Property valuation in Madrid
Gesvalt is a valuation firm accredited by the Bank of Spain which carries out official property valuations in Madrid and throughout the Community of Madrid; these valuations are legally valid for mortgages, property sales, inheritance, divorce and legal proceedings.
Our coverage extends to all districts and municipalities in the Community of Madrid. The report is delivered within 3 to 5 working days following the site visit, with an indicative price starting at €273, depending on the property’s floor area and location.
Carry out the valuation of your building with Gesvalt quickly and securely in our online shop and obtain a report approved by the Bank of Spain, valid for any purpose and bank.
Property valuation service in Madrid – flat valuation and appraisal in Madrid
An official property valuation in Madrid is the technical valuation of the property carried out by a professional valuer in accordance with the regulations of the Bank of Spain (Order ECO/805/2003) and international valuation standards (IVS).
The result is a certified report that is legally valid for six months when presented to any bank, public body or court.
Gesvalt carries out valuations of all types of residential property available on the Madrid market:
Flat and apartments (new-build and second-hand).
Penthouses and duplex flats.
Semi-detached and terraced houses.
Properties in the planning stage or under construction.
Social housing (VPO).
Chalets and villas in housing estates.
When do you need to have a property valued in Madrid?
The market Madrid property market, one of the most dynamic in Spain, gives rise to situations in which an official valuation is a legal requirement or an essential tool for protect the interests of the owner or buyer:
- Mortgage application. Financial institutions require a valuation approved by the Bank of Spain in order to grant a loan. Without this report, it is not possible to process the mortgage.
- Buying and selling a property. Finding out the true value of a property before selling or buying is a sensible decision that helps avoid overpaying or undervaluing it, particularly in a market such as Madrid’s, where there are significant differences between districts.
- Inheritance and succession. The valuation report is the key technical document for distributing assets amongst heirs and correctly calculating Inheritance and Gift Tax in the Community of Madrid.
- Separation or divorce. Where a property is jointly owned, the official valuation serves as the objective basis for the division of assets, whether by mutual agreement or through legal proceedings.
- Debt refinancing or consolidation. The current value of the property is a key factor when negotiating new terms with the bank.
- Legal or tax matters. The certified report is an official document recognised by the Tax Authority, the Land Registry and the courts in Madrid.
What is the process for a property valuation in Madrid? (7 steps)
The process is standardised and transparent. From the initial request through to the delivery of the report, Gesvalt follows these seven steps:
1. Request for a valuation
Via the online form or by telephone.
Details of the property (type, address, floor area) and the purpose of the valuation are recorded.
2. Submission of documentation
Generally speaking, the following are required: the extract from the land registry, descriptive and graphical cadastral information, and the energy performance certificate (EPC).
3. Acceptance of the quotation
Once the order has been confirmed, the processing of the file begins.
4. Visit by the valuation expert
A certified valuer will inspect the property within 24–48 hours of the quote being accepted.
5. Analysis and assessment
The valuer compares the property with similar properties in the same area of Madrid and applies the following valuation methods: market comparison, replacement cost and income capitalisation.
The valuation may differ from the perceived market value, as it is based on the technical criteria set out in Order ECO/805/2003.
6. Preparation of the report
The official report is drawn up in accordance with Order ECO/805/2003 and the requirements of the Bank of Spain.
7. Submission of the valuation
The approved report is delivered in digital format within 3 to 5 working days following the site visit and once all the documentation has been received in full.
Timeframes and delivery of the valuation in Madrid
| Appearance | Details |
|---|---|
| Viewing the property | This is usually arranged within the first 24–48 hours of accepting the quote |
| Submission of the report | Between 3 and 5 working days after the visit and receipt of all the documentation |
| Usual time | Most reports are submitted within a week of the visit |
| Legal validity | Valid for 6 months from the date of issue at any bank |
| Factors causing delays | It depends on the submission of documentation and access to the property |
Most property valuations in Madrid are completed within a week of the site visit, thanks to Gesvalt’s network of valuers, which covers the whole of the Community of Madrid.
Cost of a property valuation in Madrid
| Typology | Price |
|---|---|
| hasta 50 m² | desde 273 € |
| de 51 a 100 m² | desde 297,50 € |
El precio final de la tasación puede variar en función de la superficie, ubicación y características del inmueble. Consulta tu presupuesto personalizado online. Tarifas vigentes desde agosto 2026.
What is included in the valuation fee?
The price includes a visit by a certified valuer, a comparative market analysis, the preparation of the official report in accordance with Bank of Spain regulations, and delivery in digital format. The report is legally valid for 6 months and is accepted by any Spanish bank. The valuation fee also includes the valuation of the garage and storage room.
Documents required to have your property valued in Madrid
General documentation
For any type of property valuation in Madrid, regardless of the purpose, the following is required:
- Simple Land Registry Extract (issued within the last 3 months): confirms the ownership, encumbrances and legal status of the property.
- Descriptive and graphical cadastral information: floor area, location, cadastral reference and a map showing the property.
- Energy Performance Certificate (EPC): provides information on the property’s energy efficiency in accordance with current regulations.
For further details on the documentation required for mortgage-backed valuations, please see our Guide to the documentation required for valuations.
Additional documentation depending on the type of property
| Type of property | Additional documentation |
|---|---|
| Rented property | Current tenancy agreement and latest rent receipt |
| In progress | Approved plans, planning documentation, quotation and building permit |
| Under construction | Approved project, planning permission, project management certification and contract |
| Social housing | Final assessment report |
| Commercial premises / business premises | Accounting documents, business licence, plans and CEE |
Types of property valuation: which one you need depending on your circumstances
| Type | What is it for? | Standard documentation | Deadline |
|---|---|---|---|
| Mortgage | Apply for a mortgage or finance | Land registry extract, cadastral register, CEE | 5 working days |
| Buying and selling | Understanding the true market value | Land registry extract, up-to-date cadastral record | 5 working days |
| Inheritances: | Division of assets and calculation of taxes | Land Registry and Cadastral documents | 5 working days |
| Divorce/separation | Valuation for the division of assets | Land registry extract, cadastral record, legal document | 5 working days |
| Rented property | Valuing a property with a current tenancy agreement | Tenancy agreement and latest rent receipt | 5 working days |
| Social housing | Valuation of social housing | Final assessment report | 5 working days |
| In progress | Developments not yet built | Approved plans, planning permission, quotation | 5 working days |
| Under construction | Value during the execution of the works | Project, licence, certifications | 5 working days |
| Commercial premises | Sale, hire or finance | Plans, planning permission and planning documents | 7 working days |
| Land and country properties | Valuing a property with a current tenancy agreement | Tenancy agreement and latest rent receipt | 10 working days |
If you have a mortgage, we recommend you visit our page at approved mortgage valuation (ECO 805), where you will find specific information on the requirements for the banking process.
Why choose Gesvalt to value your property in Madrid?
Approval by the Bank of Spain
Gesvalt is registered in the Bank of Spain’s Official Register of Valuation Companies under entity number 4455. Only accredited companies may issue valuations that are legally valid for mortgages.
Over 30 years’ experience in property valuation
With over 75,000 valuations carried out each year and more than 250 experts on staff, including over 800 field technicians covering the whole of the Community of Madrid.
A rigorous process in accordance with the regulations
All our reports have been drawn up in accordance with Order ECO/805/2003 on property valuation rules and International Valuation Standards (IVS), ensuring their validity for any bank, public body or legal proceedings.
ISO 9001:2015 certification
Our quality management system is certified, which means that our processes are audited and we strive for continuous improvement in every valuation.
Member of the Spanish Association of Value Analysis (AEV)
Commitment to professional standards in the valuation sector in Spain.
SIGMAR’s own tool
Gesvalt has its own property market analysis system, which it feeds with real-time data from its own operations. To view the latest property market data for Madrid, go to our reports of the property market.
Property valuations by city
Gesvalt has its own offices and branches in Spain’s major cities. Check the specific terms and prices for your area:
Balearic Islands
Seville
Zaragoza
Barcelona
Madrid
Malaga
Grenada
Cantabria
Murcia
Alicante
Valencia
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Questions and answers about property valuations in Madrid
What is a property valuation in Madrid?
What is a property valuation in Madrid?
The indicative price for a property valuation in Madrid starts at €275 and varies depending on the property’s floor area and the area in which it is situated.
How much does it cost to have a property valued in Madrid?
How much does it cost to have a property valued in Madrid?
The indicative price for a property valuation in Madrid starts at €275 and varies depending on the property’s floor area and the area in which it is situated (with surcharges of 5% in central areas and 10% in premium areas). The final amount is confirmed once the specific characteristics of the property are known.
What does a valuer check when valuing a property?
How long does a property valuation take in Madrid?
How long does a property valuation take in Madrid?
What documents do I need to have a property valued in Madrid?
What documents do I need to have a property valued in Madrid?
Generally speaking, the following are required: a summary of the property’s title (issued within the last three months), descriptive and graphical cadastral information, and the energy performance certificate (EPC). Depending on the type of property, additional documentation may be required.
Documents required for a property valuation
How reliable is a property valuation in Madrid?
How reliable is a property valuation in Madrid?
Valuations issued by a firm approved by the Bank of Spain are legally valid for six months from the date of issue and are accepted by any Spanish bank.
What factors influence the value of a property in Madrid?
What factors influence the value of a property in Madrid?
Who is authorised to carry out an official property valuation in Madrid?
Who is authorised to carry out an official property valuation in Madrid?
Only a valuation firm accredited by the Bank of Spain may issue official valuations that are legally valid. Gesvalt is a valuation firm accredited by the Bank of Spain and entered in its Official Register.
How can I request a valuation from Gesvalt in Madrid?
How can I request a valuation from Gesvalt in Madrid?
You can apply using the form on this page, by telephone or via any of Gesvalt’s customer service channels, stating the type of property, its location in Madrid or the Community of Madrid, and the purpose of the valuation.