How often should you get property revalued?

By Parish Rao · 25 August 2026 · 5 minute read

Owners often produce a report from six years ago as though it settles the question. It does not, and using a stale figure can quietly cost you money in either direction.

A valuation has a date on it for a reason

It states what a property was worth on one specific day, using the evidence available then. Everything after that day, in the market and to the property itself, is outside the report.

That is not a weakness. It is what makes the document precise. But it does mean the number ages.

A reasonable rhythm

For a property you simply hold, with nothing unusual happening, revisiting every three years is sensible. In a fast moving area, every two.

For a business carrying property in its books, align it with whatever reporting cycle you already have, so it becomes routine rather than a special project.

For an official purpose, forget the general rule. Whoever is asking sets the window. Banks commonly treat reports as current for a matter of months only, so check with your lender. See our bank loan valuation page. Consulates usually want something recent.

Events that should trigger a fresh valuation regardless

• The property changed. A new floor, a major renovation, part demolished, damage.
• The paperwork changed. Mutation completed, a title problem resolved, an occupancy certificate finally issued. These usually raise the figure, so you want them captured.
• The area changed. A metro line, a highway, a new commercial hub, or a large project cancelled nearby.
• A death in the family. Values may be needed as at that date, and reconstructing later is harder. See which date to value on.
• A dispute appearing on the horizon. Record the position while it is still uncontested.
• You are about to transact. Sell, borrow, divide, insure.

The cost of a stale number

In a rising area, an old valuation understates you. You insure for too little, borrow less than you could, or accept a division that quietly favours whoever keeps the property.

In a flat or falling area, an old valuation overstates you, which can mean paying premiums on cover you do not need, or planning around money that is not there.

Neither error announces itself. That is what makes it worth a periodic check.

Revaluation is usually cheaper

If we have valued the property before, the groundwork exists. Tell us it is a revaluation and it is normally quicker and less expensive than starting fresh.

Keep your old reports. They are useful evidence in their own right, particularly if a past date question ever arises, as explained in valuing a property as it stood years ago.

Tell us when your property was last valued and we will say honestly whether it is worth refreshing.