PROPERTY VALUATION STUDY
The Property Valuation Study is an integral part of the Real Estate Market. Regardless of how large or small, expensive or cheap your property is, the only way to obtain an accurate valuation is to conduct market research on its current and historical market value, based on international standards and a comparison of real estate sale prices in the specific geographical area.
At CITY ENGINEERING, we provide thorough research following a specific methodology, offering objective results based on measurable data, in accordance with the European Valuation Standards of TEGOVA (The European Group of Valuers). In other words, we do not simply evaluate and provide a generalized analysis of the value of the property you own or wish to acquire, but rather a substantive and accurate study.
Property valuation studies are carried out for the sale and purchase of houses, commercial properties, hotels, judicial or extrajudicial disputes, insurance and investment transactions.
For an appraisal to be considered reliable and thorough, the appraiser must follow International and European Valuation Standards and select the appropriate valuation method.
The team of engineers at CITY ENGINEERING and the project manager select the appropriate method, which depends on various factors that the appraiser takes into account in order to make their choice. These include, for example:
- The nature of the property, i.e. its location, square footage, date of construction, etc.
- The reason for compiling the property valuation report.
- The available data at its disposal.
- The assumptions it must adopt.
Each time, our chief engineer and the CITY ENGINEERING team decide on the most appropriate method to follow in order to draw the most reliable conclusions.
Call us at telephone number 210 – 9801980
METHODS OF ESTIMATING THE VALUE OF REAL ESTATE
The main methods for estimating the value of a property are as follows:
- The comparative method
- The residual method
- The investment method
- The earnings method
- The method for determining the objective value
RESIDENTIAL PROPERTY VALUATION STUDIES
Establishing property valuations is not a simple process. At CITY ENGINEERING’s many years of experience in the field of real estate appraisal studies, we are proud to provide a comprehensive, reliable, and independent service, ensuring accurate and documented results.
Whether you are selling your home or looking to buy a new one, at CITY ENGINEERING we will provide you with an accurate and thorough appraisal of the property you are interested in.
If you are a property owner and need an appraisal for sales, tax, or family matters, we will send an authorized appraiser to conduct a full inspection of your property. Combining this with a detailed analysis of local market conditions and sales of similar properties in the area, we provide you with a detailed report outlining the value and how it was arrived at.
As real estate appraisers, we take various factors into account when determining the value of your home. This includes, among other things, location, access to public transportation, and proximity to schools, shopping centers, and recreational facilities.
We work with law firms, accountants, government agencies, and private individuals. We specialize in local real estate markets, from metropolitan Athens to Northern Greece. We know how important it is to provide reliable and accurate results that will stand up to any scrutiny, and we make sure to provide residential appraisals that meet the highest standards.
Call us at telephone number 210 – 9801980
COMMERCIAL PROPERTY VALUATION STUDIES
CITY ENGINEERING is the accredited, experienced team of Commercial Property Appraisers in the Attica basin and Northern Greece.
Commercial property valuations are primarily used for business purposes. Determining the value of a commercial property depends on many factors, such as the purpose for which the property is used, the annual income it generates, and how the local market views this type of property. As commercial property appraisers, we will examine all criteria and appraise your building based on the property’s potential income and recently completed property sales in the area, as well as other market indicators.
At CITY ENGINEERING, we respect and value our customers’ requirements and time.
With professionalism and enthusiasm, we offer the same dedication to every job, regardless of how big or small it is.
With our team of specialized commercial valuation engineers, we are able to focus on valuations for large institutions, governments, as well as corporate and private investors, for individual buildings as well as your entire portfolio, regardless of size.
Our many years of experience, combined with on-site inspection of each item and the latest International and European Valuation Standards, allows us to provide you with a detailed report and study that meets your requirements.
There are various reasons why a property valuation study may be necessary. In the event of an inheritance dispute, division of real estate, for investment reasons, for the purchase or sale of real estate based on its current value, for valuation in accordance with international accounting standards (better known as International Financial Reporting Standards), etc.
- Sale
- Market
- Liquidation
- Tax reasons
- Legal reasons
- Development
- Investment
- Dispute resolution
- Bank borrowing
Commercial property valuations require a special set of skills and expertise. The team of experts at CITY ENGINEERING will ensure that you receive the most accurate and reliable valuation for your building or real estate portfolio.
Our real estate appraisal services include land/agricultural plots, commercial properties such as offices, retail stores, shopping centers, supermarkets, residences, listed buildings, hotels, storage centers, and industrial properties.
Call us at telephone number 210 – 9801980
WHAT DO PROPERTY VALUATION STUDIES INCLUDE?
In order to have a comprehensive Property Valuation Study, the following information must be included:
- Identification and status of the appraiser
- Identification of the customer and any other intended users
- Purpose of the assessment
- Identification of the asset to be valued
- Value base
- Date of valuation
- Scope of research
- Nature and source of information on which the assessment will be based
- Assumptions and special assumptions
- Restrictions on use, distribution, or publication
- Certification that the valuation work has been undertaken in accordance with International and European Valuation Standards
- Approach and rationale for the assessment
- Amount of the estimate or estimates
- Date of the valuation report
Contact us for a valuation of the property you are interested in!
Call us at telephone number 210 – 9801980