Glossary
Sales comparison approach
Valuation method deriving value from prices of comparable properties; common for flats.
Meaning in context
Sales comparison approach is a specialist term used in German property, construction or management practice. Its exact effect depends on the document, transaction and applicable law.
Practical example
In practice, check how Sales comparison approach is used in the relevant German contract or official record rather than relying on an informal translation.
Important distinction
This definition provides orientation and does not replace review of the original German documents.
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General information, not legal or tax advice.