Compulsory Purchase Appraisal

What is an Appraisal for a compulsory purchase order?

AND LAW AND REGULATIONS ON APPRAISALS

The compulsory purchase appraisal is a regulated appraisal of a property or right that is or may be subject to a compulsory purchase order proceeding at a certain time.

This type of appraisal is regulated by the Land Law and its regulations, namely Royal Decree 7/2015 of 30 October that passed the recast text of the Law on Land and Urban Restorations along with Royal Decree 1492/2011 of 24 October that adopted the Regulations on appraisals of the Land Law.

This appraisal will help determine the fair price that will show on the Appraisal Sheet.

An Appraisal Sheet is an administrative document that shows the financial value of the assets and rights subject to the compulsory purchase and describes the reason that justifies the action.

Who needs an an Appraisal for a compulsory purchase order?

ACQUIRING AUTHORITY, OWNER, BENEFICIARY, NATURAL PERSONS, LEGAL ENTITIES, COMPENSATION BOARDS

Any natural person or legal entity who wishes to check or challenge the appraisal sheet or at any time in the process, to determine the fair price.

Additionally, when a member of a Compensation Board decides to go against it and needs to know the value of his/her assets or rights.

All in all, any party involved in the proceeding may need this type of appraisal, not only the owner, but also the acquiring authority and the beneficiary.

What makes Gloval different?

EXPERIENCE AND DEEP KNOWLEDGE OF THE LAWS, URBAN PLANNING AND LEGAL MATTERS

This type of appraisal requires deep knowledge of the laws, urban planning and legal matters.

Gloval has been working with administrations, public companies and individuals for years, representing them as acquiring authorities, owners or beneficiaries.

Order Appraisal

What makes Gloval different?

EXPERIENCE AND DEEP KNOWLEDGE OF THE LAWS, URBAN PLANNING AND LEGAL MATTERS

Order Appraisal

This type of appraisal requires deep knowledge of the laws, urban planning and legal matters.

Gloval has been working with administrations, public companies and individuals for years, representing them as acquiring authorities, owners or beneficiaries.

How we do an Appraisal for a compulsory purchase order?

WE EXPLAIN THE ENTIRE PROCESS TO YOU

We put our many branches and over 1,100 local experts who master the local real-estate market at your disposal.

1. Order

Tell us your needs by filling in our form.
We will analyse your order, assign you a technical team and ask you for the documents we need.

2. Then we get started

Our technical team will contact you and arrange a date to visit the property and perform all the checks required by the laws, including registry records, occupancy status, development, cadastre, market and other checks.

3. Your value

Before you receive it, the property appraisal or valuation goes through a calculation process led by experts who specialise in the real-estate market and then a technical validation process run by Gloval to ensure the quality throughout the entire process and give you the best service possible.

4. Delivery

We will then send you the report and will remain at your disposal for any doubts you may have.

Frequently Asked Questions

Do you need an appraisal to challenge the appraisal sheet of a compulsory purchase order?

Yes. In fact, the appraisal must have a reference and observe very specific regulations.

Could an appraisal sheet be wrong?

Yes. It is important to check the accuracy of the data shown on the sheet and whether they truly reflect the right or property subject to the compulsory purchase order, not only physically but also the circumstances that give rise to the case, etc.

Will they force me to sell my property for its current value and situation?

Compulsory purchase reports are linked to a precise date and should also take into account the urban planning situation of the land, consolidation of the constructions, etc. which means that they should analyse each case separately and apply the specific regulations.