VALUER · Insights
What influences real estate value?
Location, condition and potential use: key questions in a property valuation.
Location and surroundings
Access, surrounding development and demand in the relevant market matter. A neighbourhood name alone does not explain the characteristics of a particular property.
Physical and legal characteristics
Area, layout, condition, permitted use and property rights may influence value. The analysis depends on the assignment and the information available.
Market comparison
An asking price is not necessarily a transaction price. Comparable properties must be assessed for relevant differences; one price per square metre cannot be applied to every property.
The valuation date
A valuation relates to a specific date. An earlier report or a current listing is not automatically appropriate evidence for a different date.
Similar apartments can have different values
Properties of the same area in one building may differ in condition, floor, layout, light and other characteristics. Comparing listings requires analysis of these differences; directly transferring a unit price is not enough.
Prepare for the initial discussion
Provide the exact location, cadastral reference, area, condition, use and purpose of valuation. Share relevant lease information or other circumstances where applicable. The analysis should use evidence relevant to the assignment.
This article is a general guide. The scope of each assignment should be agreed in advance.
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