Newsec performs property valuation for all of Latvia’s major banks | Newsec

Newsec performs property valuation for all of Latvia’s major banks

Newsec performs property valuation for all of Latvia’s major banks

The international real estate advisory firm Newsec now works with all of Latvia’s major banks to provide the property valuation services which the banks’ customers often need to obtain a mortgage on a home, business loans or other financing. A new collaboration agreement which Newsec signed with AS Swedbank in February adds to those it already has in the country with AS Rietumu banka, SEB banka, AS Citadele banka, and AS Luminor banka.

“We are proud to be recognized as expert partners in property valuation by all the biggest banks in Latvia, pleased to use our international know-how to assist them and their customers with reliable valuations,” says Kaspars Dzedulis, Newsec’s Head of Valuation in Latvia. “High quality valuation is extremely important for people to get the financing they need, for a home, especially, or a key project, in a smooth, sustainable way, and for successful completion of many kinds of transactions,” he notes.

Newsec is a licenced provider of valuation services for real estate, movable property and businesses throughout Northern Europe. Assessments are based on established international standards for valuation and financial reporting and analysis of relevant market data.

The company is certified by the Royal Institution of Chartered Surveyors (RICS) and the European Group of Valuers’ Associations (TEGoVA) and maintains professional liability insurance. Its qualified valuers abide by the principles of transparency, accountability and constant learning.

“With many years of experience, strong expertise, and strict professional standards, our team consistently delivers sound valuations by agreed deadlines,” Kaspars Dzedulis stresses. Newsec in Latvia provides all valuation services without limits on the type of property or the amount of its value.

Newsec’s 19 valuation professionals in the Baltics last year performed a total of 3,400 valuations in Latvia, Estonia and Lithuania involving EUR 4.2 billion of property.


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