A strong property valuation should not rely on one average price per square metre. Two apartments in the same district can have significantly different values because of their condition, floor, layout, building quality, orientation, location and current market competition.
A data-supported valuation should include:
- the property’s key characteristics;
- similar properties currently on the market;
- recent price changes;
- local price per square metre;
- differences between the subject property and its comparables;
- current supply and demand;
- an estimated price range rather than one unexplained number.
The agent’s experience remains essential. Data provides evidence, while the agent interprets the context.
Create a valuation report with Estima
Try EstimaRelated articles
02·Valuation foundations
How to Select Genuinely Comparable Properties
A comparable property is not simply another apartment located nearby.
1 min read
03·Valuation foundations
Asking Price Versus Probable Selling Price
The asking price represents what the owner hopes to receive.
1 min read
04·Valuation foundations
How to Explain an Estima Price Range to a Seller
A price range is often more credible than one exact number.
1 min read