Synergy Valuations Chartered Surveyors
A Property Advisory and Valuations Firm
part of Synergy Estate Agents group
About Us
Synergy Valuations Chartered Surveyors, part of the Synergy Estate Agents group, is a property valuations firm based in Nicosia, Cyprus, offering a complete specialist service in property valuations.
Our company provides property valuations carried out by registered valuers, members of the Scientific & Technical Chamber of Cyprus (ETEK) and the Royal Institution of Chartered Surveyors (RICS), with many years of experience in the property sector.
We offer valuations for all property types and purposes, including financing, sale or purchase, rentals, development appraisals, feasibility studies, compulsory acquisition compensation, and financial reporting.
Our valuation reports follow strict guidelines, best practices, ethics, and professional standards as set out in the RICS Valuation Standards, ensuring accuracy, reliability, and transparency.
Christodoulos Kyriacou is the Founder & Managing Director of the company, a regulated member of RICS and certified property valuer (ETEK), with more than seventeen years of experience in the real estate sector.
Our company provides property valuations carried out by registered valuers, members of the Scientific & Technical Chamber of Cyprus (ETEK) and the Royal Institution of Chartered Surveyors (RICS), with many years of experience in the property sector.
We offer valuations for all property types and purposes, including financing, sale or purchase, rentals, development appraisals, feasibility studies, compulsory acquisition compensation, and financial reporting.
Our valuation reports follow strict guidelines, best practices, ethics, and professional standards as set out in the RICS Valuation Standards, ensuring accuracy, reliability, and transparency.
Christodoulos Kyriacou is the Founder & Managing Director of the company, a regulated member of RICS and certified property valuer (ETEK), with more than seventeen years of experience in the real estate sector.
Services
Get Your Valuation Quote
Here, you can simply fill out the form and we will be back with your valuation quote. In the message section, you can specify the reason for requesting the valuation or provide the property details (city, area, parish, registration number). If you wish, you can also upload the title deed or any other document of the property.
F.A.Q
What is Property Valuation?
Property valuation is the process of determining the current market value of a property based on a range of key factors. This assessment should always be carried out by a qualified and experienced surveyor/ valuer.
A property valuation is essential for both buyers and sellers. If you are planning to sell your property, a valuation helps you set a realistic asking price before bringing it to market. On the other hand, if you are considering purchasing a property, a valuation provides valuable guidance on the appropriate offer to make, ensuring you pay a fair price for the property of interest.
A property valuation is essential for both buyers and sellers. If you are planning to sell your property, a valuation helps you set a realistic asking price before bringing it to market. On the other hand, if you are considering purchasing a property, a valuation provides valuable guidance on the appropriate offer to make, ensuring you pay a fair price for the property of interest.
Why appoint an RICS member to undertake a valuation?
RICS members must comply with the Red Book and valuation standards and are also bound by the RICS Rules of Conduct, which ensure integrity, a high standard of service, duty of care, professionalism, appropriate skill, experience and knowledge and objectivity in valuation reports. The RICS, promotes and enforces the highest professional guidelines and is the world's leading professional body for qualifications and standards in land, property, and construction.
Are there any standards followed in Cyprus valuations?
Cyprus itself does not have specific valuation standards. However, we operate under the Royal Institution of Chartered Surveyors (RICS) Standards. In Cyprus, all valuation professionals need to be registered by ETEK, the Cyprus Scientific and Technical Chamber.
What documents are required for a property valuation?
The documents required for a property valuation may vary depending on the type and status of the property. However, in most cases, the following documents are typically needed:
- Title Deed
- Architectural plans (if available)
- Planning and Building permits (if applicable)
- Certificate of Final Approval (if issued)
- Rental Agreement (if the property is rented)
Factors that influence property value
The key factors, but not limited to, that affect a property’s value are:
- Location: Location is one of the most important factors that affect real estate values. Location aspects that are considered include, the proximity to the city centre and/ or the highway, proximity to the coast, surrounding neighbourhood and types/ quality of properties, local facilities and amenities such as schools, malls, shops, parks and green areas, accessibility, road infrastructure, upcoming development projects.
- Building type, condition and age: Age in combination with the condition and the structure of the building, are factors to consider when determining property values. Aspects to look are, for example, if the property is new, as good as new, first occupancy, if it is well maintained, if in need of renovation, possible defects and damages, etc.
- The Size of the land and the building.
- Features: Features such as extra bathrooms, garages, office space, swimming pool, outdoor areas and landscaping as well as the equipment of the property for example the quality of windows/ glazing, wood works, flooring finishes, heating, air conditioning, electricity wiring, etc can have an impact on property values.
- Local Planning/Building Regulations: For example, the allowed building density and number of floors.
- Recent Comparable Sales: A valuer will collect and analyse comparative sales of similar properties in the area, considering the physical and legal characteristics of the comparables and making all the relevant adjustments to estimate a property’s value.
- Supply and Demand: Simply said, if there’s a high demand for specific properties in a location, then expect the values to increase. If a particular area has an oversupply of properties but not enough buyers, then prices tend to go down.
- General Economic Factors: Both national and local economic conditions will influence people’s ability to sell or buy property. When the economy is booming, the buying power of people increases, and they are more likely to invest in real estate.
- Caveats or encumbrances on the property.
Who Needs Property Valuation?
Property valuation is a wide sector that is needed by various stakeholders, for example:
- Real estate developers
- Financial Institutions
- Buyers/ Investors
- Sellers
- Corporations
- Individuals who just want to know their property value
Contact
- Dasoupoleos 3, 2015 Strovolos, Nicosia, Cyprus
- Ground Floor