Whether it is (building) land, an apartment, a house or a commercial property which is to be sold, the question of the actual value, the market value of the property, always seems to top of the agenda.
The market value is defined as the price which can be achieved for the sale of the goods in the ordinary course of business (§ 2 (2) LBG).
The special preferences and other ideal valuations of individuals should be left out of consideration in the determination of the market value. (Section 2 (3) LBG).
In spite of common preliminary investigations, the variance of the evaluation results by different assessors is generally very high.
However, we have the benefit of both the technical and business background in our company to be able to make correct evaluations.
We are regulated by RICS (Royal Institution of Chartered Surveyors) and are subject to the strict control of RICS. The “Rules of Conduct for Firms” are codes of conduct for companies regarding ethical and moral principles.
The analysis of further evaluations such as Capex and Opex property costs are equally relevant for us as well as DCF calculations (discounted cash flow calculations).