“For 2017, we estimate a growth of 6-7% on the appraisals market, to around EUR48 million”, said the association’s former president Daniel Manate. He has been replaced by Dana Ababei as of December 11.

In the first three quarters of 2017, the institution analyzed 94,000 appraisal reports, meaning 94,000 properties were appraised to serve as bank guarantees.

“The total value of these properties exceeded EUR18 billion,” said Manate.