Frequently Asked Questions
Answers to the most common questions about property valuations.
What is a valuation?
There are many definitions of what a valuation ultimately is. One definition is: "the process of determining the value of an asset at a given point in time, based on a specific methodology and for a specific purpose." The reason a valuation is prepared, the evidence provided, and the assumptions we are required to make, also determine the valuation methodology.
A second definition: "valuation is the art or science of assessing the value of an asset at a given point in time, taking into account: a) the specific characteristics of the property being valued, b) current economic market indicators, and c) all alternative forms of investment."
Who requests valuation reports from us?
Private individuals, investment institutions, banking institutions, private companies, real estate development companies, lawyers & court bailiffs, chartered accountancy firms.
What are the valuation methods?
1) The comparison approach · 2) The income capitalisation method (Investment method) & the discounted cash flow method (DCF) · 3) The residual method · 4) The depreciated replacement cost method · 5) The profits method.
What qualifications should a Certified Valuer have?
Under Directive 2011/16/EU (Articles 33-44) of the Ministry of Finance, a "Certified Valuer" is any natural or legal person of any form who carries out valuations, has obtained certification under Article 35, and is registered in the Ministry of Finance's Registry of Certified Valuers.