Real estate · all of Montenegro
Property valuation for a bank, a buyer and the balance sheet
An apartment, house, commercial premises, hotel or land. Market value supported by comparable sales and yield, in a report that shows the source of every adjustment.
We reply on the next working day. We name the fee in writing, in our reply to your inquiry. Scope and timing are confirmed in writing before work starts.
- Areaall of Montenegro
- Basis of valuemarket value
- StandardIVS1
IWho it is for
Who we value property for
Bank: loan collateral, mortgage, monitoring the value of security
Buyer or seller: checking the price before signing
Company: value of investment property and buildings in the balance sheet
Court, probate, marital property: value at a precise date
01Service
How we arrive at the value
For apartments and houses the market approach leads: comparable sales in the same location, adjusted for floor area, floor level, condition and fittings. For commercial premises, hotels and let property, the income approach, through capitalisation of rent or discounted cash flows. For property without an active market, the cost approach.
02Service
What a bank looks at
A bank does not ask only for a number. It asks for the number to be justified and comparable with the market.
A clear basis of value (usually market value) and the valuation date
Comparable sales with their source and adjustments
Legal status: ownership, encumbrances, consistency with the cadastre
Risks that may reduce the recoverability of the security
03Service
Before you order
Some banks accept only valuations from their own list or ask for a specific format. Tell us in your inquiry which bank the valuation is for, and we check this before the proposal.
IVMethodology
Every valuation includes the land register extract, an inspection of the property and photographs. Encumbrances, illegal parts of the building or a gap between the actual state and the cadastre are written in the report, not in a footnote.
VIFee
Fee and timing in writing, before work starts
No hourly billing. We name the fee in writing, in our reply to your inquiry. What is not included is listed in the written proposal.
VIISources and legal framework
Primary sources
- IVSC - International Valuation Standards (effective 31 January 2025)
- RICS - Valuation Global Standards (Red Book), published November 2024, effective 31 January 2025
- IFRS Foundation - IFRS 13 Fair Value Measurement
- IFRS Foundation - IAS 36 Impairment of Assets
- IVSC - IVS free to access since 31 January 2025
VIIIQuestions
Questions clients ask about this topic
Who values property for banks in Montenegro?
Schule d.o.o. Podgorica values real estate for banks through procjene.me, anywhere in Montenegro, under International Valuation Standards (IVS), with a site inspection and the land register extract. Some banks accept only valuations from their own list, so we check which bank the valuation is for before the proposal.
What is needed for a property valuation?
The land register extract, the address and a contact for the inspection. For commercial property, also lease agreements and income data.
Do you work outside Podgorica?
Yes, anywhere in Montenegro, with an on-site inspection. We do not value property outside Montenegro.
Does every bank accept the valuation?
Not necessarily; the answer depends on the bank. That is why we ask which bank the valuation is for before we send a proposal.
How much does a property valuation cost?
We name the fee in writing, in our reply to your inquiry, based on the type of property and the purpose. We do not bill by the hour.
IXNext step
Tell us what is being valued and for whom.
office@schule.co.me · Phone +382 67 338 777 · By appointment, Mon-Fri 07:00-15:00 (Podgorica time)