Official Building Valuation
Official valuation approved by the Bank of Spain.
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Building valuations for any purpose
Purchase and sale transactions
An appraisal ensures that the transaction price reflects the actual value of the land. In rural transactions, where multiple variables such as agricultural use, buildability, and location come into play, a professional appraisal protects both the buyer and the seller.
Contradictory assessment or before the Tax Agency
It allows you to challenge tax assessments that do not reflect market reality. If the tax authorities assign a value higher than the actual value and this results in higher taxes, an official appraisal serves as a defence tool in tax proceedings.
Inheritance or separation
Ensures a fair and technically supported distribution of rural assets. In inheritance or property division situations, an objective appraisal prevents disputes and facilitates agreements.
Expropriation
It is essential for defending the real value of the land before the Administration. In expropriation proceedings, the appraisal allows for claiming adequate and technical compensation.
Non-monetary contribution to a company
The appraisal certifies the value of the land when it is incorporated as a corporate asset. It provides transparency and regulatory compliance in commercial processes.
Mortgage guarantee for loans
It is essential for a financial institution to accept the property as collateral. It establishes the mortgage value of the land, facilitating access to financing.
Assets for Collective Investment Institutions or Pension Funds
It allows rural assets to be valued within regulated investment vehicles, complying with transparency and auditing requirements.
Coverage of technical insurance provisions
It is used to value properties that form part of the technical backing of insurance companies, in accordance with the requirements of supervisors and auditors.
Benefits of building valuation
Official report valid for banks and public bodies
Accepted for mortgage valuations, inheritance and divorce proceedings
Approved appraisers throughout Spain
Personalised advice and prompt service
Over 40 years of experience in property valuation
What documentation is required to value a building?
We will provide you with personalised advice on the documentation required to prepare the office valuation report, which will depend on the purpose of the assignment. The most commonly used documents are:
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Registry documentation (Simple note and/or Deeds).
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Cadastral references.
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Energy efficiency certificate.
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Building plans if available.
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Documentation related to possible leases.
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Statutes of the community of owners.
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Depending on its use, additional documentation may be required.
Factors influencing the valuation of a building
Location of the property
Condition of the flat or house
Surface area, layout and materials
Common services and views
Energy certification
How to request a building valuation?
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Request a valuation of your building
Complete the form in just 2 minutes and get an instant quote. You can sign up directly online and you will receive an email with the list of documents needed to start the valuation without any complicated procedures.
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We will arrange a visit to your building in less than 24 hours.
We will contact you promptly to arrange an appointment with an approved valuer. We will adapt to your availability and answer any questions you may have to ensure that the process is quick and convenient.
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Receive the official valuation report by email
The delivery period of 10 to 12 business days will begin once the quote has been formally approved, the site visit has been completed, and all required documentation has been submitted. This period may be affected if additional inquiries to public agencies (City Hall, Land Registry, etc.) are required as part of the process.
Basic concepts of building valuation
The purpose will determine the method chosen to carry out the appraisal. Here are some reasons why a building appraisal or valuation might be useful:
- To obtain mortgage financing
- To determine the market price for a purchase and sale transaction
- To process inheritance distribution or separation of assets
- For judicial and administrative matters.
When conducting an appraisal, there are many aspects to consider, including:
- The state of repair, quality, and age of the building
- Its location in the municipality
- Its intended uses and versatility
- Its occupancy status
There are different methods for valuing and appraising a building depending on its purpose and regulations. These are some of the most common methods:
- Comparison method. This involves valuing the building in comparison with other properties with similar characteristics.
- Cost or replacement method. This is based on the building’s construction cost and its depreciation.
- Income discount method. This is used for buildings that generate income, such as commercial premises or rental housing.
- Static residual method. This is used for buildings that require comprehensive renovation for their most profitable use.
Valuing a building essentially means assigning it a fair and objective economic value. An appraiser analyzes the property’s condition, location, usage, and the market in which it is situated to calculate its worth.
There are several ways to value a building, and the appraiser selects the most appropriate method based on the type of property and the purpose of the valuation.
The most common methods are:
- The comparison method, based on the sale prices of similar properties.
- The cost method, which calculates the cost of rebuilding the property, minus depreciation.
- The income capitalization method, which estimates value based on the income generated (ideal for rental properties or hotels).
It is advisable whenever you are about to carry out a major transaction—such as buying, selling, or mortgaging the property, contributing its value to a company, or putting it to income-generating use—or simply to get a clear idea of your net worth. It is also recommended if many years have passed since the last valuation and the market has changed significantly.
The appraiser is a specialized professional who inspects the building, gathers all zoning and property registry documentation, analyzes the market, and applies the appropriate methodology to determine its value. Their knowledge and experience in appraisals form the basis of an accurate valuation.
They are valued by combining several factors: location, surface area, condition, use, income generated, zoning status, and market comparables. The aim is to understand the property as a whole and translate that into a reasonable economic value.
Unique buildings (such as landmark hotels, mansions, former convents, etc.) typically lack direct comparables; therefore, more detailed methods are employed, such as potential income studies, cost analyses, and the valuation of unique architectural or historical features. This work is carried out based on expert knowledge of the specific sector associated with the building’s use.
The main difference lies in the fact that buildings with heritage value are assessed not only based on their current use but also on their historical, artistic, or cultural significance. While this can increase their value, it may also restrict how they are utilized or renovated. In contrast, a conventional valuation considers only the property’s value as a real estate asset. Consequently, the complexity involved in the valuation process is a crucial factor; for buildings with heritage value, the appraiser’s experience and expertise are essential.
If the building is leased and generates stable income, the appraiser will take this heavily into account. High occupancy and solid long-term contracts increase the value. Conversely, if there are many vacancies or weak contracts, the estimated value drops because the risk is higher.
The basis may be the same, but the approach changes depending on the objective:
- For a sale, it helps determine whether the price is fair.
- For a mortgage, the bank wants to know how much it could recover if it had to foreclose on the loan.
- For a company balance sheet, the aim is to reflect the asset’s true book value.
That is why the appraiser adapts the report to each specific purpose.
Such situations can significantly alter the valuation. A protected building often commands a higher value due to its unique character, yet this can also entail additional preservation costs or restrictions on renovations. Furthermore, if the property is located in an area slated for rezoning, its development potential could cause the value to skyrocket—or, conversely, require an adjustment to account for uncertainty until the rezoning is confirmed.
The ITE or IEE indicates the building’s actual condition—whether it has structural issues, dampness, deficiencies, etc. A building with favorable reports inspires confidence and maintains or increases its value. Conversely, if there are serious deficiencies, the appraiser will apply a downward adjustment.