Determination of the possible value of a real estate, real estate project or rights and benefits related to the real estate on the valuation day based on independent, impartial and objective criteria and data. As can be understood from the name, valuation is the whole of the works carried out to adapt the value of a real estate to today.
The basis objective of the real estate valuation is to assist the decisions to be taken regarding the real estate. These decisions may be for the transfer of ownership or for the provision of financing and credit. The real estate valuation process is the process of determining the value of the real estate in question with a reliable and appropriate estimation as a result of the evaluation of the elements such as quality, benefit, environment and conditions of use of the real estate in an impartial manner. The findings to be obtained as a result of the valuation process form the basis of the decision to be taken regarding the real estate.