Estimer mon bien – Naef Commercial

Mission.

Estimer la valeur de votre actif immobilier constitue une étape essentielle pour parvenir à vos objectifs de vente ou de mise en location commerciale.

As real estate professionals, we help our clients determine the market value of residential, mixed-use and commercial properties, as well as commercial spaces for sale or rent.

Evaluating real estate in Switzerland, with its regional disparities, requires in-depth knowledge of the local market.

Thanks to our experience as an established real estate company in the Lake Geneva region, we draw on our teams' daily transaction and leasing activity to provide accurate market valuations based on location, the intrinsic characteristics of the property, and current economic conditions.

A word from our expert

« As part of our valuations and property appraisals, we guarantee our clients exclusive data, the result of daily rental leases drawn up by the management departments of our various agencies in French-speaking Switzerland. In addition to this we have an extensive know-how and a long practical experience. »

Sales process

Why use our appraisal services?

Several types of investments exist, and among them, income-producing property—also known as investment property or rental property—appeals to a large number of investors in Switzerland. Income-producing property is a real estate investment that involves purchasing an entire building and then renting out the apartments, offices, and commercial spaces. The purpose of this investment is to generate a financial return. When carried out carefully, it can yield profits. The first step when embarking on the purchase of an investment property is to appraise the property, in order to understand what return on investment can be achieved.

Valuing an income-producing property in Switzerland is completely different from valuing land, an apartment, or a house. It requires knowledge of the local market, the property's location, and its history. Based on numerous analytical criteria, the valuation of an investment property is complex and must be carried out by a real estate professional. The latter may use several methods to obtain an accurate estimate of a property's current value.

What factors should be considered when valuing a building?

Several factors must be taken into account when valuing an income-producing property. These criteria help establish a selling price that is consistent with the current local market. The price per square meter is obviously part of this, but other aspects are also important in determining a property's real estate value:

– Location

– Usable floor area / Number of rooms

– Land area

– Year of construction / Overall condition

– Amenities (conservatory, garden, terrace, balcony, parking, swimming pool, etc.), as well as views and orientation, all add value to a property

It should also be noted that several property types are considered income-producing in Switzerland, including multifamily buildings, single-family homes, condominiums, office buildings, commercial properties, and mixed-use buildings.

What methods are used to estimate the value of a property?

A real estate professional may use the following methods to estimate the value of an income-producing property as accurately as possible:

– Income value → This method is based on rental income and is calculated by dividing the annual achievable rental income by the capitalisation rate. The latter depends on the property's overall condition, typology, and geographic location.

– Discounted Cash Flow → This method is based on capitalising projected future cash flows. The appraisal estimates the amount a buyer is willing to invest based on cash flow projections over the coming years. It is commonly used to value investment properties and is grounded in the concept of return on investment.

– Intrinsic value → This represents the property's actual current value (new or replacement value). It is obtained by subtracting depreciation from the property's replacement cost.

– Hedonic method → This method estimates a property's value by drawing on the sale prices of comparable properties in Switzerland. It requires a thorough understanding of comparable market data. A rental property can be valued using this method provided there are sufficient similar properties in the local market.

How do you estimate the value of office space?

Several steps must be followed in order to assess the real estate value of an office. This involves identifying comparable office listings currently on the market and researching prevailing office property prices in the relevant area.

Office space is valued differently from residential property. Estimating the value of an office requires the analysis of several criteria in order to arrive at a price that is both coherent and relevant to the current local market. Assessing the office's potential also helps define the target buyer profile.

When evaluating the value of office space, the key analytical criteria are as follows:

– Total floor area: both actual and weighted

– Geographic location: when estimating the value of an office, prices observed in the municipality, neighbourhood, or area must be taken into account. A professional space located in a dynamic business district, in a central and easily accessible location, will attract more occupiers and command a higher value.

– Condition of the premises: new offices command higher prices than those requiring renovation.

– Assets: open views, lift access, parking, garden, fitted kitchen - all of these elements must be factored into the final valuation.

– Potential and flexibility: the valuation must take into account the possibility of reconfiguring the space, as well as the scarcity factor, which can significantly increase a property's value.

See all our services

Rental request form (FR)

Contact our agencies

+41 22 839 39 00

geneve@naef-commercial.ch

+41 32 737 27 50

neuchatel@naef-commercial.ch

+41 21 318 77 07

vaud@naef-commercial.ch

Valuation and property appraisal