Market Valuation (Commercial Valuation)
Market Value is the estimated amount for which a property should be exchanged on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties have each acted knowledgeably, prudently, and without compulsion.This is now the standard pan-European valuation basis. It replaces the earlier 'Open Market Value'. Market Value and its conceptual framework are defined by the International Valuation Standards Committee (IVS) and are set out as PS 3.2 of the RICS Valuation Standards (6th edition).
We provide independent Market Valuations across all sectors including single buildings, blocks of flats, offices, industrial units, factory units, hotels, warehouses, retail outlets, shops, distribution centres, manufacturing premises and community facilities.
We value property types ranging from small single buildings to large portfolios throughout Germany and apply our expertise to development opportunities including commercial property, mixed use and residential property. We will give a totally unbiased report tailored to the specific needs of the client, and offer independent advice upon which the client can base a decision, uninfluenced by any external considerations.
All professional advice is given in accordance with guidance notes issued in the UK by the Royal Institution of Chartered Surveyors (RICS Appraisal and Valuation Manual - The Red Book“), TEGoVA (European Valuation Standards - “The Blue Book“) and IVSC (International Valuation Standards - “The White Book“).