North Cyprus Property Valuation Services:

Getting a property valuated in North Cyprus is one of the crucial stages of the property buying process. We, through our affiliated certified associate valuation companies, provide independent valuation service in North Cyprus, following International Valuation Standards. From a single residential or commercial building to a portfolio of properties, we will help you better understand the value of the property and make decisions accordingly.

Whether you are buying or selling a property in Cyprus, a representative assessment of its market value can provide crucial insights. But more than that, you are unlikely to be able to proceed with a loan from a bank/financial institution for purchasing a property without a certified valuation.

Getting a property valuated provides you the ‘market value’ unless otherwise demanded. Rent capitalization for example may be introduced for purchases for investment or commercial purposes which we call ‘investment value’. We discuss the aim of your interest and consult you accordingly.

A valuation of a northern Cyprus property typically involves a visit to the property, along with considerable desk research. We keep substantial records of recent market transactions and follow changing market conditions to provide you a reliable figure. Evidence from both the visit and the research are combined to determine the market value of the property.

The surveyor will make a visual inspection of many aspects of the property when making a valuation. These can include:

• how the property was built and what it is made from
• the size of the buildings and their respective plots
• the presence of outbuildings, garages, and parking
• the condition of the property
• whether there are any serious defects
• recent improvements to the property, such as extensions 
• the location of the property – its desirability, proximity to local amenities and the quality of the local amenities
• information on the sale price of comparable nearby that have recently been sold.

It is important to remember that valuations are not building surveys. Properties can have many defects, both major and minor, that do not affect market value but that do require costly repairs and maintenance. For this reason, if you are purchasing a property it is a good idea to hire an independent and professional property advisor in north Cyprus to obtain this kind of information, he/she would inform you if further specialist consultancy would be required. That way, you know exactly what you are buying and that is exactly what we aim to provide you with.

 

For more information about our Valuation Services though our associated Valuer Companies, please don’t hesitate to contact us at [email protected]