What is your property's market value? A useful assessment considers the property itself, the available evidence and the market. Frixos Stef. Sakellaris combines civil engineering expertise with property valuation experience to support informed decisions.
Certified property valuer
His professional biography includes certified valuer registration no. 140 in Greece and MRICS membership of the Royal Institution of Chartered Surveyors. His experience covers residential, commercial and industrial property valuations for lending and financial reporting.
Read his professional qualifications and full biography.
What does property market value mean?
Market value is an estimate of what a property would exchange for at a particular date, following appropriate marketing, between independent, informed parties acting freely. It relies on defined assumptions and does not guarantee the eventual sale price.
An asking price reflects a seller's expectations. Its usefulness as comparable evidence depends on the property's location, characteristics and marketing circumstances.
Reference: IVSC — Market Value definition.
How is a property valuation approached?
- Purpose and scope. Establish the intended use, property interest and valuation date.
- Property information. Review the available documents and identify the inspection and investigations required.
- Market evidence. Assess comparables alongside location, size, condition, use and development potential.
- Reasoned conclusion. Select suitable methods and present the evidence, assumptions and valuation conclusion.
When is a valuation useful?
Valuations support purchase and sale decisions, asset management, and the consideration of lending or financial reporting requirements. If a bank or another named recipient will use the report, its requirements should be established before the instruction is agreed.
Frequently asked questions
What information is needed initially?
Start with the location, property type, floor area and valuation purpose. Depending on the assignment, title documents, plans, planning information and tenancy details may be needed. The document list is tailored to the property.
What does it cost and how long does it take?
The fee and timescale depend on the property type and location, available information and scope of work. Get in touch to discuss the assignment and receive a specific proposal.
Is a price per square metre enough?
A general rate does not capture a property's individual characteristics. Assessing comparable evidence and relevant differences is an essential part of the work.
Discuss your property valuation
Send the location, property type and purpose of the valuation so we can identify the next steps.
Contact about a property valuation
Related reading: ENFIA: A deeply class-biased tax (original article in Greek).