Real estate (residential and commercial property) and land plots valuation for different purposes in accordance with Russian and International valuation standards (including RICS standards – Red Book).
We provide full range of services for valuation of different types of properties – both residential (flats, apartments, town–houses and cottages) and commercial (offices, retail, warehouses, hotels and mixed–used) and also land plots.
We are happy to offer our different services:
valuation (fair value/liquidation value)
best use analysis
lease rates analysis and redemption value.
Our services may be used for:
IFRS
revaluation (including for property tax decreasing)
insurance
finance rising
mortgage, pledge, leasing or refinancing
lawsuits
sale/purchase
capital increase
receiving of citizenship.
Russian Appraisal is happy to offer your professional and high–quality services in accordance with leading valuation standards:
Russian standards: Federal Valuation Law with all amendments and modifications
International valuation standards (IVS) are developed and promoted by International Valuation Standards Committee, which includes 60 countries. The main aim of these standards is to reach consistency and concurrence between different national valuation standards. IVS includes basic rules, which reflect unity of basic economic principles.
Very often valuation results prepared in accordance with IVS are used for IFRS.
Letter of opinion can be prepared in accordance with International Valuation Standards and provides reasonable fair value calculations and conclusions. As a rule standards valuation letter of opinion includes:
detailed description of appraised object
financial and valuation calculations with detailed description.
Letter of opinion allows within the short period of time to get the justified calculation of fair value of any asset for negotiations in deals (purchase and sale agreements), and also for managerial decision, when fundamental valuation report is not required. Optimum price/quality solution.
Valuation for IFRS is performed in the following cases:
first–time adoption of IFRS
annual revaluation of real estate, fixed assets and intangible property
sale/purchasing of property
to show fair value of assets in financials.
For these purposes you need fair (market) value of the appraised objects done by professional valuation company with long–term relevant experience.
Valuation for IFRS is to be made in accordance both Russian and International valuation standards.
Russian Appraisal for a long time proved valuation services to its clients for IFRS purposes and we have trusted relationships with Big4 companies: Ernst and Young, PricewaterhouseCoopers, KPMG, Deloitte. Our company also have positive experience on audit support valuations for BDO and Grant Thornton.
Several last years financial institutions (banks, insurance companies) must prepared financial statements in accordance with IFRS.
In the first time to transform financials from national accounting standards to IFRS the company have to analyze and revalue its fixed assets on the date of transformation.
Valuation for IFRS is done for:
valuation for IAS 16 and IAS 36 – property, plant and equipment valuation and impairment of assets
IFRS 1 – first–time adoption of IFRS
IAS 38 – intangible assets valuation
IAS 36 – impairment of assets
business combination –IFRS 3 – объединение бизнеса
fair value of fixed assets/construction in progress (IAS 16)
market value of asset for barter (IAS 16, IAS 18)
valuation of liquidation value of fixed assets – property, plant and equipment (IAS 16)
Expertise of valuation report is required when you use the valuation report of other appraisal company and need to be sure that this report is made in accordance with all mandatory requirements, certain quality and fairly.
Detailed and qualitative analysis with all the inaccuracies is provided. Also expertise confirms whether valuation report is done in accordance with existing valuation standards and law or not.
Banks, leasing companies and other potential creditors define market value of fixed assets (property) as pledge (collateral). On the basis of independent valuation report the creditor decides to provide finance and what amount.
We are ready to offer our clients:
valuation of finished properties if the debt financing is provided for cash generating property as collateral
valuation of investment projects, future cash flow from real estate in case project finance is required for development (independent confirmation of financial and economic sustainability is vital).
In numerous occasions management or shareholders of the company need to make managerial decisions:
sale/purchase of assets/property
new business lines development
acquisition of companies.
For these purposes our specialist will prepare for you independent report of fair value of any assets or/and scenario analysis of future cash flows. This work can be in the form of letter of opinion or comprehensive valuation report prepared in accordance with Russian or/and International valuation standards.
In order to mitigate the risks of real estate ownership each year more and more companies insured their property. In order to get fair value of insured property the company is to provided independent valuation report to insurance company (insurance coverage).
Russian Appraisal will make independent appraisal report with market value of the property, which will contain description of all the risk factors necessary for insurance company as well as for the company.
The insurance valuation may include only real estate appraisal and also property situated in it.
For the last years cadastral value of land plots and commercial real estate significantly increased.
From January 1st of 2014 new new Federal Law 307–FZ About Amendments to the Article 12 of Part 1 and to the Chapter 30 of Part 2 of the Tax Code of Russian Federation adopted on November 2nd of 2013 came.
The proposes law presumes different approaches for property tax calculation for different types of real estate.
Accordingly, the new ceiling rates for property tax in Moscow will be 1.5% in 2014, 1.7% in 2015, and 2% from 2016 and onwards, the ceiling rates for the Russian regions will be 1%, 1.5%, and 2% respectively.
According to the amendments adopted by Regional Governments in Moscow and Moscow Region, the tax rates for Offices and Retail in Moscow will be 0.9% in 2014, 1.2% in 2015, and 1.5% in 2016, 1.8% in 2017, and 2% from 2018 onwards. In Moscow region the rate for retail is set at 1% in 2014, 1.5% in 2015, and 2% from 2016 and onwards. Moscow region office properties will retain the previous rates, i.e., 2.2% of average book value of a property as the Moscow Regional government wants to develop office property sector.
We will help you to decrease cadastral value of land plots and commercial real estate.
Our valuation reports will have expertise done by self–regulated valuation organization and we will protect your position in arbitrage court.
