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There is no statutory validity period; in practice, however, appraisal reports are generally considered current for six to twelve months. After that, an update should be carried out if significant market changes have occurred.
Read moreThe market value is determined in accordance with the German Real Estate Valuation Ordinance (ImmoWertV) using one of three standardized methods: the sales comparison approach, the income approach, or the cost approach. Which method is applied depends on the type of property, its use, and the available data.
Read moreThe market value is an objectively determined, expert-substantiated value pursuant to § 194 BauGB (German Building Code). The purchase price is the price actually negotiated between two parties, which can deviate depending on negotiating skill, market conditions at the time of sale, and individual motives.
Read moreThere is no fixed deadline – however, an existing appraisal report should be updated at the latest in the event of significant market changes, major structural work, or if it is more than one to two years old.
Read moreMarket value (Verkehrswert) and market value (Marktwert) are legally synonymous – both refer to the price that could be achieved for a property in the ordinary course of business. The term "Verkehrswert" is legally defined in § 194 BauGB, while "Marktwert" is the internationally common technical term with the same meaning.
Read moreHow rights of residence and usufruct, as encumbrances registered in the land register, reduce the market value of a property, and which valuation factors valuers take into account
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