Daily Monitor
Tuesday February 16 2021
Residential property in Kampala. Property valuation is the process which determines the economic value of real estate.
PHOTO/Eddie Chicco
Summary
Valuations have grown as a result of rising loan restructuring exercises by banks. If one is evaluating a property to get a bank loan, most of the time the value will differ from someone valuing to sell.
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Few people understand what valuers consider when determining the market price of property. I have in the recent past engaged different valuers to value a house I wanted to buy but each of them came up with different values. So, what do these professionals look at?