Valuation at the highest level
Every property holds its own distinct value, deserving a tailored evaluation. Our decades of expertise and eye for detail ensures a seamless sales process. Get your free and non-binding on-site valuation.
REAL ESTATE VALUATION
Appreciation as a philosophy
We value the individuality and history of each property. Often, it is the hidden values that determine the price. Our experienced advisors will recognise all the unique details to effectively market your property and achieve the best possible price.
On-site valuation
The best value comes through in an on-site valuation, where our experts take into account all of the unique characteristics that make your property special.
Skilled professionals
Our advisors are educated and professionally trained in the Engel & Völkers Academy. Valuation is one of our core competences and the key to a successful sale.
Local expertise
A precise property valuation requires local market knowledge and experience. Our local experts determine the optimal price based on market and target group analysis.
The correct valuation
The top 6 factors for property valuation
When it comes to selling a house or apartment, one of the most crucial and intricate steps is accurately valuing the property. Let's delve into the six key factors that play a significant role in determining your property's value.
“Location, location, location”: The old maxim is still true to this day. The location of a property is still one of the most value-determining factors, and often more than the property itself. We differentiate between micro location and macro location. The micro location is the close surroundings of the property, such as a city district, whereas the macro location describes the region in which the property is located. Whether a location is desirable or not is also determined by the existing infrastructure and cultural, educational, and recreational facilities.
Is the property newly built, or has it been there for a while? Is it in need of renovation or as good as new? Age influences the value of a property. However, it has less to do with the year it was built and more to do with the property's condition in relation to its age.
For example, if a property is very old, urgent or routine renovation work may be required. However, antiquarian properties in prime communities are still sought after and achieve high transaction prices.
For prospective buyers, the property's condition is very important. It is essential to note that upgraded properties achieve higher selling prices.
Whether you are looking for a home in the city, the countryside, or near the coast, our experts will give you the best possible advice on the condition of your property.
What property type are we dealing with – a terraced house, a detached house, an antic apartment, or an elegant villa? The property type determines the demand for a property and therefore the asking price.
How many rooms are there? Is there a basement and a large garden? Are there special features such as a terrace, sea or landmark view or a built-in sauna? Value factors such as these are very individual and important purchase criteria for buyers.
Last but not least, general supply and demand in the local property market significantly determine purchase price valuation. Our local agents at Engel & Völkers are knowledgeable about the current demand in your region, past transactions, and how it affects the value of your property.
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Sell successfully with Engel & Völkers
It's promising: Our worldwide network of pre-qualified prospective buyers, along with our highly experienced local advisors, will ensure the perfect match for your property.
FAQ
Answers to frequently asked questions
You can request a on-site valuation by one of our Engel & Völkers experts. Contact us online and we will contact you soon with a possible date. It is free and non-binding.
Real estate agents have several standard valuation methods at their disposal, depending on the property in question. Those mostly used are the comparable value method, real value method, and income value appraisal method. The comparable value method is best suited when evaluating private properties. The specific values compared are location, furnishing, size, and layout. Engel & Völkers real estate agents review prices of comparable properties.
Every property is unique! When evaluating a property on site, the Engel & Völkers real estate agents can take individual features and details of your property into account during valuation. The agent values the special history behind each property and understands the "hidden values" of your property.
We will undertake an extensive valuation based on our extensive database, years of experience, and local market expertise. Our sound valuation takes into account the full potential of your property and contains a detailed market and target group analysis in order to achieve the high possible sale price.
A precise valuation by Engel & Völkers takes approximately 2 to 10 days, depending on the individual parameters of the property.
At Engel & Völkers, protecting your personal data is our priority. To receive your free valuation for your property, you will only have to share with us your full name, e-mail address, phone number as well as a few basic property details.
We strictly process your personal data according to law provided by the EU’s General Data Protection Regulation. For the exact content, reason, your right of revocation and measures, please refer to our privacy policy.
Contact
Contact your personal advisor
Engel & Völkers Luxembourg
4, Pl. Joseph Thorn
L- 2637 Merl, Luxembourg
Tel: +352 28-261-727