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Real Property Valuation


Association of Professionals on Land and Realty (APLR) is running
professional training/certification programs for real estate appraisers.

Real estate appraiser’s professional training/certification programs have been elaborated by qualified experts, in conformity with international standards and local requirements and within the scope of USAID SME Support Project.

Professional Training

Training program elaborated by APLR enables trainees to get theoretical knowledge in the field of real property appraisal, acquire practical skills, be prepared for certification and get appraiser’s profession. The training program will be led by practitioners and high qualified specialist working in real estate field: Lado Vardosanidze, David Jelia, Aleksandre Gvaramia, Vazha Chopikashvili, Temur Partskhaladze and others. Interactive lectures, practical exercises and case studies will be used in the process of training.

Participants of the program can undergo professional certification and get respective cerificates in accordance with international standards.

The price of training is GEL 1170 (including VAT).


I. General issues:
  · Legal aspects of real estate
  · Urban
and architectural planning factors of real estate appraisal
  · Technical
  · International Standards of Valuation (general course)
  · Macroeconomic factors for price formation real property

II. Valuation
   · Profession of appraiser 
Main definitions and principles of valuation, market value
Valuation process
Aim of valuation (laws and subordination legislation of Georgia, according to which valuation is requested)
Description of land parcel, description of improvement
Real estate market analyses t, collection of special data, preliminary analyses
Highest and Best use analyses
  · L
and parcel valuation, different methods for land parcel valuation
Valuation of real estate market value: expenditure approach
Valuation of real estate market value: sales comparison approach
Investment analyses; 6 functions of money
Valuation of real estate market value: income approach
Preparation of valuation report
International Standards of Valuation (basic course)
Valuation for different purposes
a) For financial reporting
- In state sector
- In private sector
b) Valuation for Mortgage Lending Purposes

The program is designed for:

  · Persons providing services on real estate market, as well as persons willing to start activities in real estate field
  · Employees of banks and other financial institutions, construction, developer and insurance companies
  · Employees of real estate companies and brokers
  · Employees of audit and consulting companies
  · Any person willing to acquire real estate valuator profession

Program duration:

Training program lasts:

For 3 (three) months when the lectures are delivered tree times a week  (at. 18:30 p.m).


1.5 months when the lectures are delivered four time a week (at 18:30 p.m).

Persons interested must fill up application form and together with the copy of ID submit to the APLR.

Professional certification

The aim of professional certification is to ensure Georgia’s real estate markets with high qualified specialists and services corresponding to international standards. Certification program fully complies with the requirements of international standard ISO/IEC 17024:2008 – General Requirements to the Bodies Operating Certification of Persons.

APLR certification body is accredited at the State Body of Accreditation of Georgia – the Accreditation Center. The persons certified by APLR certification body will get certificates in accordance with international standards.

Certification program includes 2 stages - testing and practical work.

The price for certification is GEL 400 (including VAT).

For additional information, please, contact:

Certification Center of APLR Professional Certification Body
# 1 St. Nikoloz/N.Chkheidze Street, Floor I
Tbilisi  0102 Georgia
Contact person: Natia Makharoblidze
Tel: (995 32) 2 10 62 72
Mob: 599 219 199