The turnover of the 22 most representative appraisal companies in the sector, those associated with the AEV, amounted to €274.3 million in 2019, which represented a decrease of 4% compared to the previous year.
According to the AEV (‘Asociación Española de Análisis de Valor’ or Spanish Association for Value Analysis), this decrease is ‘consistent’ with the total volume of appraisals carried out, which decreased by 5.27% compared to 2018, to a total of 1,100,000 appraisals in 2019. The data comes at a time when the Bank of Spain is warning that the absence of transactions due to the market shutdown is preventing the performance of realistic valuations. As such, it is advising against applying the comparison method.
