Residential Valuation Specialist
The Global Property Guide's residential valuation specialist has been researching property yields and prices with us for over a decade. She joined the Global Property Guide in July 2006. She is particularly interested in valuation reports and in the areas of economics, research and finance.
Education: BS in Economics - University of the Philippines – Diliman (UP-Diliman).
The Global Property Guide's method of valuing residential property and determining average yields
The Global Property Guide has developed the world's only global rental yields database, researched by our in-house team. We sell this research to multilateral institutions: the World Bank, the International Monetary Fund, the Federal Research Board, and European Central Bank.
Our research into the base value of properties is based on a simple yet effective method - we systematically scan web advertisements for residential property, looking at offers for sale, and offers for rent, of good (but not new) apartments.
Despite its simplicity, with care and commitment to consistency this method can produce quality results. We begin by defining key upper-end rental districts in the capital city or several major cities. We take care to keep a database of where the properties are located, so as to ensure consistency in subsequent years. We carefully select appropriate price ranges. We take average prices, rejecting deviant outliers. Buyers of the full data set have access to these comparability specifications.
We are interested in the sort of properties which will be attractive to foreign renters. This is not always the same type of property in all locations. Foreign renters are usually interested in properties which are in excellent condition, with good facilities, and which have been refurbished or redecorated within the last five years. Our properties are therefore likely to be less expensive than the very newest properties, except where new-builds dominate the market.
In European cities, we lean towards properties in the historic city centres, therefore our 'typical' property is more likely to be a 90-year old refurbished apartment of character, than a newly built apartment.