Regulatory Alerts2019-01-01
Circular No. 96: Unified Valuation Model
The Palestine Monetary Authority issued Circular No. 96/2019 mandating all licensed real estate appraisers operating in Palestine to adopt a standardized unified appraisal form for property valuations requested by banks. The form systematically collects comprehensive general, legal, and technical property data, provides structured templates for the three approved valuation methodologies (sales comparison, cost, and income approaches), and enforces strict professional limitations, independence declarations, and documentation requirements to guarantee valuation neutrality and regulatory compliance. This directive standardizes appraisal reporting practices, enhances transparency in real estate financing decisions, and aligns local valuation procedures with capital market authority licensing regulations.