Valuation of Special Real Estate

The valuation of special properties, also known as special real estate, often requires an individual approach, as these properties are often not comparable with conventional real estate due to their uniqueness and rarity.

Special properties include, for example, historic buildings, castles, wineries, golf courses, hotels, hospitals, farms, power plants and other special property types.

Several factors have to be taken into account when valuing special properties:

Unique features
The uniqueness and rarity of the property play a decisive role. Historic buildings or monuments can have an additional value due to their cultural and historical significance.

Location
Location can have a significant impact on value, as can accessibility to key facilities and infrastructure.

Condition and maintenance
The condition of the property is of crucial importance. A comprehensive examination of the structural condition, possible renovation needs and the general state of maintenance can influence the value.

Income potential

For commercially used special properties such as hotels or wineries, the potential income plays an important role in the valuation. The income potential of the property can strongly influence the value.

Comparable transactions
Where possible, comparable transactions of similar special purpose properties may be used as a reference. However, as such properties are rare, this comparative data may be limited.

Market conditions
General market conditions and the demand for such specific properties may affect the value.

Legal framework conditions
Special legal aspects, such as monument protection requirements or agricultural use, can influence the value.

A realistic and well-founded assessment of the real estate value of a special property is a complex task that we are happy to take on.