Valuing Student Housing: Correctly Classifying Micro-Apartments, Student Residences, and Operator-Managed Properties
Warum Standort, Betreiberkonzept und Drittverwendungsfähigkeit über den Verkehrswert entscheiden
Read moreWarum Standort, Betreiberkonzept und Drittverwendungsfähigkeit über den Verkehrswert entscheiden
Read moreWhy valuation for the financial statements follows different rules than a market value appraisal
Read moreFrom the market value appraisal report under § 74a ZVG to the bid – what bidders and owners need to consider
Read morePersonnel Certification, Accreditation, and the Recognition of the Appraisal Report by Courts, Tax Authorities, and Banks
Read moreProperty Tax A or B? Why the Classification of a Plot Determines the Tax Amount
Read moreNo Market, No Sales Comparison Approach – Why Cost Approach, Conversion Potential, and Heritage Protection Determine Value
Read moreWhy operator creditworthiness, lease terms, and alternative use determine market 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 moreForeign appraisal reports may be used as a source of information; however, they regularly do not replace an appraisal report prepared under German law for German authorities and courts, particularly where differing valuation standards apply.
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