Independent valuation of real estate in Russia is a sequence of actions, regulated by the Russian federal law 135FZ "On appraisal activities in Russian Federation" and federal valuation standards, carried out by an independent certified appraiser to determine the value of the subject property.
Speaking about the valuation of real estate, we always mean determining the value of a certain bundle of rights which constitutes title of the subject property. In relation to property, whether it is a land plot, building, premise or structure, there are three most commonly encountered bundles of rights:
1. Freehold. This is the most common type of property title, when the title holder has outright ownership of the subject property and this ownership is not limited in time. In this case the value of the subject property is equal to the value of the full rights of ownership in relation to this property.
2. Leasehold. Leasehold is a form of real estate tenure and is usually obtained by the tenant upon conclusion of a lease. Unlike freehold, leasehold is limited in time – tenant obtains rights to possess and to use the property only for a limited period of time (lease duration). In Russia leasehold estate can be freely bought and sold on the open market.
3. Mixed leasehold and freehold. This form of mixed real estate title is probably unique to Russia, but here we have many real estates (especially in big cities) where building in freehold sits on a leased land plot. In this case, if the building is sold, the lessor is legally obliged to lease the land to the new owner of the building, under the same conditions. As long as the building stands, the land owner cannot deny the building owner to lease the land plot under the building, however the lessor he has the right to adjust the land lease rate according to market conditions.
Sometimes subject property may have limitations in use or may be encumbered with the rights of third parties. Examples of such encumbrances are collateral, compulsory lease or duty to give the right of passage through the property, established by law. The presence of an encumbrance usually reduces the market value of the subject property.
Most often, valuation of a real estate is required in the following situations:
We have more than 20 years of experience in real estate valuation in Russia. Our company provides highly qualified professional services for independent valuation of commercial and residential property – land plots, buildings, premises, residential houses and apartments (condos) in Moscow and other regions of Russia. We also value various industrial structures – roads, bridges, tanks and vessels, tunnels, pipelines, cable lines, power transmission lines, railway tracks, etc.
Depending on client’s requirements we can prepare our valuation reports in English or Russian language according to international or Russian valuation standards.
We also do valuations of large enterprises’ property complexes with real estate located in different regions of Russia. Having extensive experience in implementing large-scale valuation projects and having established professional relations with real estate appraisers in all Russian regions we complete such tasks for our clients in shortest possible time.
In addition to property valuation services, we also provide related consulting services such as:
Should you require more information about our services or a quotation for a specific valuation project, please contact us.
This list of required information and documents is preliminary and depending on the type of subject property and purpose of valuation may be reduced or expanded after our review of the valuation assignment.
If you require quick rough estimate of real estate value in Moscow, you can use our free online calculators.
Note that the calculators give only an approximate indication of the property’s value, therefore for a full and accurate valuation, please contact us.
"Moscow Apartment Value Calculator"
"Valuation of the cost of renting a office space in Moscow"
"Office space valuation in Moscow"