Service portfolio

Especially within the scope of property purchase or disposal, but also in case of occasional valuation, valuation of property in line with the market is essential. The market value is defined in § 194 BauGB as follows:

The market value is determined by the price, which can be achieved at the particular time referred to by the valuation, in an ordinary course of business, according to the prevalent legal conditions and its actual characteristics, as well as its quality and the location of the plot or any other subject of the valuation, regardless of any exceptional or personal circumstances respectively.

Determining the mortgage lending value is crucial in property financing for the credit decision process. The mortgage lending value can be defined as the long-time value of securities, unattached by temporary economic cycle. The mortgage lending value is defined in § 3 (1) of the Mortgage Lending
Value Ordinance as follows:

The value on which the lending is based (mortgage lending value) is the value of property which based on experience may throughout the life of the lending be expected to be generated in the event of sale, unattached by temporary, e.g. economically induced, fluctuations in value on the relevant property market and excluding speculative elements.

New standards for reporting procedures in accordance with IFRS necessitate many companies to undertake periodic valuation of their property portfolios. It applies especially to plots and buildings, which are held in order to earn rentals or for capital (IAS 40). BulwienGesa Valuation investigates the fair value of individual property and portfolios quickly and according to valid standards. Individually designed valuation routines allow periodic valuation at relatively low costs.

Customers’ requirements regarding valuation reports differ depending on individual customs of the relevant market. The comprehensive spectrum of our staff members’ qualifications (MRICS / FRICS, CIS HypZert (F/M/R), Designated or Associated Member des Appraisal Institute et al.) allow BulwienGesa Valuation to deliver valuation reports in accordance with acknowledged international standards of the RICS (RICS Appraisal and Valuation Standards „Red Book“), the IVSC (International Valuation Standards „White Book“) and the TEGoVA (European Valuation Standards „Blue Book“) respectively.

Especially in case of portfolio purchases or disposals, quick and valid appraisal of a portfolio’s value is crucial. Due to our market experience, the comprehensive database as well as the well-founded technical and methodological competence, we were able to valuate numerous portfolios in the past in a reliable, efficient and quick manner.