We can help minimize difficulties following the breakup of a marriage or relationship by providing a market valuation of your Spanish property.
Although always a difficult situation, we can help identify the value of your asset, hopefully, before it goes to court. If this is not possible, we can act as an expert witness if required by providing a valid UK court valuation of your Spanish property.
We offer a competitive Nationwide service throughout Mallorca, Ibiza and mainland Spain.
The Bank of Spain has finally proposed that valuers are independent from Banks and separate from the lending institution. This has been a long time in the coming and considered a contributing element in creating the property bubble. It is common that Spanish banks own a percentage of the valuation company carrying out their appraisals.
In a report issued to the banks and their valuers, they also suggest, very sensibly, that
loans should not be over 80%
that banks use more than one valuation company
They should view any previous valuation before making a lending decision
The banks also states it doesn’t not believe in massive, desktop valuations and that the valuer should always visit the property, including an internal inspection.
