Consultation
Insurance
regular evaluations
In the dynamic property market, you rely on reliable information. Regular assessments are your key to success, helping you identify opportunities and minimise risks. Would you like to learn more about our services? Get in contact with us for a no-obligation consultation.
Regular property valuations are crucial for informed decisions and optimal asset management. They help in knowing the current market value and identifying potential for value increase.
International standards, particularly those of the ISO, IEC, and ITU, ensure global conformity and enhance trust in the quality and value of properties. Adhering to these standards can increase the realised sale price by up to 5%.
The continuous development and adaptation of standards, especially in the fields of AI and sustainability, are of crucial importance. Participating in standard development offers companies the opportunity to influence early on and strengthen their market position.
Regular assessments are essential in the dynamic property market to make informed decisions and manage the value of your properties optimally. These assessments not only provide a snapshot of the current market value but also enable early identification of value enhancement opportunities and the implementation of strategic adjustments. In the context of international standards, these assessments play an even greater role, ensuring that your properties meet global requirements and remain internationally competitive. Our risk assessments help you identify and mitigate potential risks.
The importance of regular assessments in the context of international standards
Regular assessments are far more than just price determination. They ensure compliance with international standards, identify improvement potential, and adapt to new technologies and market demands. This is particularly important in a globalised economy, where property investments are often cross-border. The ISO standards provide a framework that is globally recognised and strengthens confidence in the quality and value retention of properties. By adhering to these standards, you can ensure that your properties measure up internationally.
The influence of international standards on global markets
International standards contribute significantly to reducing technical trade barriers, promoting interoperability and innovation, and building trust among consumers and businesses. The WTO TBT Agreement emphasises the importance of these standards for global trade. By adhering to these standards, you can ensure that your properties meet the requirements of various markets and can thus be more easily traded internationally. This is particularly relevant for property investors aiming for a diversified portfolio and wishing to benefit from globalisation's advantages. Our property assessments provide you with the necessary transparency and security for your investment decisions.
The world of international standards is dominated by a few key organisations, primarily ISO (International Organization for Standardization), IEC (International Electrotechnical Commission), and ITU (International Telecommunication Union). These organisations set the benchmarks that businesses and industries worldwide follow. Each of these organisations has its own focus and ways of working, but they all share the common goal of improving the quality, safety, and interoperability of products and services. The ISO focuses on a wide range of industries, while the ITU specialises in the telecommunications sector and the IEC on electrotechnology.
ISO, IEC and ITU: A Comparative Analysis
The ISO, IEC, and ITU are the cornerstones of international standardisation. The ISO covers a broad range of industries, from manufacturing to the service sector, and develops standards for quality, environmental management, and social responsibility. The IEC focuses on electrotechnical and electronic standards, while the ITU specialises in the telecommunications sector. These three organisations work together under the World Standards Cooperation (WSC) to promote the development and implementation of globally harmonised standards. The joint organisation of the International AI Standards Summit 2025 in Seoul highlights the significance of this collaboration. Our evaluations ensure compliance with relevant standards.
The Importance of Consensus and Transparency in Standard Development
Standard development is a complex process based on consensus and transparency. The ISO standard development process involves contributions from stakeholders and experts from various countries and industries. This ensures the standards are relevant, practical, and widely accepted. International Workshop Agreements (IWAs) offer a faster route to standardisation to address urgent market needs. The WTO places great emphasis on transparency to avoid unnecessary trade barriers.
It is important to distinguish between international and global standards. International standards are developed by organisations such as the ISO, IEC, and ITU, while global standards are created by industry organisations, NGOs, or for-profit organisations. The main difference lies in the development process, transparency, and consensus-building. International standards are based on broad consensus and are transparent, whereas global standards are often dominated by individual interest groups. A critical evaluation of the credibility and reliability of standards is therefore essential to make informed decisions. Our insurance strategies take into account compliance with relevant standards.
Distinguishing between international and global standards
The essential difference between international and global standards lies in their origin and development. International standards, as issued by the ISO, IEC and ITU, are created through a transparent, consensus-based process involving experts from various countries. Global standards, on the other hand, are often developed by industry organisations, NGOs, or profit-driven companies, which can lead to less transparency and potentially a bias from particular interests. Therefore, it is crucial to critically assess the credibility and reliability of standards before applying them. The WTO promotes the use of international standards to reduce trade barriers.
The significance of the WTO and the TBT Agreement
The WTO plays a critical role in promoting the use of international standards to facilitate trade. The TBT Agreement (Technical Barriers to Trade) aims to avoid unnecessary trade barriers and promote transparency and non-discrimination in international trade. The agreement encourages member states to use international standards to ensure that technical regulations and conformity assessment procedures do not act as unjustified trade barriers. This helps to create a fair and transparent trading environment, where companies can compete based on quality and innovation. Our auditors take responsibility for compliance with relevant regulations.
International standards, while globally applicable, often need to be tailored to the specific conditions and regulatory requirements of individual countries. This process of national adaptation is crucial for the successful implementation of standards. Editorial changes and variations may be necessary to avoid conflicts with government regulations and industry-specific requirements. National standardisation organisations play an important role in converting international standards into national norms and assisting companies with application. The ISO standards provide a foundation that can be adapted to local conditions.
The Process of National Adaptation of International Standards
The national adaptation of international standards is a multifaceted process aimed at tailoring global directives to local circumstances. This may include adapting to local conditions, regulatory requirements, editorial changes, and variations. Conflicts with government regulations and industry-specific requirements may also occur, necessitating adaptation. This process ensures that the standards are effective and relevant in practice. Our real estate experts understand the local requirements.
The Role of National Standardisation Organisations
National standardisation organisations such as BSI (UK), DIN (Germany), ANSI (USA), and AFNOR (France) play a crucial role in promoting industrial competitiveness and international trade. They convert international standards into national norms and provide companies technical support for application. These organisations help ensure that companies can leverage the benefits of standardisation to enhance their products and services and strengthen their market position. The ISO emphasises the importance of expert involvement.
The world of standardisation faces new challenges, particularly in the field of Artificial Intelligence (AI). The development of AI standards is crucial to ensure ethical considerations, safety, transparency, and inclusivity. The International AI Standards Summit 2025 in Seoul is an important step in this direction. Promoting sustainability and ESG performance (Environmental, Social, Governance) is also playing an increasingly significant role. ISO standards for environmental management, waste reduction, and the circular economy help to strengthen the link between ISO standards and the UN Sustainable Development Goals (SDGs).
Standardisation of Artificial Intelligence (AI)
The standardisation of AI is one of the greatest challenges of our time. The International AI Standards Summit 2025 in Seoul, jointly organised by ISO, IEC, and ITU, aims to develop standards for safe, transparent, and inclusive AI technologies. Ethical considerations, safety, transparency, and inclusivity are at the forefront. Collaboration between standardisation organisations is crucial to achieve global harmonisation of AI standards. The ITU emphasises the importance of aligning AI development with environmental guidelines.
The Role of Standards in Promoting Sustainability and ESG Performance
Standards play a crucial role in promoting sustainability and ESG performance. ISO standards for environmental management, waste reduction, and the circular economy help to reduce the environmental impact of businesses. The link between ISO standards and the UN Sustainable Development Goals (SDGs) strengthens the importance of ESG reporting and Corporate Social Responsibility (CSR). Companies that align with these standards can enhance their sustainability performance and make a positive contribution to society. Our real estate assessments consider ESG criteria.
The application of international standards is evident in various areas, including the standardisation of Unmanned Aircraft Systems (UAS) / drones. ISO 21384-3 is the first international standard for safe commercial UAS operations and helps overcome obstacles to widespread commercialisation. The role of the ITU in shaping future cities through digital services and AI is also an example of the application of standards. The UN Citiverse Challenge and the Global Youth Summit 2025 demonstrate how standards can be used to promote innovation and sustainability.
The standardisation of Unmanned Aircraft Systems (UAS) / drones
The standardisation of drones is crucial for ensuring safety and quality in commercial use. ISO 21384-3 is the first international standard for safe commercial UAS operations and helps overcome obstacles to widespread commercialisation. The development of complementary standards for safety, quality, and terminology is also important for creating a comprehensive regulatory framework for the drone market. The ISO is working on additional standards to enhance safety.
The role of the ITU in shaping future cities through digital services and AI
The ITU plays a crucial role in shaping future cities through digital services and AI. The UN Citiverse Challenge and the Global Youth Summit 2025 are examples of initiatives aimed at promoting innovation and sustainability in cities. Aligning AI development with environmental guidelines and standardising in the area of space communication (LEO satellite services) are further examples of the ITU’s work. Our real estate evaluations account for the impact of digital technologies.
The development and review of standards is a continuous process. The standard development cycle includes initiation, drafting, commenting, voting, and publication. Regular reviews are necessary to adapt the standards to new technologies and market demands. Feedback systems and sensors play an important role in this. Participation in standard development offers companies the opportunity to gain early access to industry information, influence the shaping of standards, and recognize potential impacts on market access. The ISO emphasizes the importance of expert involvement.
The Cycle of Standard Development and Review
The cycle of standard development and review is an iterative process aimed at continuously improving standards and adapting them to new technologies and market demands. The process includes initiation, drafting, commenting, voting, and publication. Regular reviews are necessary to ensure that the standards remain relevant and effective. Feedback systems and sensors play an important role in monitoring the effectiveness of the standards and identifying areas for improvement. Our evaluations provide valuable feedback.
The Benefits of Participating in Standard Development
Participating in standard development offers companies a range of benefits. These include early access to industry information, the ability to influence the shaping of standards, and the opportunity to recognize potential impacts on market access. By actively participating in standard development, companies can ensure that their interests are taken into account and that the standards meet the needs of the market. The WTO promotes transparency in standard development.
International standards play a central role in the global economy. They promote trade, innovation, and sustainability, build trust and security, and contribute to addressing global challenges such as climate change and pandemics. The continuous development and adaptation of standards are therefore of vital importance. Future trends and challenges in standardisation include the increasing importance of AI, sustainability, and digital transformation. Greater collaboration between standardisation organisations and stakeholders is necessary to tackle these global challenges. Our property valuations support you in your decision-making.
The central role of international standards in the global economy
International standards form the foundation of the global economy. They facilitate trade by removing technical barriers and ensuring the interoperability of products and services. They drive innovation by providing a framework for the development of new technologies and business models. And they promote sustainability by encouraging companies to adopt environmentally friendly practices. By creating trust and security, international standards contribute to fostering economic growth and prosperity worldwide. The WTO emphasises the importance of international standards.
Future trends and challenges in standardisation
Standardisation faces new challenges arising from the increasing importance of AI, sustainability, and digital transformation. Developing standards for AI technologies requires considering ethical aspects, safety issues, and ensuring transparency and inclusivity. Promoting sustainability necessitates the development of standards for environmental management, waste reduction, and circular economy. And digital transformation demands the development of standards for the interoperability of digital systems and data security. Greater collaboration between standardisation organisations and stakeholders is necessary to tackle these challenges and maximise the benefits of standardisation for the global economy.
Secure your decisive advantage in the property market now! Discover how regular valuations can help you make informed decisions and manage your assets optimally. Contact us today!
Standardisation faces new challenges, especially concerning the rapid technological developments and increasing complexity of the global economy. It is crucial to develop robust international standards for new technologies like drones to ensure safety, quality, and interoperability. Collaboration between standardisation organisations is essential to promote interoperable standards that ensure safety, reliability, sustainability, and human rights.
The Necessity for Robust International Standards for New Technologies like Drones
The global commercial drone market is experiencing rapid growth, expected to increase tenfold within five years. This necessitates robust international standards to bridge the gap between technological advancement and regulatory frameworks.ISO 21384-3, the first international standard for Unmanned Aircraft Systems (UAS), sets internationally agreed requirements for safe commercial operations and provides an airworthiness framework for the global UAS industry.
ISO 21384-3 as the First International Standard for Unmanned Aircraft Systems (UAS)
ISO 21384-3 aims to address challenges hindering large-scale commercialisation by ensuring minimum safety and quality standards and airspace coordination. This standard is critical as the industry is still in its infancy, and barriers to widespread adoption need to be overcome. The insurance strategy must take these new risks into account.
The Importance of Collaboration between Standardisation Organisations
Collaboration between standardisation organisations is crucial to promote interoperable standards that ensure safety, reliability, sustainability, and human rights. This includes cooperation in the development of standards, the exchange of information, and the harmonisation of conformity assessment procedures. Only through close collaboration can the standardisation organisations tackle the challenges of the global economy and promote the development of responsible and sustainable technology.
Promoting Interoperable Standards that Ensure Safety, Reliability, Sustainability, and Human Rights
Interoperable standards allow products and services from different manufacturers and providers to work together seamlessly. This promotes competition, innovation, and choices for consumers. Furthermore, they help to ensure safety, reliability, sustainability, and human rights by setting minimum requirements and monitoring compliance with these requirements.
Regular assessments of your property are not only a matter of valuation but a strategic tool to stay in line with international standards and the latest technological developments. Take advantage of precise and up-to-date evaluations to optimise your real estate strategy and maximise the full potential of your investments.
Are you ready to take your real estate strategy to the next level? Contact us today for a no-obligation consultation and learn how regular assessments can help you achieve your goals. Get in touch now!
The ISO provides a framework for globally recognised standards that enhance trust in the quality and value of real estate.
The TBT Agreement of the WTO highlights the importance of international standards for global trade and the reduction of technical trade barriers.
The ITU focuses on the telecommunications sector and sets benchmarks for companies and industries worldwide.
ANSI reports on the International AI Standards Summit 2025 in Seoul, which underscores the collaboration of ISO, IEC, and ITU in the development of AI standards.
Warum sind regelmäßige Immobilienbewertungen wichtig?
Regelmäßige Bewertungen helfen, den aktuellen Marktwert Ihrer Immobilie zu kennen, Wertsteigerungspotenziale zu erkennen und fundierte Entscheidungen zu treffen.
Welche Rolle spielen internationale Standards bei Immobilienbewertungen?
Internationale Standards wie die ISO-Standards stellen sicher, dass Ihre Immobilien den globalen Anforderungen entsprechen und international wettbewerbsfähig bleiben. Sie stärken das Vertrauen in die Qualität und Werthaltigkeit von Immobilien.
How do international standards contribute to global trade?
The WTO's TBT Agreement highlights the importance of international standards for global trade. They eliminate technical barriers to trade and promote interoperability.
What is the difference between international and global standards?
International standards are developed by organisations such as ISO, IEC, and ITU, whereas global standards are created by industry organisations. International standards are based on broad consensus and transparency.
How are international standards implemented at the national level?
International standards often need to be adapted to the specific conditions and regulatory requirements of individual countries. National standardisation organisations play an important role in this process.
What role does the standardisation of Artificial Intelligence (AI) play?
The standardisation of AI is important for ensuring ethical considerations, safety, transparency, and inclusivity. The International AI Standards Summit 2025 in Seoul is a significant step forward.
How do standards promote sustainability and ESG performance?
ISO standards for environmental management, waste reduction, and circular economy contribute to reducing the environmental impact of enterprises and strengthening the connection to the UN Sustainable Development Goals (SDGs).
What are the benefits of participating in standard development?
Participation provides early access to industry information, the opportunity to influence the shaping of standards, and to identify potential impacts on market access.
