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This paper addresses property valuation methodology and discusses issues connected to the feasibility of implementing a Basel III instigated prudent valuation regime to replace or supplement the existing approaches of Market Value and Mortgage Lending Value used for bank lending and financial regulation purposes. The EU are considering implementing Prudent Value within Europe but the implications of this discussion may be felt globally if other jurisdictions seek to implement this aspect of the Basel Accord.\ud The questions to be addressed are:\ud • What are the different definitions of property valuation, what do they actually mean, and can the definitions be transposed into a meaningful approach that creates the correct basis for lending decisions and monitoring of those decisions?\ud • What are the precise details of any methods that can be developed to deliver these valuations and do valuers have the ability and the resources to deliver these valuations?\ud • What are the alternatives and what infrastructure needs to be developed to enable valuers to deliver a prudent valuation regime?\ud This paper is based on evidence presented to the EU which was developed with the co-operation of the three major valuation institutions concerned with valuations in Europe; the International Valuation Standards Council (IVSC), The European Group of Valuers (TEGOVA) and the Royal Institution of Chartered Surveyors (RICS) (Crosby and Hordijk, 2021)