FOX undertakes the valuation of all kinds of immovable property in Cyprus. A property valuation is usually needed for getting a loan to finance the acquisition of a property.
The main reasons why someone may need a valuation in Cyprus are the following:
To use it with a bank for financing purposes
To get the fair value when he is a buyer or a seller in a property transaction
For regulatory reasons as accounting requirements will request it
For taxation purposes when negotiating a valuation with tax authorities
When disputes arise in divisions of property, divorce cases, in property exchanges, rent control law, etc.
A FOX property valuation contains:
The market value and the force sales value of a property
Commentary on the legal and physical characteristics of the property and it’s future potential
Any other advice that the owner may require for the specific valuation use