Valuation is the professional process of determining the actual market value of a property or asset by a qualified valuer. It plays an essential role in Azerbaijan’s economic and legal systems by providing accurate market price information for both movable and immovable assets.
Valuation allows individuals to sell their assets at fair market value and prevents buyers from overpaying when acquiring property or other assets. This transparency ensures fair trading practices and protects citizens in financial transactions. The Azerbaijan Valuation Chamber ensures that valuation activities adhere to national standards and legal requirements.
Key Areas of Valuation
Valuation activity covers a variety of areas, including:
- Valuation of movable property such as machinery, vehicles, and equipment
- Real estate and land plots
- Cultural heritage and historical assets
- Enterprises and business valuations
- Intangible assets like shares, rights, and securities
- Evaluation of liabilities and receivables
- Assessment of damages and potential risk
- Service valuations and more
How Are Valuation Fees Determined?
The fee for valuation services is not based on the final value of the assessed object. Instead, the price is agreed upon by both the valuation professional and the client based on the work involved.
Who Can Be a Valuer?
To become a certified valuer in Azerbaijan, a person must:
- Have higher education
- Possess at least three years of work experience
- Pass a professional qualification exam
- Be a registered member of the Valuation Chamber
Ultimately, valuation services help individuals and businesses make informed and fair decisions based on reliable market data.
