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Valuation & Advisory

Valuation & Appraisal in the Cayman Islands

A figure that stands up in a bank, a court or a boardroom.

What this service is

A valuation is a professional opinion of value prepared to a defined basis and purpose. Nautic is regulated by RICS and prepares valuations in accordance with the RICS Valuation, Global Standards, known as the Red Book. We value residential, commercial, industrial, land and development property across the Cayman Islands for lending, transaction, probate, matrimonial, insurance and reporting purposes.

A valuation is only as good as the evidence behind it and the standard it is prepared to. Red Book compliance sets the basis of value, the assumptions, the inspection standard and the disclosure required, so the reader knows exactly what they are relying on. Every Nautic valuation states its purpose, its basis and its evidence.

What we deliver

Scope of valuation & appraisal work.

  • 01

    Market valuation

    Open market value for sale, purchase, transfer or internal reporting.

  • 02

    Mortgage and lending

    Bank-format reports prepared for lending institutions and their credit requirements.

  • 03

    Probate and matrimonial

    Independent figures prepared for estates, the Grand Court and family proceedings.

  • 04

    Insurance reinstatement

    Rebuild cost assessments so a building is neither under-insured nor over-insured.

  • 05

    Development appraisal

    Residual land value and viability testing before a site is committed to.

  • 06

    Rental assessment

    Evidence-based market rent for lease renewals, rent reviews and new lettings.

Working with Nautic

How an instruction runs.

  • Brief and fee. A short conversation about the property and the purpose, followed by a written fee proposal with the scope and basis of appointment stated plainly.
  • Inspection and information. We attend the property and gather the drawings, contracts, policies or accounts the instruction needs.
  • Analysis. Measurement, costing and evidence gathering, the part that decides whether the conclusion holds up under scrutiny.
  • Report. A clear document with the conclusion at the front, the reasoning behind it, and the assumptions declared.
  • Follow-through. We remain available to explain, defend and act on the advice, to a lender, an insurer, a board or a tribunal.

Related experience

Projects our team has worked on.

Team experience

Balbriggan, County Dublin · Ireland

Stephenstown Schools, Balbriggan

Two new schools completed in 2018 at Balbriggan, a 1,000-pupil post-primary school and a 750-pupil primary school, with supporting infrastructure.

Year 2018Size 1,750 pupil places
Team experience

Dublin · Ireland

52 & 53 Airways Industrial Estate

A 40,000 sq ft industrial and commercial interiors project in Dublin, delivered on a 12-week programme.

Size 40,000 sq ft
Team experience

Sandyford, Dublin · Ireland

Beacon Hospital, Sandyford

Works at Beacon Hospital, one of Ireland's principal private hospitals, in Sandyford, Dublin.

Sector Healthcare

Projects marked “team experience” were delivered by members of the Nautic team while working at previous firms and were delivered at previous firms.

FAQ

Valuation & Appraisal, questions we are asked

What is a Red Book valuation?

A valuation prepared under the RICS Valuation, Global Standards. It sets mandatory requirements for the basis of value, assumptions, inspection, evidence and disclosure, which is why banks, courts and auditors rely on it.

How long does a valuation take in Grand Cayman?

For a standard residential property, typically a few working days from inspection to issued report. Commercial, development and portfolio instructions take longer and are quoted individually.

What is the difference between a valuation and an appraisal?

In practice the terms are used interchangeably in the Cayman market. Both describe a professional opinion of value; what matters is the standard it is prepared to and the purpose it states.

Do I need a valuation for probate?

Usually yes. An independent valuation at the date of death establishes the value of the estate's property and is normally required to administer the estate.

Get in touch

Need valuation & appraisal in Cayman?

A valuation, a claim that needs adjusting, a project that needs costing, or a strata that needs running properly. Start with a conversation, quotes are free.