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Our Services » Valuation Services
NAI atrium professionals know their markets, and are on call to provide the skills and historical data together with their recommendations base on present-day market conditions to position your properties. Our services are supported by an award-winning technology platform, REALTrac™ Online, enabling clients to view property valuations, market analyses and comprehensive studies, communicate with the entire project team and easily access critical financial data.
We know that when a client receives the approval to valuate or dispose of an asset or an entire portfolio, time is money. That’s why we emphasize the importance of speed, efficiency and accuracy when delivering our recommendations.
NAI atrium staff use three internationally recognized methods of property valuation and they are all based on the principle of market comparison:
- The sales comparison approach
- The income capitalization approach
- The replacement cost approach
The sales comparison approach is based on comparison between the subject property and the examined prices of the recent sales of comparable properties. The income capitalization approach considers the net income that a property might generate, typically in the form of rent, and this income is capitalized using an appropriate yield. The replacement cost approach is based on the substitution principle i.e. the acquisition cost of the target property plus refurbishment should not be higher than the total cost of acquiring a plot of land of similar size and location and constructing a similar building on that plot.
For most valuations NAI atrium use the bases of value recognized in the International Valuation Standards, but practice confirms that Market Value is the basis of value that is most commonly required. Market Value is defined as: “The estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”.
NAI atrium’s Valuation and Advisory Services Department is specialized in carrying out Property Valuations, Feasibility Studies, Highest and Best Use Studies, Market Analyses and other property related services. Property Valuations carried out by NAI atrium's team of professionals are in accordance with the RICS Appraisal and Valuation Standards. This allows our clients to fully rely on the reports prepared by our team of dedicated professionals and to develop strong bonds crucial for successful business operations.