Land valuation
Valuation of agricultural and non-agricultural land, from a single residential plot to a large development site. The value of land depends on what can legally and profitably be built on it, so we start from zoning and highest and best use.
What we look at
Legal status
Registration, category (agricultural or non-agricultural), encumbrances and boundaries.
Zoning
Functional zone and K-1 and K-2 coefficients, which define how much can be built.
Physical characteristics
Area, shape, slope, soil and the plot's frontage.
Access and utilities
Road access, water, power, gas and sewerage, available now or planned.
Highest and best use
The most valuable use that is legally allowed, physically possible and financially viable.
When you need a land valuation
- Buying or selling a plot
- Development planning and financing
- Bank collateral
- IFRS reporting (IAS 40, IAS 16)
- Court, inheritance and enforcement
Method
Sales comparison
Comparable land sales and offers, adjusted for size, location, zoning and access.
Residual method
For development land: the value of the finished project less construction costs, fees, finance and developer's profit.
How a valuation works
Tell us about the task
Send us the property or company, the purpose and any documents you have. We confirm the scope, timing and fee in writing before we start.
Inspection and analysis
We inspect the asset, research the market and apply the methods that fit the purpose of the valuation.
Report and explanation
You receive a signed report in Georgian or English, and we walk you through how we reached the conclusion.
Frequently asked questions
Why do two similar plots have different values?
Zoning coefficients, access and utilities can change what is buildable, and therefore value, dramatically, even between neighbouring plots.
Do you value agricultural land?
Yes, including vineyards, orchards and arable land, using sales evidence and, where relevant, the income the land can generate.
Can you assess a site before I buy it?
Yes. A pre-purchase valuation with a highest and best use analysis is one of the most useful things to have before committing to a site.
Other services
Tell us what you need valued
Send a short description and we will reply with a scope, timing and fee, usually within one working day.
- Phone
- +995 599 05 30 00
- [email protected]
- Office
- 12 Pavle Aslanidi St., Tbilisi
Open in Google Maps - Hours
- Monday to Friday, 09:00–18:00