Methodology

Asset valuation in Bulgaria is conducted according to the general and specific requirements of the Bulgarian Valuation Standards (BVS) 2018, to the extent that they do not conflict with the International Valuation Standards (IVS) 2020 and European Valuation Standards (EVS) 2020.

Valuation Activity Utilizes Three Main Approaches, Detailed in All Three Standards

Market Approach
Income Approach
Cost Approach

Valuers are not required to use more than one valuation method for an asset, particularly when the valuer has a high level of confidence in the accuracy and reliability of a particular method.

Valuers, however, should consider the possibility of using more than one approach and method to reach an indication of value, especially when sufficient factual or observable input data are not available for a single method to provide a reliable conclusion.

You can learn more about the methodology employed by Advance here:

Apply methodology