We provide a comprehensive range of single and portfolio valuations, development appraisals, and consultancy services across both commercial and residential sectors.

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RICS Registered Valuers provide formal property valuation reports through the accumulation of local knowledge, internationally accepted methodology and in line with the 

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• International Valuation Standards

• RICS Valuation - Global Standards 2020 - Red Book Global Standards

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Typical Uses/Purposes of Valuation

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We provide different types of valuation reports to suit your requirements and are always happy to discuss individual needs.

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• Transfer of Ownership

• Mortgage Lending

• Financing and Credit

• Lease Extension, Lease Renewals, Rent Reviews

• Shared Ownership-Shared Equity, Help to Buy, Staircasing

• Litigation

• Tax Matters

• Probate

• Investment Counselling, Decision Making, and Accounting

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Property Types

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We provide a market valuation for a wide range of property types including

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• Residential

• Commercial including offices, retail units, shops, storage, logistics

• Hospitality

• Mixed-Use

• Vacant / Development Land

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The Valuation Process

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The valuation process is the orderly program in which the data used to estimate the market value of the subject property is acquired, classified, analyzed, and presented.

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The first step in the process is to define the appraisal - i.e. identify the real estate, the effective date of the value estimate, the property rights being appraised, and the type of value of the subject property. Once this has been accomplished, the appraiser collects and analyses the factors that affect the value of the subject property. Three approaches to value are the sales comparison approach, the cost approach, and the income capitalization approach.

 

The sales comparison approach is based on a direct comparison of the characteristics of similar properties that have recently been sold and transferred in a competitive market.

 

In the cost approach, the cost new of the improvements is estimated and this figure is added to the land value to indicate the value of the subject property.

 

The income capitalization approach is utilized to compute the economic value of the property. It takes a property’s forecasted net income before debt service and allocates these future benefits to the mortgage and equity components based on market rates of return and loan to value ratios. Through a discounted cash flow and income capitalization procedure, the value of each component is calculated.

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The income capitalization approach is often selected as the preferred valuation method for income-producing properties because it most closely reflects the investment thinking of knowledgeable buyers. Factors such as risk, time, and interest on the capital invested, and recapture of the depreciating asset are considered in determining the capitalization rate, which is critical to value estimation.

 

The final step in the valuation process is the reconciliation or correlation of the value indications. In the reconciliation, the valuation surveyor considers the relative applicability of each of the approaches used, examines the range of the value indications, and gives the most weight to the approach that appears to produce the most reliable solution to the appraisal problem.