Property Valuation

At PropertyinLimassol, we provide professional property valuation services to determine the accurate market value of the real estate. Our certified valuers prepare formal reports recognised by banks, insurers, and financial institutions, ensuring transparency and reliability.

What is Property Valuation?

Property valuation is the process of determining a property’s market value through an in-depth analysis conducted by a certified valuer. This assessment is essential for real estate transactions, legal matters, and investment decisions. Banks, insurers, and financial institutions formally recognise the resulting valuation report.

What Factors Influence Property Value in Cyprus?

The value of a property depends on several factors, including:

  • Location: Proximity to jobs, schools, shops, and waterfront areas.
  • Size & Layout: Number of bedrooms, total living space, and functional design.
  • Condition & Age: Newer homes or well-maintained older homes hold a higher value.
  • Neighbourhood Trends: Is the area improving, stable, or declining?
  • Market Conditions: Interest rates, government regulations, and real estate demand.
  • Environmental & Social Factors: Pollution, crime rates, and access to public transport.

What Are the Methods Used for Property Valuation in Cyprus?

Professional valuers in Cyprus use internationally accepted methodologies, including:

  • Cost Approach: Calculates value based on construction costs and land price.
  • Sales Comparison Approach: Assesses value by comparing recently sold properties in the area.
  • Income Approach: Used mainly for commercial properties, evaluating potential rental income.

What Should Be Included in a Property Valuation Report?

A professional valuation report should cover key aspects such as:

  • Property Details: Location, size, physical characteristics, and zoning classification.
  • Market Value: An estimate based on recent sales, economic conditions, and comparable properties.
  • Title Deeds & Legal Status: Verification of ownership, encumbrances, and planning permissions.
  • Condition & Structural Assessment: Evaluation of age, construction quality, and necessary repairs.
  • Supporting Documents: Cadastral plans, maps, and relevant legal paperwork.

What Our Property Valuation Includes:

  • Market Value Assessment: A detailed evaluation of your property’s worth based on industry standards.
  • On-Site Inspection: Physical examination of the property, including location, size, condition, and zoning details.
  • Comprehensive Report: A clear, data-driven document outlining property specifics, title deeds, and valuation methodology.
  • Legal and Financial Use: Reports accepted for mortgages, insurance, investment decisions, and dispute resolution.

How Much Does a Property Valuation Cost in Cyprus?

Property valuation costs vary based on property value. The Cyprus Property Valuers Association (CVA) provides indicative rates:

  • Properties up to €250,000: Approx. €300
  • Properties from €250,001 to €1 million: €300 + 0.1% of the extra amount
  • Higher-valued properties: Fees increase proportionally

For a full list of fees, visit the CVA official website.

Why You Need a Property Valuation?

  • Selling or Buying: Ensures fair pricing and prevents under-pricing or overpricing.
  • Mortgage & Loan Applications: Required by banks to assess property value for financing.
  • Insurance & Legal Purposes: Helps determine the right insurance coverage and supports legal matters like inheritance or divorce settlements.
  • Investment Planning: Assists investors in making informed real estate decisions.
  • Rental Pricing: Landlords can set competitive rental rates based on accurate market assessments.

Why Choose DevelopersCyprus?

  • Certified Experts: Licensed by ETEK and members of the CVA.
  • Accurate & Transparent Reports: Compliant with International Valuation Standards (IVS).
  • Trusted Since 1982: Decades of experience in the Cyprus real estate market.

Get Your Property Valuation Today!

Are you buying, selling, or need a valuation for legal or financial purposes? We’re just a call away. Contact us now to book your professional property valuation.

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