What an appraisal report is
The appraisal report is the official document a certified appraiser produces at the end of the engagement. It contains the reasoned calculation of the apartment's value and carries legal force in Ukraine: it is the report — not a verbal opinion or a price letter — that the notary accepts to certify a transaction, the bank to issue a loan and the court as evidence of the property's value.
How to read the report: what a valuation report contains
- description of the subject — address, area, layout, condition of the apartment;
- details of the client and the appraiser, including the valuation firm's certificate number;
- the purpose of the appraisal and the type of value determined (market, liquidation, appraised);
- market analysis and the selection of comparables;
- the calculation under the applied valuation approaches, with each adjustment explained;
- the value conclusion — the figure the notary, bank or court relies on;
- annexes — photographic record of the apartment, copies of title documents;
- the appraiser's signature, the company seal and the registration number in the Unified Base.
One practical point for readers abroad: the report is issued in Ukrainian, as the law requires. For use before foreign institutions, clients typically commission a certified translation of the registered report — plan that step into the timeline.
Registration in the Unified Base and validity
A real estate appraisal report is registered in the Unified Base of Valuation Reports and receives a unique registration number — the number by which the notary verifies the document. An unregistered report is not accepted for a notarial transaction.
The report is valid for 6 months from the valuation date. After that the market has moved on, and a new transaction requires a new report; if the term runs out mid-process, the report will need to be refreshed.
If you disagree with the report
A report — yours or the other side's — can be checked or contested through an appraisal review: an independent examination of the report by another appraiser for compliance with the legislation. It is the standard instrument in litigation and whenever the figures in a valuation commissioned by the opposing party look doubtful (see appraisal report review).
Questions and answers
How much does an apartment appraisal report cost? We quote the fee and timeline after receiving the apartment's characteristics and the purpose of the valuation: we assess the scope and agree a fixed price and schedule before signing. Write to [email protected].
How long is the appraisal report valid? Six months from the valuation date. A transaction after that term requires a new report.
How is the report verified in the Unified Base? By the unique registration number stated in the report. The check is performed by the notary; without registration the document has no force for the transaction.
Will the notary and the bank accept the same report? The notary needs a registered report. The bank additionally requires the appraiser to be accredited with it, so a report for a loan is commissioned with the specific bank's requirements in mind.
To order an apartment appraisal report in Ukraine, contact the Kanzas company at [email protected] — we respond with a scope assessment and a fixed quote.
Related services: Documents for an apartment appraisal · Appraisal report review · Valuation for court proceedings
