Overview of our services
We offer real estate property valuations for buying/selling, investments, lending/leasing, expropriation compensation, inheritance cases, divorces, corporate financial statements and other purposes. Real estate appraisals are provided for all sectors of the real estate market (houses, apartments, offices, shops, fields, plots, tourist complexes, industrial estates, livestock, residences).
We are constantly active in the local real estate market and, while we focus on the physical and legal features of the appraised properties, our thorough analysis always result in reliable real estate appraisals in any project. The valuation reports are prepared by accredited members of ETEK, as well as the Royal Institution of Chartered Surveyors (RICS), with extensive experience in real estate valuation.
Property Valuation
We provide commercial, residential and rural property valuations exclusively by recognized and certified professional appraisers.
We provide commercial, residential and rural property valuations to banks and building societies, property companies, developers, investors and fund managers. We have completed thousands of property valuations since the company was established.
Our property valuation department has many years of experience in the field of assessment and valuation of property and undertakes the assessment and valuation of all kinds of property and interests for different purposes such us the following:
- Valuations for loan purposes
- Valuations for Insurance purposes
- Revaluations
- Valuations for buying or selling a property
- Investment Valuations
- Asset Valuations
- Valuations for Tax Purposes
- Valuation for Land Compensation
- Valuations for Court purposes
- Rental Valuations
Among others, our portfolio includes hotel valuations, private hospital valuations, shopping malls, big retailers and public listed companies (for IFRS purposes).
Additionally we successfully advise many prominent law firms, as expert witnesses in court proceedings.
Our office carries out many feasibility studies across many sectors of business in Cyprus. Our feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of the existing business and threats as presented by the environment in Cyprus and from overseas, the resources required to carry through, and ultimately the prospects for success.
Our well-designed feasibility studies and real estate reports provide a historical background of the business or project and extended information including:
- description of the project
- accounting statements
- details of the operations and management
- marketing research and policies
- financial data
- legal requirements and Cyprus tax obligations
Real Estate Reports
We conduct market research and prepare detailed analytical insights to identify a property’s impacts and benefits.
Investments Consultancy
We offer in-depth analytical investment scenarios to maximize your returns and to get established in the property market.
Comprehensive and high-quality property consultants generally facilitate the processes of looking for, purchasing or selling property and the management of the entire process. In the light of the extreme complexity of property markets and due to the constant changes in this sector, a good property consultancy is a pre-requisite for purchasing or selling apartments, houses or commercial property.
Included in our consultancy services are also recommendations for choice of location, measures for accurate property valuation and advice on financial matters.
Many of our clients seek our advice to maximize their returns through property investments and to establish themselves in the property market. We specialize in financial modelling and DCF techniques to offer in-depth analytical and realistic investment scenarios. We also apply sensitivity analysis in order to establish the best opportunity.
Development Appraisals
We objectively test the ability of a project to meet its costs whilst ensuring an appropriate value for the landowner and a market risk adjusted return to the developer.
Development appraisal involves research into constraints and opportunities evolving from the location, legal and planning aspects of potential sites as well as their physical characteristics. This can be a complex process, and independent client advisers may be required by the client to supplement in-house expertise and assist research and evaluation.
We equip you with all the detail you need to make an informed decision. This includes a full cost-revenue report incorporating estimates for improvement work provided by our trusted builders, an assessment of return on investment, and stress-tests against time and finance.
The economics of real estate are based significantly on property supply. Therefore, a proper development appraisal is more than necessary.
We can advise the Highest and Best Use for a potential development and provide realistic and obtainable NPV and IRR.
It is important to understand the current market. Your consultant is an expert market analyst and gives house price projections, and the latest assessment of the residential rental sector. This equips you to decide with your consultant which locations and types of property are most likely to meet your goals.
Our team assists property developers, landlords, investors, the public sector, commercial and retail occupiers, with economics impact assessment, market analysis and feasibility studies.
We prepare robust and detailed analytical insights which are used to inform investment decisions and identify a property’s or a project’s likely economic, social and developmental impacts and benefits. Market research might include:
- Estimate of time before the development is completed
- Local amenities attractive to the market, such as location, ease of parking , public transportation
- Site and local features that may be attractive to future tenants or purchasers
- Experience acquired from similar developments
- Current demand and competing supply of facilities coming onto the market within the time-frame of the development
- Future proofing building requirements
- National and regional economic trends
- The potential effect of technical changes, social trends and changes in working practices
Market Research
We provide economics impact assessment, market analysis and feasibility studies to property developers, investors, landlords and the public sector.
Due Diligence and Initial Planning Investigation
Due diligence refers to the investigation and research done before entering into an agreement or a financial transaction with another party.
Due diligence is an investigation or audit of a potential investment to confirm all facts, that might include the review of financial records. A thorough research before signing a contract, especially one involving the purchase or sale of real estate is essential. Due diligence means taking precaution, reviewing and analyzing documents, performing calculations, purchasing insurance, performing inspections, and walking the property before you actually enter into a binding real estate contract.
Investors perform due diligence before buying a property from a company. It can also refer to the investigation a seller performs on a buyer that might include whether the buyer has adequate resources to complete the purchase.
The purpose of a due diligence investigation is to enable the buyer to discover as much as possible about the property before he or she is obligated to buy it. This includes discovering information that the seller may not want the buyer to know or perhaps information of which the seller isn’t even aware. We recommend preparing a thorough due diligence checklist that the buyer presents to the seller early in negotiating the deal. Thorough due diligence consists of three broad categories of investigation:
- financial due diligence,
- physical due diligence and
- legal due diligence.
We conduct investigations at the Department of Land and Surveys, the Planning Authority and other governmental organizations for all property related issues. We stand ready to assist in all aspects of commercial real estate, from formation of the real estate holding company to financing to closing the deal.
ANK Valuations is a company based in Cyprus that provides a wide range of real estate professional services including valuations, appraisals, property management, planning & development advice and market research.
