How to Check Whether a Property Listing Price Is Fair
An asking price is not the same as market value. To test whether a listing is fairly priced, compare properties with a similar location, type, size, and condition, then separate the advertised price from the likely negotiated price.
Start with price per square metre
Divide the asking price by usable area and compare it with similar properties, not with a city-wide average. A newly built, furnished home or a premium micro-location may justify a higher price. Conversely, floor level, true condition, missing parking, or renovation costs may explain a lower one.
Use genuinely comparable properties
Choose evidence with a similar size, room count, and micro-location. A 45 sqm apartment is not automatically comparable with a 90 sqm one, and a new development should not be compared with older stock without adjustments. Check every source and date: search pages and offers without a disclosed price or surface are not enough evidence.
Use a range, not one magic number
A responsible valuation explains a likely range rather than promising an exact price. A Property Intelligence report combines comparative analysis, potential income, and replacement cost; it distinguishes direct evidence from project benchmarks. The result is a starting point for negotiation, not a bank or legal appraisal.
What to check before making an offer
- construction year, condition, and required work; - usable surface and the documents supporting it; - recurring costs, parking, and access; - active comparables and source quality; - risks a due-diligence review can highlight.
Frequently asked questions
Does a lower price per sqm automatically mean a good deal?
No. It may reflect a larger unit, poor condition, weaker location, or hidden costs. Always compare context, not just an average.
Can this report replace a licensed appraiser?
No. It is a digital decision and negotiation tool. For lending, deeds, or local legal requirements, consult qualified local professionals.