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RICS Ratings

#1 according to our customers

4,6 (4,596 reviews)

Focus on the mercado value of a Property

The RICS valuations, performed under the RICS Valuation Standards, are recognized by international investors, funds and financial institutions.

Appraisal RICS reports follow international IVS standards and are a global standard in the advice and coverage of large investments. This ensures that the information is consistent and comparable, which is key for real estate investments that require a global benchmark.

Frequently, RICS valuations are used for corporate valuation operations of special real estate assets, such as shopping malls, data centers, hotels, etc. On other occasions, they are required in the financial design of projects and in debt restructuring processes involving several financial institutions, which may have different nationalities.

Why is Tinsa by Accumin the best choice for RICS valuations?

Tinsa is a valuation company approved by RICS (Royal Institution of Chartered Surveyors), leader in valuations in Spain, Europe and Latin America and with multidisciplinary valuers in all types of real estate assets (hotels, logistics, premises, land or residential) and property (machinery, intangible assets, etc). Our international consulting team has extensive experience in the valuation of portfolios and Diligences. This makes us your ideal partner when dealing with any type of international valuation under RICS or IVS for accounting, legal, tax or sale and purchase purposes.

Numbers that endorse our leadership

0

No. 1 in turnover

+ 16 million

+ 25 countries

+ 2,000 technicians

+ 40 years

+ 100.000

What information is contained in a RICS valuation report?

A valuation report of one or several assets; according to RICSvaluation standards", in accordance with the specifications of the IVSC's International Valuation Standards (IVS) 2022; it shall contain at least the following information:

Background.
Executive Summary of valuation.
Identification and status of the appraiser.
Identification of the CUSTOMER and any other intended user.
Purpose of the appraisal.
Identification of the assets to be valued.
Valuation bases used.
Date of report.
Nature and source of the information used.
Special cases and assumptions.
Restrictions on use, distribution or publication.
Confirmation that the valuation has been performed in accordance with RICS.
Valuation methods or approaches used and their rationale.
Valuation amount.
Date of appraisal.
Commentary on any relevant uncertainties in relation to the valuation where essential to ensure proper understanding by the valuation user.

How does Tinsa perform a RICS valuation?

1
APPLICATION

Please share your needs with us by filling out our form. We will review your request, assign you a team of RICS members and registered valuers, and ask you to provide the necessary documentation.

2
ANALYSIS

In a mercado changing mercado , our specialized RICS team RICS its experience, insights, creativity, transparency, and ethics with you in order to maximize the value of your real estate assets or portfolios.

3
EVALUATION

When evaluating assets and portfolios, we take a methodological approach focused on mercado research, asset background, transactions, and specific knowledge of the main metrics and ratios for each asset class.

4
DELIVERY

The appraisal is delivered. Our services contemplate integrity and independence in the work, transparency in the resolution of possible conflicts of interest, integrity and responsibility.

We are endorsed by

two co-workers looking at something on the tablet
Tinsa boasts an impartiality and prestige recognized by the main financial and governmental entities.
rics

RICS VALUATION SUCCESS STORY

1. THE PROBLEM

The owner of a centrally located 200-room 4* hotel next to Madrid's Gran Vía was looking for domestic or foreign investors interested in taking a stake in the asset. The new resources provided would be used to promote the hotel's image in view of the prospects of a recovery in tourist activity in the city.

Tinsa proposed to the client to carry out a valuation report according to RICS standards and under realistic scenarios of favorable evolution of occupancy, turnover and margins, as well as improvements in brand management. The report exhaustively described the quality of the central location and the Property, the growth assumptions and the investment analysis methodology with homogeneous parameters, valid for any investor, not necessarily of western culture, nor an expert in the hotel sector.

The client was able to initiate discussions with Asian investors interested in acquiring a stake in the company. The negotiations opened the door for new funds to be allocated to positioning the hotel on tourism service marketing platforms for operators in mercado .

Why Tinsa by Accumin?

#1 according to our customers

4,6 (4,596 reviews)

ACCURACY

We see value with absolute clarity. Accurate data, confident decisions, impeccable results.

Trust

A valuation performed by a leading, independent company with 40 years of experience represents a guarantee to third parties.

Capillarity

Our extensive network of offices and appraisers throughout the territory provides the coverage you need at all times.

Frequently asked questions about RICS valuations

Tinsa issues individualized valuation reports in accordance with the standards defined in the International Valuation Standards IVS. In general, the valuation criteria to be used for the different types of properties are listed below:

Comparison Method
Dynamic residual method
Income Restatement Method
Capitalization Method Expected Income

In order to prepare the valuation reports, TINSA will carry out the following verifications:

Compliance with current urban planning will be verified.
The exterior and interior of the properties will be visited, in those cases where it is possible.
The state of conservation and maintenance of the Property will be checked.
The occupancy status of the Property will be verified.
The surfaces will be checked by means of measurements obtained on site or by checking the drawings provided by the client.
Visible easements will be checked.
The valuation will be made under the assumption that the property has at its disposal all the necessary licenses for the proper use and operation of the properties.

We will carry out the correct and appropriate inspections in our opinion taking into account the specific circumstances of each asset. As a general rule, the internal and external inspection of the property will be visual; areas not inspected will be assumed to be in a state of repair based on their external appearance. Structures will not be checked and areas that are hidden, unexposed or inaccessible will not be inspected and these parts will be assumed to be in a good state of repair and in good condition unless there are visible signs to the contrary. Likewise, it is not the purpose of the reports to analyze or evaluate possible hidden defects.

TINSA issues valuation reports on the assumption that there is no environmental contamination of any kind. Neither its detection, nor the analysis of the liabilities derived from it, nor the valuation of the decontamination cost incurred is the object. In the event of detecting signs of any type of contamination, TINSA recommends the intervention of expert consultants who can determine the specific legal liabilities and the costs incurred for the decontamination works.

ECO and RICS appraisals are two types of appraisals performed by Tinsa by Accumin that comply with different regulations and standards, adapting to the specific needs of each client.

Appraisal : This appraisal is carried out in accordance with Order ECO/805/2003, a Spanish regulation governing appraisals for fines in Spain. It is mandatory for the granting of mortgage loans and is accepted by all financial institutions in the country. The Appraisal focuses on ensuring that the value of Property adequate to support the mortgage loan.

RICSAppraisal : In contrast, theRICS Appraisal follows the international standards of the Royal Institution of Chartered SurveyorsRICS), a global organization that promotes and applies best practices in the real estate industry. This type of Appraisal is internationally recognized and is especially relevant for clients operating in global markets or requiring an independent and uniform valuation, regardless of the location of the Property.

Both types of appraisals are performed by qualified Tinsa experts, guaranteeing accuracy and rigor in each process. The choice between an ECO Appraisal and a RICS will depend on your specific needs and the purpose of the appraisal.

RICS valuation reports will be provided in English. However, translations in other languages can be provided.

Do you have doubts? Can I help you?

María Belén Dávila

RICS Valuation Manager

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Global leaders

Tinsa belongs to Accumin, a global leader in Appraisal, real estate consulting, software and intelligence and risk management.

We are also available at:
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