CZC GVT Property Valuation Act


On Dec. 1, CZC GVT issue decree on applying property valuation act.


  • CZC GVT issued decree no. 488/2020 coll. amending decree no. 441/2013 coll on implementation of property valuation act, as amended, effective from Jan. 1, 2021.
  • Amendments
  • Among others, changes include insertion of new paragraphs on determination of usual price, determination of market value, information on price map of building plots.
  • New paragraph in section 2 on valuation of land which is not building land.
  • New sections 39a to 39c inserted, concerning valuation of easement, simplified valuation of easement for technical infrastructure, valuation of defects in real estate.
  • Also includes updates to various tables in the accompanying annexes.
  • Dec. 2024 Amending Decree
  • On Dec. 9, 2024, CZC PRL issued Decree 370/2024 coll. amending Decree 441/2013 coll., on the implementation of the Act on Property Valuation (Valuation Decree);
  • Changes in all the tables of the Decree's annexes; entry into force on Jan. 1, 2025.
  • Document dated Dec.9, 2024, received from CZC PRL Dec.13, summarized on Dec. 18.

Regulators CZC GVT
Entity Types Bank
Reference Decree 370/2024 coll., PR, 12/9/2024; Decree No. 488/2020 Coll., PR 12/1/2020
Functions Actuarial and Valuation; Compliance; Financial; Legal; Operations; Risk
Countries Czech Republic
Category
State
Products Banking; Loan; Mortgage; Securities
Regions EMEA
Rule Type Final
Rule Date 12/1/2020
Effective Date 1/1/2025
Rule Id 92259
Linked to N/A
Reg. Last Update 12/9/2024
Report Section EU

Last substantive update on 12/18/2024