A valuation report is a document prepared by a certified property valuer that determines the market value of a property — in other words, how much the property is realistically worth in the current market situation.
Banks use the valuation report to decide how much financing can be granted with the property as collateral.
How does the process work?
1. The valuer visits the property and carries out a detailed inspection — reviewing the layout, level of finishing, overall condition, and additional features such as a balcony, storage room, parking space, and more.
2. After that, the property is compared with similar transactions in the same area.
3. The valuation report is usually completed within 1–3 working days and sent both to the client and the bank.
Why is it important?
A valuation report is not just “another piece of paperwork” — it gives both the seller and the buyer an objective view of the market situation and helps both parties make fairer and more informed decisions.
It also allows the bank to assess risk and determine a suitable loan amount.
A practical example:
If you are planning to buy or sell an apartment, a valuation report helps you understand whether the asking price is fair and in line with the market.
And if you are buying a home with a mortgage, the valuation report is a mandatory step before completing the transaction at the notary.