What is the difference between the market and administrative real estate appraisal?

An administrative appraisal may only be carried out by an expert for the tax authorities that will use this appraisal as a comparative value. The calculation of an expert is strictly based on Act No. 151/1997 Coll. on the Valuation of Property and valid Decree No. 441/2013 Coll. to implement the Act on Valuation of Property.

Market appraisal can be carried out by an appraiser with a regulated trader as well as an expert. There is no legal standard for the calculation of the market price, but it is based solely on the generally applicable methodology.