Property valuation is the process of determining the current market value of real estate objects, such as land plots, buildings, apartments, houses, commercial premises, and other real estate objects. Property valuation is often carried out to determine the value of the property for various purposes and in different contexts.

The main reasons for conducting a property valuation are:

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  Real Estate Purchase and Sale: Estimating the value of real estate to establish an adequate price for the sale or purchase of a property.

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  Mortgage and lending: Assessing real estate for the purpose of issuing loans, mortgages, or securing borrowed funds.

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  Property division: Assessment of property during the division of property in the case of family or business divisions.

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  Investments: Property valuation for making decisions about investing in real estate or managing property for profit.

Property valuation can be carried out using various methods, such as the comparison method, the discounted cash flow method, the replacement method, and others.

Real estate valuation is important for investors, banks, government agencies, legal entities, and individuals, as it helps determine the value of real estate objects, make sound financial decisions, and minimize risks in real estate transactions.