Building Appraisal and Valuation
Official valuation approved by the Bank of Spain
Valuation Firm accredited by the Bank of Spain
We schedule the visit in
less than 24 hours
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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
What do our building valuation clients think?
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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.
Appraising a building basically means assigning it a fair and objective economic value. An appraiser analyses the condition of the property, its location, its use and the market in which it is located to calculate how much it is worth.
There are several ways to value a building, and the valuer chooses the most appropriate one depending on the type of property and the purpose of the valuation.
The most common are:
- Comparison method, which is based on the sale prices of similar properties.
- Cost method, which calculates how much it would cost to rebuild it, minus depreciation.
- Income capitalisation method, which estimates the value based on the income it generates (ideal for rental or hotel buildings).
Whenever you are going to carry out an important transaction: buying, selling, mortgaging, contributing its value to a company, putting it to work or simply to be clear about how much your assets are worth. It is also advisable if many years have passed since the last valuation and the market has changed significantly.
The valuer is a specialist technician who inspects the building, compiles all the planning and registration documentation, analyses the market and applies the appropriate methodology to determine its value. Their knowledge and experience in valuations form the basis of a correct valuation.
They are valued by combining several factors: location, surface area, state of repair, use, income generated, urban planning situation and market comparables. The aim is to understand the whole and translate it into a reasonable economic value.
Unique buildings (iconic hotels, mansions, former convents, etc.) do not usually have direct comparables, so more detailed methods are used, such as potential income studies, cost analyses and assessments of unique architectural or historical features. This work is carried out based on expert knowledge of the productive sector in which the building is used.
The main difference is that buildings with heritage value are not only valued for their current use, but also for their historical, artistic or cultural value. This can increase their value, but also limit their use or renovation. In contrast, a conventional valuation only takes into account their value as a real estate asset. The complexity involved in valuing one or the other is therefore a very important consideration. In buildings with heritage value, the appraiser’s experience and knowledge are essential.
Not initially, but it is important to note that the quote includes a technical site visit and is calculated on a personalized basis using the data you have provided. The final price may vary if there are any changes.
How does a building's occupancy rate or the quality of its rental contracts influence its valuation?
If the building is rented out and generates stable income, the valuer will take this into account. High occupancy and solid long-term contracts increase the value. Conversely, if there are many vacant spaces or weak contracts, the estimated value decreases because the risk is higher.
The basis may be the same, but the approach changes depending on the objective:
- For a sale, it helps to 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, it is important to reflect the actual book value of the asset.
That is why the valuer adapts the report to each purpose.
These situations can greatly affect the valuation. A listed building is usually more valuable due to its uniqueness, but it can also involve additional maintenance costs or limitations on renovations. And if it is in an area that is going to be rezoned, the urban development potential could cause its value to skyrocket or, conversely, it may have to be adjusted due to uncertainty until the rezoning is confirmed.
The ITE or IEE indicate the actual condition of the building, whether it has structural problems, damp, deficiencies, etc. A building with favourable reports conveys security and maintains or increases its value. On the other hand, if there are serious deficiencies, the valuer will apply a downward adjustment.
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.
Official appraisal of all types of properties
Do you need a mortgage guarantee, or do you want to know the official value of a property?
Select the type of property and we will take care of the rest.
