Real estate valuation involves an independent, unbiased valuation of a dwelling or a commercial property. Valuations are performed by trained professionals and have legal standing for the purpose of issuing mortgages, assessing insurance claims and negotiating lease agreements. Real estate appraisals are not included in the industry. Appraisals are provided by real estate agents and property advisors and are usually estimates based on market knowledge that are not definitive and have no legal standing.
Operators in this industry specialise in estimating the fair market value of real estate. Valuers research a property or development to determine the characteristics pertinent to its market value. Valuations for a property are carried out when it is sold, mortgaged, taxed, insured or developed.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.