Valuations

CERTIFIED VALUATIONS

Our valuations adopt the guidelines contained in the new valuation manual of the Royal Institution of Chartered Surveyors, edition 2022 (RICS Valuation – Global Standards 2022, The Royal Institution of Chartered Surveyors), and are in line with the European Valuation Standards of TEGoVA (The European Group of Valuers’ Associations – EVS 2020) and the International Valuation Standards (International Valuation Standards – I.V.S.), as they are analyzed in the 2024 edition.

Our expertise comes through both postgraduate studies in Great Britain Universities and our daily involvement with a large number of different properties and fixed assets, in various areas and for different purposes.

Our continuous training with participation in valuation bodies and organizations in Greece and abroad, the attendance of RICS, the Hellenic Institute of Valuation (ELIE) seminars, as well as the personal reading of all our partners, keeps the level of our services up to date level.

Our internal procedures are constantly upgraded, so that we follow the European developments at the level of corporate governance. In July 2013 we were certified according to ISO 9001 and since 2015 we provide a digital signature ensuring the maximum degree of security in the exported result of our estimates. Since 2017 we further insure our services through Professional Indemnity Insurance (PII).

AT A GLANCE

HIGHLIGHTS

  • 1st Greek company certified by The Hellenic Ministry of Finance
  • 3 offices in Athens, Thessaloniki, Heraklion
  • 10 in-house valuers, certified by RICS, REV
  • 18 years of experience

GEOAXIS completed 185 full valuations, reaching a total value figure of about 2 billion euro at 2023.

MANAGEMENT TEAM

  • Ioannis Xylas BEng, Dipl., MSc, FRICS
  • Haris Kartsagoulis BEng, REV, MRICS
  • Vassilis Papasotiriou BEng, MSc
  • Kelly Mitsou BEng, MSc, REV

WHY SHOULD I VALUE MY PROPERTY?

  • Accounting purposes (eg IFRS)
  • Bank Collateral
  • Insurance purposes
  • M&A (mergers & acquisitions)
  • Legal claims
  • Acquisions and Disposals
  • Rentals
  • Family law

QUICK PROFILE

15.000+
Valuations
18
Years of Experience
2.000+
Satisfied Clients
12
Certified Valuers

DO YOU KNOW?

Recently, the demand for certified and high quality property & fixed asset valuations has become more and more inelastic. The Greek State (for objective values purposes), banks (for secure lending purposes), insurance companies, funds, entities and individuals are requesting valuations on a regular basis.

WHAT WE DO

WE DELIVER THE HIGHEST LEVEL OF CERTIFIED, RICS REGULATED VALUATIONS

ΑΣΤΕΡΑΣ 3
We have deep knowledge of the local market, as well as, the necessary background, know-how and accreditations for a high quality hotel valuation.  We are the first entity certified by...

Hotels

2. ΔΗΜΟΣΙΟ, ΕΥΡΥΤΕΡΟΣ ΔΗΜΟΣΙΟΣ ΤΟΜΕΑΣ & ΟΤΑ ΑΔΜΗΕ
Indicative list of properties valuations

Public Sector, Government, Local Authorities & Pention Funds

ΤΡΑΠΕΖΕΣ, Funds & ΑΕΕΑΠ Orbit Noval
Indicative list of properties valuations

Banks, REITs, Funds & Consultants

4. ΑΣΦΑΛΙΣΤΙΚΕΣ & ΕΛΕΓΚΤΙΚΕΣ Generali
Indicative list of properties valuations

Insurance Companies & Auditors

5. ΥΠΕΡΑΓΟΡΕΣ & ΣΟΥΠΕΡ ΜΑΡΚΕΤ Lidl
Indicative list of properties valuations

Super Markets & Hyper Markets

Attica 2
Indicative list of properties valuations

Malls & Entertainment Parks

7. ΜΕΤΑΦΟΡΙΚΕΣ & ΑΠΟΘΗΚΕΥΤΙΚΕΣ ΒΕΙΝΟΓΛΟΥ
Indicative list of properties valuations

Logistics & Warehouses

8. ΕΠΙΠΛΟΠΟΙΙΑ ΕΙΔΗ ΣΠΙΤΙΟΥ ΙΚΕΑ
Indicative list of properties valuations

Household Industry

9. ΙΔΡΥΜΑΤΑ & ΣΥΛΛΟΓΟΙ ΕΛΛΗΝΙΚΟΣ ΕΡΥΘΡΟΣ ΣΤΑΥΡΟΣ
Indicative list of properties valuations

Institutions

11.ΜΜΕ & Τηλεπικοινωνίες ΕΛΕΥΘΕΡΟΤΥΠΙΑ
Indicative list of properties valuations

Media & Telecommunications

10. ΤΕΧΝΙΚΕΣ & ΚΑΤΑΣΚΕΥΑΣΤΙΚΕΣ Intrakat
Indicative list of properties valuations

Developers & Construction Companies

12. ΛΙΜΕΝΕΣ ΟΛΠ
Indicative list of properties valuations

Ports – Shipyards

13. ΦΑΡΜΑΚΟΒΙΟΜΗΧΑΝΙΕΣ Pharmacon
Indicative list of properties valuations

Pharmaceutical

14. ΝΟΣΟΚΟΜΕΙΑ & ΔΙΑΓΝΩΣΤΙΚΑ ΚΕΝΤΡΑ ΜΗΤΕΡΑ
Indicative list of properties valuations

Hospitals & Clinics

15. ΑΓΡΟΤΙΚΟΙ ΣΥΝΕΤΑΙΡΙΣΜΟΙ ΕΑΣ ΤΡΙΚΑΛΩΝ
Indicative list of properties valuations

Agricultural Entities

16. ΧΗΜΙΚΑ, ΠΕΤΡΕΛΑΙΟΕΙΔΗ & ΧΑΛΥΒΟΥΡΓΙΕΑ, ΛΑΤΟΜΕΙΑ ΧΑΛΥΒΟΥΡΓΙΑ ΕΛΛΑΔΟΣ
Indicative list of properties valuations

Industries

OUR PROCESS

HOW TO VALUE MY PROPERTY?

1

Contact us

We are open every day, Monday – Friday, from 09:00 to 18:00. Please call us at 0030 210 608 2709.

2

Request a valuation

GEOAXIS valuation proposal will be sent to you via email no later than 3 working days from the day of request

3

Valuation submission

Each valuation is submitted in two separate stages. The first stage consist of the draft numerical results and the second stage consist of the final deliverable.

TESTIMONIALS

WHAT THEY THINK OF US
Kostas Markazos

KOSTAS MARKAZOS

CEO PREMIA (REIT)

As a REIT (Real Estate Investment Trust) we aim to build a portfolio with attractive and sustainable returns.

For this reason, we entrust the investment valuations to the GEOAXIS team. We believe they are among the best in the field and working closely with them we ensure that our property valuations are highly credible. GEOAXIS not only provides us with the necessary data to develop and maintain a successful portfolio, but also help us to improving its quality.

As a result of this excellent partnership, we will continue to trust GEOAXIS valuation experience and expertise.

Premia

Τζένη Μουρούσια

JENNIE MOUROUSIA

Chief Investment Officer, Noval Property (REIT)

Working with GEOAXIS is great. The team has the necessary knowledge and expertise, while they are always up to date with the trends and developments of the real estate market. GEOAXIS valuation studies are very well structured, advanced and adequate. Basic characteristics of the company such as communication, immediate response, effectiveness and professionalism, create ideal conditions for a beneficial and professional cooperation.

I highly recommend their services.

7

Groupama

HARIS TATARAKIS

Director GROUPAMA

At Groupama, we trust GEOAXIS to carry out certified valuations of our properties.

GEOAXIS valuations meet all the specifications of the International Valuation Standards and can be used when applying the International Financial Reporting Standards (IFRS).

GEOAXIS team, in addition to their high valuation expertise, are highly experienced and always respond to our requests immediately and efficiently.