Need to know the market value of your property?

Ark Consultants Limited is a registered property valuation firm in Kenya. We provide dependable and accurate appraisals throughout Kenya.

All our valuers are licensed and certified by the Valuers Registration Board (VRB) and the Institution of Surveyors of Kenya (ISK). We provide real estate property appraisals and valuations for commercial, industrial, land, and residential properties.

Ark Consultants Limited is entrusted to carry out property valuation by numerous lending institutions, insurance companies, businesses, corporations, and private individuals in Kenya. Some of our clients include KCB Bank, ABSA Bank, DIB Bank Kenya, I&M Bank, National Bank of Kenya, Equity Bank, Stanbic Bank, ICDC, Unaitas, UNSACCO and The Central Bank of Kenya.

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Frequently asked questions about property valuation. Send us an inquiry if your question is not answered below and we will assist you.

Property Valuation can be defined as the art or science of estimating the monetary worth of an interest in a particular property, for a specific purpose, at a given place and a particular moment in time.

Property Valuation is important because it helps in the following cases:

  • to buy so that you do not pay more than you should;
  • to sell so that you can set an optimal price and be clear on the lease amount that you should take;
  • to let or take a lease or agree on a rent review;
  • to assess tax or rates payable;
  • for insurance;
  • to obtain compensation for compulsory acquisition;
  • to borrow money using the property as ‘security;
  • to show the value of the property as a fixed asset on a company balance sheet;
  • to develop or redevelop;
  • Litigations e.g. compulsory acquisition proceeding, property divisions, environmental litigation;
  • Financing and credit e.g. mortgage;
  • Investment counseling and decision making;

Property valuation can only be undertaken by a valuer who is registered and licensed by Valuers Registration Board (VRB).

The cost of property valuation is guided by the Valuers Act cap 532 which describes the Valuers Scale of Fees.

It indicates as follows:

Urban rating and agriculture:

First Kshs. 2,000,000 at 1.0 per cent. Residue at 0.25 percent.

Compulsory acquisition:

First Kshs. 2,000,000 at 2.0 per cent. Residue at 0.5 percent


First Kshs. 400,000 at 10 percent. Residue at 5 percent.

Plant, machinery, and automobile:

Fist Kshs. 5,000,000 at 1.5 per cent. Residue at 0.5 percent.

Furniture, fittings, equipment, trading `stock, and going concerns:

First Kshs. 1,000,000 at 5.0 per cent. Residue at 2.5 percent

Minimum valuation fees.•.

15,000 for any valuation.


A minimum of Kshs. 5,000 per hour where such consultancy does not involve carrying out a valuation and compilation of a valuation report or advising on the value of the property.

Traveling expenses and disbursements:

These shall be based on the costs incurred in undertaking the valuation.

Yes, if the client is convinced that the property valuation does not reflect the actual market value, they are entitled to contest the valuation.

The process involves:

  • receiving and confirming instructions from the client;
  • obtaining all relevant documents i.e. search and map
  • inspecting the property;
  • researching and analyzing all relevant market information and comparables;
  • carrying out all calculations to arrive at a valuation;

reporting the results of the research and providing the valuation and report;

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For one to become a property valuer, they need to attain a degree in Land Economics or Real Estate or its equivalent from a recognized university or its equivalent, be registered as a full member of the Institution of Surveyors of Kenya (ISK), and successfully undertake Valuers Registration Board (VRB) exams.

  • Cover Page-Indicating the details of the property i.e. LR Number,
  • Instructions/terms of reference
  • Purpose of valuation
  • Date of inspection/valuation
  • Basis of valuation and its definition
  • Valuers limiting conditions
  • Photos of the subject property
  • The Land Registered Number/s
  • Situation
  • Title details
  • Improvements
  • Construction and accommodation details
  • Market analysis
  • General remarks
  • The opinion of value in words and figures
  • Signature and seal.

Generally, factors that affect the value of a property can be classified into:

Physical factors – the location, size, age, type of finishes and accommodation, amenities available.

Social factors – this primarily relates to population characteristics and how it affects the property values of a given area.

Economic Factors– relates to the forces of demand and supply and the economic ability of the population to satisfy its wants needs and demands through its purchasing power.

Governmental Factors – This refers to the governmental legal and political activities and policies of a particular area and how they affect the forces of demand and supply.

The income receivable from a property.

The current and potential use of the property.

A property valuation certificate can be defined as a legal document indicating the results of a valuation process.