Official Valuation

Find out the value of your property.

If you need a property appraised for a mortgage loan, advisory in the purchase or sale of a property, or for the distribution of properties from an inheritance or judicial proceedings, you will be required to have an official valuation to ascertain the value of your property.

An official valuation is an appraisal conducted by an independent expert (appraiser), supervised by a society registered by the Bank of Spain, like IBERTASA. The appraisal must be prepared in accordance with the provisions set forth in Order ECO 805/2003, and requires a physical inspection of the property.

The official valuation is constituted by an appraisal report and a Certificate valid for six months, which determines the mortgage value of the property along with information on the property's sourroundings, registry information, cadastral information, pictures, and a plan of the property.

The necessary documents to request an appraisal of your property:

  • Certificate from a property register.
  • Cadastral reference of the property.
  • Definitive zoning classification (if it's a home subsidised by the state, VPO).
  • Renting contract, and the last paid rent receipt (if the house is rented).

Documentation may vary according to what type of property is to be appraised.

IBERTASA
  • emite más de 73.000 informes anuales.
  • dispone de 4 Centros territoriales y más de 600 Tasadores que dan cobertura a todo el territorio nacional.
  • has 25 years of experience.
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