The Property Evaluation Form is a essential document used in the Maltese real estate market for conducting professional property valuations. It serves as a standardized template for property valuers to document their assessments in compliance with both Maltese legislation and international valuation standards. The form is designed to capture all crucial aspects of property evaluation, including physical characteristics, market conditions, legal considerations, and value determination. It is particularly relevant for various transactions including property sales, mortgage applications, insurance purposes, and development planning. The document's structure ensures consistency in property valuations across Malta while meeting the requirements of the Malta Property Valuers Act and other relevant local regulations.
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1. Property Identification: Basic details including property address, reference number, and unique identifiers
2. Client Information: Details of the person or entity requesting the evaluation
3. Purpose of Valuation: Stated purpose of the evaluation (e.g., sale, purchase, lending, insurance)
4. Inspection Details: Date and time of inspection, weather conditions, and access limitations
5. Property Description: Detailed description of the property including size, layout, construction, and condition
6. Location Analysis: Assessment of the property's location, neighborhood characteristics, and accessibility
7. Planning and Zoning: Current zoning classification and relevant planning permissions or restrictions
8. Market Analysis: Overview of current market conditions and comparable properties
9. Valuation Methodology: Description of the approach(es) used for the valuation
10. Value Assessment: Final value determination with supporting calculations
11. Assumptions and Limitations: List of any assumptions made and limitations of the valuation
12. Certification: Valuer's certification and professional credentials
1. Environmental Considerations: Required when environmental factors significantly impact value or when specifically requested
2. Heritage Status: Include when property has historical significance or protected status
3. Rental Analysis: Add for investment properties or when rental potential is relevant
4. Development Potential: Include when there is significant development or renovation potential
5. Building Services Assessment: Detailed analysis of building systems for commercial properties
6. Legal Issues: Include when there are known legal matters affecting the property
7. Insurance Considerations: Required when valuation is for insurance purposes
1. Appendix A - Photographs: Comprehensive photographic documentation of the property
2. Appendix B - Location Maps: Maps showing property location and surrounding area
3. Appendix C - Floor Plans: Detailed floor plans and measurements
4. Appendix D - Title Documents: Copies of relevant title documents and searches
5. Appendix E - Planning Documents: Copies of planning permissions and restrictions
6. Appendix F - Comparable Evidence: Detailed analysis of comparable properties used in valuation
7. Appendix G - Calculation Sheets: Detailed valuation calculations and methodologies
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