Can I challenge a bank valuation in Portugal?
Yes. Under Decree-Law 74-A/2017 (article 18), you can complain in writing about the results and reasoning of the valuation, and the lender must give you a reasoned reply. You can also ask for a second valuation. If you paid for the valuation, the report belongs to you.
How do I read the report before complaining?
Check the basis of value and the valuation date first, then the comparables: are they real transactions, recent and genuinely similar, and how were they adjusted? Then the assumptions. Most disagreements come from one of these four points. See Market value is not price and Market value under IVS.
What makes a complaint effective?
Evidence, not opinion: transactions the valuer missed, errors in area or condition, or an assumption that does not match the facts. A complaint that only says the figure is too low rarely changes anything.
Can a second valuation be different?
Yes, if the evidence supports it. In practice the second valuer will face the same questions — basis, date, comparables and assumptions — so the best argument is the one that addresses them directly.
Read next
- Market value under IVS
- Market value is not price
- What is a basis of value under IVS?
- What is a Red Book valuation?