Cyprus Property Valuation Services
We are an independent property valuation company based in Cyprus who prides itself in providing our clients with impartial and professional property valuation advice. Using the very latest in internet based technologies, as well as our own extensive in-house property database, we provide clients with up to date property market advice.
We prepare professional property valuations in accordance with the latest RICS Valuation Reporting Standards. Reports are kept as free of jargon as possible and are set out clearly and concisely. All of our property valuers are Registered with Etek (The Cyprus Scientific and Technical Chamber), which is the statutory technical advisor to the state and the umbrella organisation for all Cypriot engineers, surveyors and valuers.
In addition, some of our expert property valuation team are also members of RICS (The Royal Institute of Chartered Surveyors). We offer all of our valuation reporting services in either the English or Greek language and can offer professional translations of these reports via our associate professional translators. We are experienced in all areas of property valuation, including the residential, commercial and touristic property sectors. For more information on specific property valuations we undertake, please read the information provided below or contact our team for more information.
Commercial Property Valuations
G&P Lazarou prepares loan security valuations for all of the islands major banks and many other financial institutions. We also provide a range of other property valuation related services, including expert witness work, compulsory purchase advice, property valuations for capital gains, inheritance tax and valuations for accounting purposes.
We have extensive experience in the valuation of retail, office, industrial and mixed use properties in Cyprus. We cover the districts of Larnaca, Limassol, Nicosia, Paphos and Ammochostos.
We also have the relevant expertise to value specialist properties such as hotels, shopping centres and specialist investments such as solar and other green energy investments. We have detailed knowledge of valuation methodologies but combine this with a practical approach, which only possible with a full understanding of the Cyprus property market.
Residential Property Valuations
We have an experienced team of residential property valuers who operate from our three offices, covering all areas of the Republic of Cyprus. Our clients include large national lenders, specialist property banks, funds, developers and private individuals, who are based either locally or overseas. We also act for specialist lenders involved in property investment and undertake mortgage valuation work.
Over the years we have seen the need for fully compliant Rics Red Book valuation reports to address the need for more information to allow funding decisions by banks and lenders servicing the increasing market for residential investment.
With many years of experience in the area of mortgage valuation our valuers have in depth knowledge of the Cyprus property market and typical investment requirements and can provide clear and objective reporting. Development valuation and appraisal reports are undertaken by combining core valuation skills with technical proficiency in the use of spreadsheet based appraisal tools. Valuations for overseas investors in the Cyprus property market can range from individual units to appraisals of large scale off-plan or completed residential developments. Our experience and expertise means that we build a close relationship with our clients and develop an understanding of their investment strategy and requirements.
With an increasing number of overseas investors in Cyprus, we recognise that such investors require expert advice that goes beyond simply knowing the value of an asset. We aim to add value to such investment decisions by providing our insight and local knowledge of the property market.
Using our property market experience and extensive knowledge database, we can prepare property valuations for Inheritance, Divorce and Capital Gains Tax purposes and conduct negotiations with the Land Registry Office. We also provide Compulsory Purchase advice to individuals, businesses as well as public bodies.
We work with a number of local, national and internationally recognised Chartered Accountants, Law Offices, Architects, Building Surveyors, Civil Engineers, Interior Designers and Topographers and together we can provide informed and timely advice to our customers.
We have specialist knowledge of appraising residential and commercial property developments. We can provide residual land values as well as Gross Development Values and assess the reasonableness of build costs. We use specialist local knowledge and up-to-date expertise.
Our property valuation team are capable of providing full in-depth written reports, assessing the building costs, sales timing and marketability and in conjunction with our Building Consultancy Division we can project manage any development.
In addition to this, we can advise our clients of the most beneficial ways to structure a joint venture agreement for a possible new development. If you are interested in sourcing land suitable for development, please ask to speak to our associate estate agency division or email us here.
We act on behalf of most of the lenders currently active in the Cyprus property market, including all of the islands major banks and provide a fast and efficient service. Our property surveyor’s are always happy to discuss and explain our findings to our clients.
Our expertise ranges from reporting upon multi-million pound developments to a modest apartment. Investment and Portfolio Valuations can be prepared incorporating rental valuations with full market commentary supported by comparable evidence. Instructions are frequently dealt with via web based administration and electronic reporting systems.
All valuations are prepared by our experienced qualified valuers and are subject to exacting quality control procedures. We are totally independent and pride ourselves on providing honest, timely and unbiased advice.
Legal action in property related matters often requires Expert Witness advice. This type of work can be as a result of an instruction from solicitors, e.g. for matrimonial or probate purposes or for personal use by private individuals. We are also able to offer mortgage lenders advice on a retrospective basis using our records and by research using specialist databases.
This type of detailed valuation work can be carried out by RICS qualified surveyors as well as our ETEK registered valuers, who are all experienced in such professional work. We provide initial reports giving valuations for specific purposes. We are also able to represent specific interests in court or negotiate on behalf of our clients.
We provide expert witness reports on a range of residential and commercial property valuation issues, including family disputes, negligence, dilapidations and other matters. It may sound obvious, but we only provide advice on properties where we truly believe we have the necessary expertise and experience. Please contact us to discuss a matter in more detail.