Property

IPAV launches book to mark its 50th anniversary

Institute notes ‘challenge’ of influencing development of sustainable property market

The History of the Institute of Professional Auctioneers and Valuers 1971-2021, by Andrew Hughes

Thu Sep 2 2021 - 06:00

To mark its 50th anniversary this year, IPAV, the Institute of Professional Auctioneers & Valuers, has launched a publication charting the course of the Institute’s development.

The History of the Institute of Professional Auctioneers and Valuers 1971- 2021, by the archivist, historian and novelist Andrew Hughes, was jointly launched at a ceremony in Limerick on August 28th by Tom Crosse, the 50th president of IPAV and group property director of GVM Auctioneers, and Tom Donnelly, who was president of IPAV in 1981-82.

The institute is Ireland’s only representative body that caters for the professional and educational requirements of practising auctioneers and valuers. There are about 1,400 members nationwide.

Speaking at the event, Pat Davitt, chief executive of IPAV, said despite huge changes in technology and working methods, the profession of auctioneering remains as relevant today as in the 1970s with “terrific career opportunities” for those who have a desire to join.

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He said IPAV was responsible for introducing the “Blue Book” European valuation standards to Ireland in 2013. This is the standard recognised by the Irish Central Bank and the European Central Bank, for which it holds default status over all other valuation standards in the event of any valuation conflict arising.

“One of our key objectives is to work with other stakeholders and with policymakers to try and influence the development of a sustainable property market where people can buy, sell or rent properties according to their needs.

“Needless to say, achieving that objective remains a challenge with much work done and more to be done, given the current state of the Irish property market,” he said.

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