Official Property Valuation
Official valuation approved by the Bank of Spain.
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Home valuations for any purpose
Property valuation for mortgage purposes
An official property valuation is a mandatory requirement when applying for a mortgage. The bank calculates the maximum mortgage amount based on the valuation value and not the purchase price.
Valuation for the sale of a property
An appraisal allows you to know the market value of the property and negotiate with greater confidence, whether you are a buyer or seller. It brings objectivity and transparency to the process, avoiding overvaluations or misunderstandings.
Valuation for inheritance and divorce
In cases such as inheritances, divorces or company dissolutions, a professional appraisal helps to establish the real value of the property and facilitates an equitable and fair distribution among the parties.
Appraisal for mortgage refinancing
The market changes, and with it, the value of your home. A new appraisal may allow you to renegotiate your loan, access better terms, or increase the financing available.
Official valuation for legal or tax purposes
In claims before the tax authorities, discrepancies with the cadastral value or legal proceedings (such as seizures), an official appraisal provides a solid and legally recognised valuation.
Benefits of home valuation with Gloval
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
Documentation required for a home valuation
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Registration certification, updated simple note or deed.
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Cadastral Documentation.
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Energy efficiency certificate.
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In case of being VPO: photocopy of the final qualification card.
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If rented: photocopy of the rental contract, the latest rental receipts, payment status and expenses.
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Other documents depending on the type of property.
Factors influencing the appraised value of a flat or house
Location of the property
Condition of the flat or house
Surface area, layout and materials
Common services and views
Energy certification
How to apply for a home valuation with Gloval?
01
Request the valuation of your home online
Complete the form in just 2 minutes and get the price immediately. You can contract directly online and you will receive an email with the list of documents needed to start the appraisal without complicated procedures.
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We will arrange a visit to your home in less than 24 hours
We contact you quickly to arrange an appointment with an approved valuer. We adapt to your availability and resolve any doubts you may have to make the process quick and easy.
03
Receive the official valuation report by email
The delivery period of 3 to 5 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.
Basics of home valuation
Valuing a property means determining its economic value at a specific moment in time, for the requested purpose and based on technical, legal and market criteria. This process is carried out by a qualified professional, who analyses aspects such as location, surface area, condition of the property, characteristics of the surroundings and similar market prices. The appraisal is a key step in operations such as purchase and sale, whether as a primary residence or second home or as a rental investment, mortgage application, inheritance or separation of property, as it provides an objective and documented valuation of the property.
The scope of the appraisal in both cases is the same: to establish the value of the property, but there are relevant differences in the valuation. In both cases, the basic factors of location, floor plan, surface area, age, construction qualities and state of conservation are considered, but in the flat it is also important to consider the provision of communal areas such as gardens, playgrounds and communal swimming pool, while in the villa these factors are less relevant and in exchange, for example, the plot and porches, among others, are taken into account.
The property valuation process usually takes between 3 and 5 working days from request to delivery of the report, provided that the necessary documentation is available on time. This period may vary depending on the availability of the appraiser, the location of the property and/or whether additional documentation is required, among others. In some cases, it may be slightly longer, due to singularities of the property, such as if it is occupied or rented, there is a surface right or similar.
The valuation of a property is influenced by several key factors that determine its value:
• Location : The area where the property is located is fundamental. A property in the centre of a city is not the same as one in the outskirts or in a rural area.
• Surface area : Both the built surface area and the usable surface area directly affect the value. The more square metres, the higher the price tends to be.
• Condition of the property : If it is renovated, in good condition or in need of improvement, the value varies considerably.
• Age of the building : Newer properties tend to have a higher valuation, although it also depends on their conservation.
• Height and orientation : In buildings, high flats with a good orientation (more light and views) tend to be valued higher.
• Qualities and equipment : Materials, finishes, energy efficiency, lift, garage, storage room, communal areas, etc.
If the property is rented, has development charges or is pending construction, these factors may affect its appraised value. A current rent may reduce the value if the rent is low. Development charges, such as a partial expropriation or a compulsory transfer, also detract from the value as they represent future obligations. If the property is pending works or requires renovation, the valuer will take this into account, as it implies an added cost for the buyer. In all cases, these conditions are analysed and reflected in the valuation report and may have a negative influence on the final value.
Energy efficiency can influence the appraised value of a property. A property with a high, i.e. more efficient, energy rating is often valued higher than a property with a low rating. This difference can be particularly significant in detached single-family houses, where energy consumption has a greater weight in maintenance costs.
You need a valuation of your property in several key situations, such as:
• To apply for a mortgage, as the bank requires an official valuation to determine how much it can lend you.
• In sales processes, whether you are a buyer or a seller, to find out the real market value.
• In inheritance or property division cases, such as divorce or dissolution of partnerships, where it is necessary to distribute the value fairly.
• To refinance a mortgage loan, especially if several years have passed and the value of the property has changed.
• In legal or tax proceedings, such as claims for cadastral value, seizures or regularisations with the tax authorities.
In short, any situation that requires knowing the real and updated value of your home is a good time to carry out a valuation.
Yes, the appraisal is compulsory if you are going to apply for a mortgage. The bank needs an official valuation to calculate the amount it can lend you, as the appraisal value is the reference they use for this calculation.
If the appraisal value is lower than the purchase price, the bank will take the lower value as the basis, which means that you could receive less financing and you would have to provide more money out of your own pocket to complete the transaction or additional collateral.
No, the same official appraisal does not always apply in all cases. For a mortgage, a valuation carried out by a company approved by the Bank of Spain is required. On the other hand, in proceedings such as an inheritance or divorce, a valuation carried out by an independent expert or a judicial valuation report may be sufficient, depending on the request of the judge or the parties involved. The purpose of the valuation is a relevant factor for its use and validity.
The cost of a property valuation with Gloval varies according to the type and characteristics of the property and its location. However, you can obtain a personalised estimate immediately by filling in this appraisal form.
Gloval’s valuation service includes:
• Online quotation: You can easily request a quotation from their website. • Fast scheduling: You will be contacted within 24 hours to schedule a visit to the property.
• Visit to the property: An approved valuer will carry out a visual inspection of the property both inside and out.
• Preparation of the report: Within 3 to 5 working days of the visit and receipt of the documentation, you will receive the official valuation report, valid for mortgage procedures and accepted by the majority of financial institutions in Spain.
Gloval is a valuation company approved by the Bank of Spain with extensive experience in the valuation sector and has a wide network of technical experts distributed throughout the peninsular and insular territory with in-depth knowledge of the local real estate market.