Property Valuation Report

A valuation report is an official study that documents a property’s current market value through an independent body, and it’s requested by the land registry office when a foreign national is the buyer. It must be issued by a valuation company licensed by the Capital Markets Board (SPK), and it carries a limited validity period — we’ll confirm the current timeframe during a consultation. We touch briefly on how this report fits into a citizenship-by-investment application, with the full picture on our dedicated page for that route.

Average Processing Time: Can be prepared within a few days, depending on demand (varies)
Issued By: A valuation company licensed by the Capital Markets Board (SPK)
Validity: Has a limited validity period; we’ll confirm the current duration during a consultation

Initial Assessment

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Who It’s For

Buyers and sellers required to obtain a valuation report before a sale to a foreign national

The report needs to be ready before the title deed process begins.

Foreign nationals planning a citizenship application through real estate investment

We cover the conditions specific to that application on a separate page.

Those wanting an independent confirmation of a property’s current market value

Can help inform your decision before buying.

Those needing a valuation report as part of a financing or loan process

Banks typically also request an independent valuation report.

Required Documents

The property’s title deed or registry information

Needed for the valuation company to correctly identify the property.

Identity/passport details of the requesting party

The property’s exact address and, if applicable, its unit number

The site visit is scheduled based on this information.

Building permit or occupancy permit, if available

The property’s structural status is also taken into account in the valuation.

Floor easement or condominium ownership document

An appointment for site access

Needed so the appraiser can inspect the property in person.

Information on the report’s intended use (sale, citizenship application, loan, etc.)

The valuation company may adjust the report format depending on the purpose.

The document list can vary by application reason and personal circumstances; the current requirements of the Provincial Directorate of Migration Management apply.

Process Steps

01

Request and Choosing a Company
Within 1 day

Contact is made with an SPK-licensed valuation company.
02

Document Submission
A few days

Documents related to the property are submitted to the company.
03

Site Inspection
Depends on appointment

The appraiser inspects the property in person by appointment.
04

Report Preparation
Varies by company

The valuation report is drawn up.
05

Using the Report
Must be used within its validity period

The report is added to the title deed process or the relevant application file.

Not sure whether your situation fits this process?

Initial Assessment

Legal Basis

Land Registry Law No. 2644 Article 35

Requiring a valuation report in a sale to a foreign buyer is part of how this article is applied in practice.

Common Mistakes

Getting the valuation report from an unlicensed body

A report from a company without an SPK license won’t be accepted in the title deed process.

Using the report after its validity period has expired

An expired report will be rejected during the transaction, meaning a new one has to be obtained.

A mismatch between the value in the report and the price declared on the deed

This kind of inconsistency can delay the transaction and invite further scrutiny.

Obtaining the report too far ahead of the transaction date, letting it expire

Poor timing means paying for a new report and losing time to delay.

Changes in the property’s physical condition not being reflected in the report

Later alterations can affect the valuation, and this gap is easy to overlook.

Frequently Asked Questions

It depends on the situation; we plan this together during the process.

In practice it’s requested for sales to foreign buyers; we confirm the current requirement together.

It has a limited validity period; we’ll share the current duration during a consultation.

Yes, as long as it holds an SPK license; we can suggest options if you’d like.

A gap between them can raise questions in practice; keeping them consistent matters.

The valuation logic is similar, but we cover the details specific to that application on its own page.

A new report needs to be requested; we help move that along quickly for you.

Related Services

Title Deed Process for Foreign Buyers The title deed process for a foreign buyer starts with a check on whether the property sits within a military or security zone, followed by booking an appointment at the land registry office. Preliminary Sales Contract A preliminary sales contract lets both sides commit to a binding promise before the actual title transfer takes place, and it has to be drawn up before a notary to have legal effect. Post-Purchase Taxes and Utilities Once the title transfer is complete, a new owner takes on a set of follow-up obligations: registering for property tax with the relevant municipality, arranging or taking over the mandatory earthquake insurance (DASK), transferring the electricity, water, and gas accounts into their own name, and clarifying the dues situation under the building’s management plan, if one exists.

This content is for informational purposes only and does not constitute legal advice.