Market Value of Church Buildings: How Ecclesiastical Properties Are Valued
No Market, No Sales Comparison Approach – Why Cost Approach, Conversion Potential, and Heritage Protection Determine Value
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 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 moreEinleitung Der Münchner Wohnimmobilienmarkt präsentiert sich zu Beginn des Jahres 2026 in einem Umfeld, das durch stabilisierte Preisindizes und weiterhin erhöhte Finanzierungskosten…
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.
Read moreA building damage report technically analyzes the cause and extent of specific structural defects, while the market value appraisal quantifies their economic impact on the overall value of the property. Both reports complement each other when damage is value-relevant.
Read moreA market value appraisal determines the market value of a property, while a damage appraisal report documents specific structural damage and establishes its cause as well as the costs of remediation. Both types of appraisal reports frequently complement each other in cases of value-reducing defects.
Read moreSignature and seal confirm our personal responsibility for the content of the appraisal report. As a publicly appointed valuer, our seal additionally indicates our formal qualification and appointment.
Read moreNo, automated online estimates can provide initial indications, but they cannot replace a legally sound market value appraisal, as they cannot account for individual property characteristics, legal circumstances, and actual condition.
Read moreIn the course of preparing the appraisal report, we process personal data and are therefore bound by the requirements of the General Data Protection Regulation, in particular with regard to confidentiality, purpose limitation and the secure storage of documents.
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