Market Value and Compulsory Auction: How the Value Is Set and What the 5/10 and 7/10 Thresholds Mean
From the market value appraisal report under § 74a ZVG to the bid – what bidders and owners need to consider
Read moreFrom the market value appraisal report under § 74a ZVG to the bid – what bidders and owners need to consider
Read moreNo Market, No Sales Comparison Approach – Why Cost Approach, Conversion Potential, and Heritage Protection Determine Value
Read moreLegal bases under § 16 PfandBG, the two-pillar principle of the BelWertV, and the current minimum capitalization interest rates — and why, since CRR III, the mortgage lending value as Property Value has been gaining significance far beyond the Pfandbrief business
Read moreAnyone valuing real estate in Germany works on the basis of § 194 BauGB and the ImmoWertV. Anyone conducting valuations for international investors, banks or listed property holders will encounter two further sets of standards: the Red Book of the RICS and the Blue Book of TEGoVA. Both were published in fundamentally revised editions in 2025. This article outlines what the two standards govern, how they differ, and when they actually become relevant in German valuation practice.
Read moreAn arbitration appraisal is a contractually agreed appraisal that is binding on both parties, intended to avoid a judicial dispute over contested value issues from the outset.
Read moreFor inheritance tax purposes, the full, unencumbered market value of the property is first determined. The remaining outstanding debt can then be deducted as an estate liability, provided it actually originates from the deceased.
Read moreIf a property is bequeathed to a specific person, the full market value of the property as of the date of death remains decisive for inheritance tax purposes, regardless of whether the legatee is also an heir.
Read moreCondominium units are valued in the equalization of accrued gains like other properties as of the dates of marriage and litispendence, usually using the sales comparison approach, supplemented by property-specific factors such as maintenance reserves or rights of exclusive use.
Read moreIn a foreclosure auction, a lower proceeds amount is often achieved than in a voluntary sale, as bidders factor in the risk of a court proceeding as well as the lack of comprehensive viewing opportunities.
Read moreThe total value of the property is first determined uniformly and then allocated computationally between both partners according to the co-ownership shares registered in the land register, for example 60 to 40 percent.
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