A FEW WORDS ABOUT OUR COMPANY’S APPRAISAL SERVICES
Property categories:
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Plots of land – Agricultural land
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Offices
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Shops
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Residential buildings
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Industrial real estate
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Storage centers
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Shopping malls centers
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Super Market
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Hotels
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Preserved
Why appreciation?
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Property divisions
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Inheritance disputes
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Lease disputes (Landlord – Tenant)
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Expropriations
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For the actual current price of your property in the event of: purchase, sale, lease, consideration
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Companies that have real estate assets
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Estimates in accordance with International Accounting Standards (IAS)
City E provides documented valuations in accordance with the European Valuation Standards of TEGOVA (The European Group of Valuers) for all types of properties and for any purpose. It has a wide client base in this sector, as we have carried out a significant number of valuations, mainly for the purposes of buying, selling, or leasing properties belonging to a well-known global real estate network in the recent past. Many factors are taken into account when appraising the value of a property, which vary depending on the use of the property being appraised (e.g., apartment, store, industrial building, etc.). In the initial stage of the appraisal, several supporting documents are required (e.g., architectural plans, title deeds), which must be provided by the owner in order to obtain as clear a picture as possible of the property to be appraised.
The methodology primarily used in real estate appraisals is the Comparative Method, whereby we collect appropriate comparative data and then apply adjustments to the property being appraised in order to arrive at an estimate of the market value per unit of the property. However, this is not the only method, as depending on the case and the purpose of the valuation and the type of property, other methods may also be applied, such as the income method with discounted cash flows based on future income from the operation of a property and the residual method based on the scenario of utilizing a property according to its optimal use. In any case, it is the appraiser’s responsibility to decide which valuation method to choose in order to draw the correct conclusions.
