kommersant.ru/doc/6172853

6. S optimizmom k peremenam [Optimistic for Change]. Kommersant”, 2023, 31 avgusta, available at: https://www.kommersant.ru/doc/6172850

7. Mireille Mathieu. “Quand fera-t-il jour, camarade” (1967). YouTube, available at: https://www.youtube.com/watch?v=fZfbZC-SNus

8. Ekaterina Svinova, Evgeniy Vladimirov. S 2025 goda v EAES nachnet funktsionirovat’ edinyy rynok uslug po otsenke imushchestva [From 2025, a Single

Market for Property Valuation Services will begin to Function in the EAEU]. Rossiyskaya gazeta, 2023, 31 avgusta, available at: https://rg.ru/2023/08/31/s-2025-goda-v-eaes-nachnet-funkcionirovat-edinyj-rynok-uslug-po-ocenke-imushchestva.html

9. 29 marta 2023 goda vstupil v silu novyy federal’nyy standart otsenki “Otsenka intellektual’noy sobstvennosti i nematerial’nykh aktivov (FSO XI)” (utv. prikazom Minekonomrazvitiya Rossii ot 30 noyabrya 2022 g. N 659) [On March 29, 2023, The New Federal Valuation Standard “Valuation of Intellectual Property and Intangible Assets (FSO XI)” Came into Force (approved by order of the Ministry of Economic Development of Russia dated November 30, 2022 No. 659)]. OPEO, available at: http://opeo.ru/01.01.02.03/1486.aspx

From Pandemic to Geopolitical Turbulence: Twists and Turns of the Appraisal Market

DOI: 10.33917/es-3.189.2023.77-85

Methodology for studying the strategic potential of valuation companies in Russia is based on applying the “Strategic Matrix of the Company” software package, its algorithm involves the analysis of qualitative and quantitative indicators that allow to build a complete profile of the company and to give a scenario forecast of its development. The main qualitative parameters under analysis are: the degree of innovation and differentiation of services, the competition level and the market position of the company, priority of certain strategic goals in the company’s activities, effectiveness of motivation, corporate culture and ability to quickly access the necessary resources.

References:

1. The 10 innovations and disruptions that will impact property valuation. CBRE. 2022. 22 November, available at: https://www.cbre.com.au/insights/articles/ The-10-innovations-and-disruptions-that-will-impact-property-valuation.

2. Neopredelennost’ i chuvstvennyi vybor: kakim byl rynok nedvizhimosti v 2022 g. [Uncertainty and Sensual Choice: what the Real Estate Market was Like in 2022]. ROO Assotsiatsiya “Russkoe obshchestvo otsenshchikov”, 2022, 20 dekabrya, available at: http://sroroo.ru/press_center/news/3690904/

3. Spiridonov F.F. Otsenochnye kompanii dolzhny imet’ khoroshuyu reputatsiyu i dorozhit’ eyu [Evaluation Companies Shall Have Good Reputation and Value it]. Ekonomicheskie strategii, 2013, no 4, pp. 64, 65.

4. Rekomendatsii dlya otsenshchikov iskhodya iz tekushchei situatsii i tendentsii kratkosrochnogo perioda [Recommendations for Appraisers Based on the Current Situation and Short-term Trends]. SMAO, 2022, 18 marta, available at: https://smao.ru/press/news/smao/rekomendatsii_dlya_otsenschikov_ishodya_iz_
tekuschey_situatsii_i_tendentsiy_kratkosrochnogo_perioda.

5. Metodicheskie raz”yasneniya po opredeleniyu stoimosti v usloviyakh vysokoi neopredelennosti vneshnikh faktorov [Methodological Explanations for Determining the Value in Conditions of high Uncertainty of External Factors]. Ekspertnyi sovet, available at: https://srosovet.ru/press/news/040322-2/

6. Kosorukova I.V. Standartizatsiya otsenochnoi deyatel’nosti: problemy i analiz situatsii [Standardization of Valuation Activities: Problems and Situation Analysis]. Imushchestvennye otnosheniya v Rossiiskoi Federatsii, 2022, no 9(252), pp. 33–44.

7. Itogi i materialy nauchno-prakticheskoi konferentsii “Otsenochnaya deyatel’nost’ v sovremennykh usloviyakh”. 27 maya 2022 g., Moskva [Results and Materials of the Scientific-practical Conference “Evaluation Activity in Modern Conditions”. May 27, 2022, Moscow]. ROO Assotsiatsiya “Russkoe obshchestvo otsenshchikov”, available at: http://sroroo.ru/press_center/events/results/3616162/?ELEMENT_ID=3616162&back_url_admin=%2Fbitrix%2Fadmin%2Fiblock_
list_admin.php%3FIBLOCK_ID%3D18%26type%3Dpress_center%26lang%3Dru%26find_section_section%3D0.

8. Maksim Skatov. Vpisat’sya v standarty [Fit into Standards]. Kommersant”, 2022, 31 avgusta, available at: https://www.kommersant.ru/doc/5525875

“I Immediately Blurred the Map of Everyday Life”, or the Recent Situation in the Appraisal Business

DOI: https://doi.org/10.33917/es-3.183.2022.101-109

The methodology for studying the strategic potential of valuation companies in Russia is based on the use of the Strategic Matrix of the Company software package, the algorithm of which involves the analysis of qualitative and quantitative indicators that allow building a complete profile of the company and giving a scenario forecast of its development. The main qualitative parameters taken for analysis include such as the degree of innovation and differentiation of services, the level of competition and the position of the company in the market, the priority of certain strategic goals in the company’s activities, the effectiveness of motivation, corporate culture, the ability to quickly access the necessary resources.

Источники:

1. God bol’shikh nadezhd. Rynok otsenki opravilsya ot koronakrizisa i zhdet zakonodatel’nykh peremen [Year of Great Hopes. The Appraisal Market has Recovered from the Corona Crisis and is Waiting for Legislative Changes]. Kommersant”, 2021, August, 31, available at: https://www.kommersant.ru/doc/4957853.

2. Kratkosrochnyi azhiotazh na rynke nedvizhimosti zavershitsya zhestkoi stagnatsiei [Short-term Boom in the Real Estate Market will End in Hard Stagnation]. IRN.ru, 2022, February, 28, available at: https://www.irn.ru/articles/41756.html.

3. Skatov M. Zamestitel’ general’nogo direktora OOO “Mobil’nyi otsenshchik” [Deputy General Director of Mobile Appraiser LLC]. RAEX, available at: https://raex-a.ru/editions/skatov_2021.

4. Rynok otsenshchikov v Rossii: stagnatsiya, krizis ili novaya real’nost’? [Appraiser Market in Russia: Stagnation, Crisis or New Reality?]. Expert. Biznes-resheniya, available at: https://expert-business.ru/researches/appraising/2019/

5. Kak transformirovalsya rynok otsenki za poslednee vremya [How the Appraisal Market has Changed in Recent Times]. Rossiiskaya gazeta, 2021, September, 27, available at: https://rg.ru/2021/09/27/kak-transformirovalsia-rynok-ocenki-za-poslednee-vremia.html.

6. Otsenka absurda [Estimating Absurdity]. Ekspert Ural, 2022, no 10–13 (862), available at: https://expert-ural.com/archive/nomer-10-13-862/ocenka-absurda.html.

7. Moratorii na bankrotstvo: kak on rabotaet v 2022 godu [Bankruptcy Moratorium: How It Works in 2022]. AG-Ekspert, 2022, April, 11, available at: https://www.advgazeta.ru/ag-expert/advices/moratoriy-na-bankrotstvo-kak-on-rabotaet-v-2022-godu/

8. Nasledniki EY v RF pervymi iz ushedshei “Bol’shoi chetverki” smenili nazvanie [The EY Heirs in the Russian Federation were the First of the Departed Big Four to Change Their Name]. Audit-it.ru, available at: https://www.audit-it.ru/news/audit/1058123.html.

9. Naslednikov “Bol’shoi chetverki” auditorov v RF proveryat na nezavisimost’ [The Heirs of the Big Four Auditors in Russia will be Checked for Independence]. Audit-it.ru, available at: https://www.audit-it.ru/news/audit/1058180.html.

10. Bol’shaya chetverka auditorov vyidet iz SRO [Big Four Auditors will Leave the SRO]. Swiss Appraisal, 2016, available at: https://swissapp.ru/appraisal/press/news_d.php?ID=30850.

Olympic Games as a Way to Evaluate the Mobilization (Strategic) Resources of the Country

DOI: https://doi.org/10.33917/es-5.179.2021.66-72

Team success at the Olympic Games is a combination of material, demographic and cultural factors with non-material factors — will, fighting spirit, passion, patriotism. Exactly the same combination of factors determines the ability of a state to wage a war. Therefore, military capabilities of the state (as well as economic and technological ones), according to the author, can be assessed by results at the Olympic Games.

Appraisal: Business Development Trends After COVID-19

DOI: https://doi.org/10.33917/es-3.177.2021.90-98

Research methodology for studying the strategic potential of Russian appraisal companies is based on “Strategic Matrix of a Company” software package, whose algorithm implies analysis of qualitative and quantitative indicators that allow to create a complete profile of the company and to prepare a scenario forecast of its development. The main qualitative parameters under analysis include such criteria as the degree of innovation and services differentiation, the level of competition and the company’s position in the market, priority of certain strategic goals in the company’s activities, effectiveness of motivation, corporate culture, the ability to quickly gain access to necessary resources.

Uncertainties in Pandemic Assessment. Chronicles of Appraisal Business

DOI: 10.33917/es-4.170.2020.72-79

Methodology for studying the strategic potential of Russian appraisal companies is based on applying the “Strategic Matrix of the Company” software package, the algorithm of which involves analysis of qualitative and quantitative indicators that allow to create a complete company profile and to provide a scenario forecast for its development [1]. The main qualitative parameters accepted for analysis include such as the degree of innovativeness and differentiation of services, the level of competition and the company’s position in the market, priority of various strategic goals in the company’s activities, motivation effectiveness, corporate culture and the ability to quickly gain access to necessary resources. The present study resulted in the rating of 50 the most strategic appraisal companies in Russia according to results of the second half of 2019 — the first quarter of 2020

Sendero Luminoso as an Evolutionary Technological Trend

#8. New Year’s Forces
Sendero Luminoso as an Evolutionary Technological Trend

The authors of the present article dwell on the main topics and forecasts of the telecommunications industry development that were dominant in 2017 in the world, as well as the situation on the Russian telecommunications market, and draw a conclusion that the situation on the telecommunications market is somewhat similar to the situation on the fronts of the First World war in 1917.

Appraisal Business Strategy, or Ambiguous Appraisal

#4. Why that is needed?
Appraisal Business Strategy, or Ambiguous Appraisal

Rating of the most strategic appraisal companies for the second half of year 2013 – the first half of 2014 according to the INES Center for ratings and certification.