Official Valuation of Offices
Official valuation approved by the Bank of Spain.
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Office valuations for any purpose
Appraisal for mortgage loan
Get the financial backing you need with a certified valuation. The appraisal report is a key requirement for banks to approve a mortgage loan, ensuring that the loan matches the actual value of the property.
Report for real estate transactions
Ensure a fair negotiation based on the real market value. Having an official valuation allows you to set an appropriate price, avoid overvaluation or sales below the real value, and facilitates agreement between buyer and seller.
Valuation for rental or transfer
It establishes fair and transparent conditions for both parties. A valuation helps you set appropriate rents or transfer prices in line with the market, reducing conflicts and streamlining the negotiation process.
Valuation for inheritance and estate division
It facilitates the equitable distribution of assets among heirs or co-owners. The official appraisal guarantees an objective value, avoiding disputes and ensuring a more orderly and legally valid process.
Valuation for tax and litigation purposes
Defend your interests with an accurate and documented valuation. It can be used to challenge incorrect or excessive tax assessments and as key evidence in legal proceedings relating to the value of the property.
Benefits of office 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
What documentation is required to value an office?
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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Registered documentation (deed of ownership and/or simple note).
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Cadastral reference.
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Energy efficiency certificate.
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Activity license.
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Lease contract and receipts if rented.
Factors influencing the valuation of an office
Location of the property
Condition of the flat or house
Surface area, layout and materials
Common services and views
Energy certification
How to request an office valuation with Gloval?
01
Request an online valuation of your office
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.
02
We will arrange a visit to your office 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.
03
Receive the official valuation report by email
The delivery period of 5 to 7 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 office valuation
An office appraisal is the process by which the economic value of a space intended for professional or business use is determined. This type of appraisal takes into account factors such as location, square footage, layout, condition of the property, accessibility, building amenities (such as elevators or concierge services), and market prices in similar areas. It also considers whether the space is rented or vacant, as well as its profitability potential. It is a key tool for transactions such as sales, financing, inheritances, asset valuations, and investments.
An office appraisal is performed by a qualified technician, usually an architect, technical architect, or engineer with experience in real estate valuation. If it’s an official appraisal, for example, for a mortgage application, it must be issued by an appraisal firm approved by the Bank of Spain. These professionals apply technical and market criteria to determine an objective value, adjusted to the reality of the property and its surroundings.
The purpose of office valuation is to determine its real and justified value at a specific point in time, taking into account its characteristics, location, condition and the current market. This valuation serves as a basis for financial, legal or commercial decisions, such as applying for a mortgage, buying, selling, renting, distributing assets or updating assets on a company’s balance sheet. It also provides security and transparency for all parties involved in the transaction.
These are some of the reasons why you might need an Official Appraisal Report from an office:
- To apply for a mortgage loan
- To make informed decisions in real estate transactions
- To rent or transfer the property
- For inheritances, property divisions, and asset distributions.
- To challenge the valuation for tax purposes
- Etc.
You should request a valuation of your office when you need to know its value. For example, if you are going to sell it, buy it, apply for a mortgage or refinance a loan with it as collateral. It is also advisable in cases of inheritance, divorce, contributions to companies or to update the value on the company balance sheet. In general, whenever the office is involved in a relevant economic, legal or tax decision.
No, even if the property is the same, the validity and requirements of the valuation may vary depending on its purpose. For a mortgage, the valuation must be official and carried out by a company approved by the Bank of England. In a sale, a technical valuation may suffice. For an accounting balance sheet, an appraisal adapted to accounting criteria may be required. In each case, the format and approach of the report may differ, even if they are based on similar data.
The main factors that influence office appraisals are:
- Geographic location
- Surface area and layout of the property
- Permitted uses
- Occupancy level
- Conservation status and construction quality
- Availability and condition of facilities (electrical, plumbing, HVAC, and telecommunications)
- Annexes and common areas (garage, elevator, concierge and security services, among others)
- Profitability and performance, if it is generating income
The existence of a rental agreement directly influences the valuation of an office, especially if the income capitalisation method is used. A stable rent and a solvent tenant can increase the value, as they represent guaranteed income and reduce the risk of default. The duration of the agreement, its conditions and whether the rent is in line with the market are also taken into account.
If the office is a coworking space or part of a building with multiple tenants, the valuation must be adapted to this complexity. The occupancy rate, user turnover, management and maintenance costs, and the solvency of the tenants are analysed.
In addition, the type of contract (flexible, short-term, fixed, etc.) and the stability of the operation influence the value. A well-managed space with common services and excellent connectivity, high demand and sustained rents may have a higher valuation than one with unstable income or frequent vacancies.
Energy efficiency and sustainability certifications can have a positive impact on office valuations. An energy-efficient property typically has lower operating costs, greater comfort and a better corporate image, making it more attractive to tenants and businesses. Furthermore, these criteria are becoming increasingly important in the market and can make a difference compared to other similar assets without these improvements. In tertiary buildings, premium or large offices, having any of the currently available sustainability certifications (BREEAM, LEED, or similar) can be particularly significant.
The condition of the building and its facilities directly influences the valuation of an office. A well-maintained property with well-kept common areas, modern lifts, accessibility, efficient air conditioning, up-to-date services and archive space usually has a higher value. Conversely, if the building is in poor condition, has obsolete facilities or needs renovation, its valuation may be reduced, as this implies higher future costs for the buyer or user.
The most common valuation methods used in office appraisals are the comparison method and the income capitalisation method.