Relying only on online estimates or informal opinions can easily mislead you when real money is at stake. A RICS valuation gives you a clear, documented view of what a property is actually worth, based on international standards and a structured, neutral process.
What is a RICS valuation?
A RICS property valuation is a formal assessment of a property’s value carried out by a surveyor who is a member of the Royal Institution of Chartered Surveyors. The work follows strict rules on methodology, checks and reporting, so the result is not just a number on a page but an opinion that can be explained and defended.
For owners, buyers and lenders, this matters because everyone can trust that the figure is based on evidence and professional judgement, not guesswork or pressure from any side.
When do you really need one?
You do not need a RICS valuation for every small decision, but there are situations where it is the sensible baseline.
Before selling, a valuation helps you set a realistic asking price and avoid leaving money on the table or sitting on the market for months. When buying or refinancing, banks and other institutions often prefer or require a formal valuation so they can judge the risk on their side. In legal or tax situations, such as inheritance, divorce or business reporting, a documented, neutral value is usually far more useful than an informal estimate.
In all these cases, the goal is the same: reduce uncertainty and give everyone a clear reference point.
Read here in more detail: How can I use a RICS Certified Property Valuation?
Why accuracy and neutrality matter
Because RICS valuations follow recognised international standards, they are designed to be unbiased and consistent. The surveyor has to explain the basis of value, the date of valuation, the assumptions used and the reasoning behind the final figure.
This level of transparency is why banks, funds and legal advisors tend to rely on RICS valuations when they need clarity, compliance and protection of real asset value. It is also why a good valuation can support long term decisions, not only one transaction.
Read here: RICS Property Valuation Process Explained
How iOwn fits into the picture
iOwn is a real estate consultancy in Greece that provides RICS certified valuations for residential and commercial property. The focus is on giving clients clear, neutral information they can use in their own planning, whether that involves a single flat, a portfolio of assets or a transaction that needs to stand up to external review.
The approach is simple: understand why you need the valuation, apply the relevant standards and methods, and present the outcome in a way that is easy to read and discuss with your other advisers.
A small step that supports big decisions
Ordering a RICS valuation is not the most glamorous part of a property journey, but it is often one of the most useful. It turns market noise into a structured view, helps align different stakeholders and gives you a better foundation for whatever comes next, from negotiating a price to preparing documents for a bank or a notary.
If you want fewer surprises and more clarity around a property decision, starting with a proper valuation is a straightforward move that pays off over time.
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