Valuations & Strategic Advisory

• What are the main reasons for commissioning a real estate valuation?

  A real estate valuation may be required for a variety of purposes, including the acquisition or disposal of an asset, financing or refinancing, accounting or tax requirements, inheritance and estate planning, division of assets, portfolio restructuring or strategic decision-making. Valuations are relevant both to private owners with a one-off requirement and to institutional investors, real estate funds and other portfolio owners.

  For the latter, periodic valuations provide independent and up-to-date asset values, allow changes in portfolio value to be monitored over time and help meet reporting, accounting and regulatory requirements.

• What factors influence the value of a property?

  The value of a property depends on a wide range of factors, including its location, use, rent roll, the quality and technical condition of the building, and its development potential. For an income-producing property, rental income, vacancy, operating costs and anticipated future capital expenditure also play an important role.

  External factors such as interest rates, real estate market conditions, the supply of properties available for sale and investor demand also influence value. The valuer assesses all of these factors to determine a value that reflects the specific characteristics of the property and prevailing market conditions as of the valuation date.

• What documents are needed to carry out a real estate valuation?

  The documents required depend on the type of property and the purpose of the valuation. For an income-producing property, these typically include the full land registry extract, floor plans, the rent roll and leases, operating cost statements, as well as information on works already carried out or planned.

  Depending on the characteristics of the asset, additional documentation may be required, particularly in relation to easements, development rights or technical aspects of the building.

  Complete documentation enables the valuer to accurately assess the property’s characteristics, income, costs and potential.