Residential real estates are one of the most required directions in valuation activity, which constitutes the large capacity of the property market. Residential property means apartments in multi-storey buildings, private houses, large properties (villas), and cottages. Valuation of residential real estate is required for various reasons, especially in the following cases:
- Purchase and sale (specially on state mortgage loan)
- Valuation of the property as a subject to mortgage
- Division of property
- Inclusion of the apartment into charter capital
- Valuation of the property for taxation purposes
- Housing insurance
- Valuation of the apartment as an inherited property
- Valuation of the property during court disputes