Advisory & Analysis
Valuation
The value of a property is not an attribute of the asset but a reasoned market assessment as at a valuation date. We determine it transparently in accordance with the Austrian Real Estate Valuation Act (LBG), ÖNORM B 1802 and international standards – as a basis for transactions, financing and financial reporting.
Valuation
Values that stand up to scrutiny.
Every valuation is a model and therefore only as robust as its assumptions. We disclose them – market rent, operating costs, capitalisation and discount rates, remaining useful life – and test them against prices actually achieved in transactions.
Sensitivity analyses show how strongly the result reacts to changes in rent, interest rates or vacancy. This turns a number into a basis for decision-making.
Market value appraisals
Market value pursuant to § 2 LBG for properties, land and portfolios using the comparison, income or cost approach; the choice of method depends on asset type and data availability – as a desktop valuation or a full appraisal.
Investment & DCF analyses
Discounted cash flows over ten years or more with exit assumptions, key figures such as IRR, net initial yield and multiplier, and scenarios for rent, interest rates and vacancy.
Project & residual value analyses
Working back from the achievable project value, less construction, ancillary and financing costs and developer’s profit, to the land price the project can support – the key figure in every acquisition decision.
Portfolio & asset valuation
Valuation of larger portfolios using a consistent methodology, including fair value under IFRS 13 and IAS 40 and for financial statements under the Austrian Commercial Code (UGB).
Plausibility review
Methodological and substantive review of existing appraisals and purchase prices – as an independent second opinion.
Appraisals requiring special authorisation – for courts, for instance, or Red Book valuations for lenders – are prepared together with court-certified experts or RICS Registered Valuers.
Do you need a robust value?
Tell us the property, the purpose and the valuation date. We will propose scope and fee.