Independence
Professional judgement is exercised without subordination to commercial interests, the value expected by the client or the completion of any transaction involving the property.
Independent real estate valuation
Decisions with a sound basis.
The value of property is not an idea, a feeling or an impression. It is a qualified opinion of value, supported by technical criteria and internationally recognised standards, corroborated by verifiable information and undertaken with the required professional responsibility.
Receiving a request does not imply acceptance of the engagement. Every case is subject to prior checks of independence and potential conflicts.
CMVM registrationPAI/2022/0049
ANAI memberNo. 1118
Professional commitment
The value of a valuation begins with trust.
A credible valuation requires more than applying a method. It calls for independence from the outcome, impartiality in assessing the available evidence, rigour in selecting and applying criteria, and confidentiality in handling all information received.
Impartiality
Facts, assumptions and market data are assessed impartially, including evidence that may contradict previously formed expectations.
Rigour
Methodology, sources and assumptions are selected according to the asset and purpose of the valuation, allowing the conclusion of value to be understood.
Confidentiality
Information received is protected and used solely within the agreed scope and purpose, with respect for all parties and applicable professional obligations.
Areas of practice
Every asset requires its own reading.
The purpose of the valuation, the nature of the property, its territorial context and the quality of the available information determine the scope, depth of analysis and appropriate methodologies for each engagement.
01
Residential
The valuation of apartments, houses and residential property considers location, physical and functional characteristics, condition, planning context and effective evidence from the relevant market.
02
Refurbishment
For buildings and refurbishment projects, the analysis considers current condition, transformation potential, foreseeable costs, applicable constraints and the reasonableness of the adopted scenarios.
03
Industrial and logistics
Industrial assets, warehouses and logistics facilities require analysis of their use, construction specificity, accessibility, adaptability and position within the market and territory.
04
Retail and offices
For retail and office premises, location, occupancy, contracted and market rents, functional suitability, demand and conditions affecting income and liquidity are considered.
05
Financial Analysis of Real Estate Projects
Analysis of income, costs, cash flows, operating scenarios and the sensitivity of real estate assets and projects.
Note: This service is limited exclusively to the economic and financial analysis of real estate assets and projects. It does not constitute financial consultancy, advice on financial instruments or products, credit intermediation or any promise of return.
Working method
A clear process, from the intended objective to the conclusion.
The work is carried out under applicable legislation and regulations, with European and international standards as technical references. Each valuation process is defined by its purpose, the adopted basis of value, the characteristics of the asset and the information that can be verified.
- 01
Scoping
Clarification of the asset, purpose, valuation date and basis of value, intended users and information required to carry out the engagement.
- 02
Independence and competence
Confirmation that the appropriate competence, resources and knowledge are available, together with checks for conflicts of interest or circumstances that could affect impartiality.
- 03
Terms of engagement
Written definition of scope, responsibilities, basis of value, fees, deadlines, assumptions, limitations and conditions governing use of the report.
- 04
Analysis
Inspection where applicable, documentary verification, collection and assessment of market data, methodological selection and support for the assumptions used.
- 05
Report
Clear presentation of the conclusion of value, the reasoning supporting it, sources, assumptions and limitations relevant to its correct interpretation.
Property literacy
Price, cost and value are not synonymous.
Price is the amount agreed in a transaction. Cost represents the resources required to create or replace an asset. Value is a reasoned opinion determined for a specific purpose, date and basis of value.
Understanding this distinction supports more prudent interpretation of proposals and scenarios. An asking price does not in itself demonstrate market value; expenditure does not ensure equivalent appreciation; and a commercial expectation does not replace the technical evidence available at the valuation date.
Profile
Hermínio Santos Martins
Real Estate Valuer
I hold a degree in Real Estate Management and have worked in the real estate market since 1996. Since 2022, I have focused my practice on real estate valuation, combining market experience with technical analysis, independent judgement and the responsibility required of a valuer.
I undertake work in the Lisbon district and along Portugal's southern coast — Alentejo and the Algarve — covering residential property, refurbishment, industrial and logistics assets, retail, offices and the financial analysis of real estate projects. In each assignment, my objective is to formulate a well-founded opinion of value, consistent with the purpose of the valuation and supported by verifiable information and the applicable technical standards.
- CMVM registration
- PAI/2022/0049
- ANAI member
- No. 1118
- Professional base
- Lisbon, Portugal
Professional contact
Share the essentials of your request.
Please indicate the purpose of the valuation, the approximate location and the essential details of the asset. This information helps define the scope of the request; it does not yet represent acceptance of the engagement. Before any proposal, the necessary competence, independence and absence of conflicts will be verified.