Ukraine is preparing a reform of property valuation that could significantly change how businesses determine the value of real estate and other assets. A parliamentary committee has discussed draft law No. 13435, which is designed to bring valuation rules closer to European and international standards.
The main practical goal is to remove the dualism between land valuation and building valuation. Today, businesses may face situations where one real estate object effectively requires separate procedures for land and structures. The reform aims to make the process more coherent, reduce duplicated costs and create clearer rules for market participants.
International standards and professional governance
The draft provides for implementation of International Valuation Standards, known as IVS. This matters for investors, banks, courts and corporate transactions because asset values influence lending, collateral, taxation, mergers, acquisitions and disputes. A more standardized approach can make valuations easier to compare and harder to manipulate.
The reform also envisages a unified self-regulatory organization of valuers. Such a model could strengthen professional discipline, quality control and responsibility inside the valuation market. At the same time, the success of the reform will depend on how transparent the new governance system becomes and whether it avoids replacing fragmentation with a closed professional monopoly.
For Ukrainian business, the reform could reduce administrative friction in real estate operations. For investors, it could improve trust in asset data. In a country where reconstruction, land use and property transactions will remain central for years, valuation standards are not a technical detail. They are part of the infrastructure of investment.
