Property Valuation: Documented Assessment of Market Value
The value of a property does not come from a price per square metre. Two apartments on the same street, on the same floor and with the same floor area can differ significantly in value because of the view, the state of maintenance, the planning status or access.
Structy.gr provides property valuations that combine the technical knowledge of a Civil Engineer with market data analysis, geospatial information and recognised valuation methods — so that the final value is explainable and defensible, not an estimate made by eye.
When you need a property valuation
Purchase or sale · checking an asking price · price negotiation · investment assessment · inheritance matters · division or separation of property · judicial and out-of-court proceedings · financial and business planning · investigation of the optimal use of a property.
Types of property: apartments, detached houses, maisonettes, retail units, offices and commercial premises, buildings, building plots, agricultural land and parcels, properties for investment or development.
How value is determined
For residences, building plots and typical commercial properties, the comparative method is primarily applied: properties with similar characteristics are identified and adjustments are made for the differences between them.
The difference lies in how these adjustments are quantified. Instead of empirical coefficients, statistical analysis of the comparables is used (regression, checks of dispersion and goodness of fit), so that the effect of each factor is isolated separately. Where required, complementary approaches — cost or income — are also applied to cross-check the result.
Among others, the following are examined: exact location and accessibility, floor area and geometry, use and planning characteristics, building potential, age and quality of construction, state of maintenance, floor level and orientation, view, energy status, auxiliary spaces and parking places, as well as actual comparable transactions in the area.
Valuation of plots and land
Land valuation requires technical investigation before any figure: compliance with minimum plot requirements and buildability, planning status, building coefficients and restrictions, frontage and access, geometry and morphology, forestry or other restrictions, Cadastre data, existing structures and potential for future development.
Experience in surveying, the Cadastre and GIS allows these parameters to be checked against the actual geospatial data — not merely against what the title deed states.
Property investment assessment
For investment properties the analysis extends beyond current market value: potential rental income, gross and net yield, renovation cost, the possibility of a change of use or upgrade, potential capital gain and alternative utilisation scenarios.
The aim is not only «what is it worth today», but also «what is its most economically efficient use».
Why a valuation by a Civil Engineer
A large part of the value is hidden in elements that only a technical professional can assess: the actual condition of the structural system, the cost of restoration or energy upgrading, planning possibilities, room for extension, and the characteristics of the plot.
Property Valuation · Civil Engineering · Surveying · GIS · Cadastre · Data Analysis
The financial appraisal is linked to the actual technical and development potential of the property.
Request a valuation
For an initial assessment, send: type of property, area/location, floor area, year of construction, topographic plan or floor plan (if available), ΚΑΕΚ (if available), photographs and the purpose of the valuation. After reviewing the basic information, you will be informed of the scope of work and the fee.
Frequently asked questions
What is the difference between objective and market value?
Objective value is a tax figure derived from standardised coefficients. Market value is the amount that would realistically be achieved in a transaction. The two figures can diverge significantly — in either direction.
Why is the average price per square metre in the area not enough?
Because it is an average of asking prices, not achieved ones, and it ignores everything that makes the specific property different. It is used as an indication, never as a valuation.
What information is needed for the valuation?
The essentials are described above. The more complete the file (title deeds, permit, floor plan, ΚΑΕΚ), the lower the uncertainty of the result.
Structy.gr — Property Valuations · Technical Analysis · Surveying · Geospatial Intelligence