Market Value Services
Last updated at 11:32 on 19/05/2016
About the Market Valuation Service
The Valuation Office provides a valuation service to various Government Departments and State agencies and other public bodies including third level colleges through its Infrastructural and State Property Valuations team.
This team carries out open market capital and rental valuations including valuations for rent reviews.
Open market valuations are provided for properties being transferred between Government Departments, State bodies and other authorities and agencies, both local and national. These are provided under the Accommodating Change – Measuring Success: Property Asset Management Delivery Plan 2013 and in accordance with the Department of Public Expenditure and Reform Circular 11/15: Protocols for the Transfer and Sharing of State Property Assets.
In addition the office provides valuations to the Property Registration Authority relating to the purchase of freehold interests in properties under the provisions of section 20 of the Landlord & Tenant (Ground Rents) Act, 1967.
The team also values the real property assets of Government Departments and statutory bodies in accordance with Government circulars on the preparation of Appropriation Accounts for inclusion in the published accounts of these organisations.
All market valuations undertaken by the Valuation Office are carried out in accordance with the International Valuation Standards and the Royal Institution of Chartered Surveyors (RICS) Valuation – Professional Standards (The Red Book).
Major customers include:
• Department of Agriculture, Food and the Marine
• Department of the Environment, Community and Local Government
• Health Service Executive • Office of Public Works
• Property Registration Authority
• Commissioners of Irish Lights
• Irish Prison Service • Courts Service
• National Sports Campus Development Authority