Judgement formed on all three sides of the transaction.

Architect by training, valuer by specialisation

The starting point is architecture — a registered architect with the Colegio Oficial de Arquitectos de Madrid. The specialisation is valuation: a postgraduate course in land and building valuation, and subsequently Chartered Valuation Surveyor and RICS Registered Valuer through the RICS Valuation Pathway.

That order matters. Valuation is often approached as a financial exercise applied to a building. Beginning from the building — its construction, its planning position, what it would cost to bring it back into use — changes which assumptions look plausible and which do not survive inspection.

Three positions in the same transaction

A valuation is read from at least three positions: the professional who produces it, the institution that owns the asset and commissions it, and the buy side that has to act on it. Most valuers spend a career in one of the three.

As the valuer. From 2006, producing valuations for mortgage lending and financial reporting under Spanish ECO regulation, on residential, industrial and development assets. From 2014, at AURA REE and JLL Valuation, on due diligence and portfolio mandates for international investment funds under RICS Valuation Standards — including work on the development of JLL’s automated valuation tool — qualifying as MRICS through the RICS Valuation Pathway in 2015.

As the institution holding the assets. At Solvia and then Servihabitat, on the receiving side of the same process: setting portfolio valuation strategy, defining methodology and basis of value, briefing and monitoring internal and external valuers, and building the AVM and internal applications behind the underwriting function.

On the buy side. At EOS Spain, underwriting acquisitions: building the valuation and underwriting models, and reviewing the valuation and business models submitted by external consultants and servicers.

Most valuers have held one of those positions. Holding all three changes what you notice: before the report is written, you already know which parts of it will be challenged, by whom, and on what grounds.

What that changes for a client

It means knowing what a servicer’s data actually looks like before it is cleaned, and which fields to distrust. It means recognising which assumptions survive contact with an asset management plan and which are optimism in a spreadsheet.

It means understanding automated valuation models from the inside, having contributed to building them on both sides — within an advisory firm and within a servicer. Including where they break down, which segments they cannot price, and at what point a modelled value stops being defensible in front of a committee.

And it means a report written by someone who has had to defend decisions taken on the strength of a valuation, on the side where the consequences land.

Qualifications

• MRICS, Chartered Valuation Surveyor — Royal Institution of Chartered Surveyors, since 2015. Membership 6382144.
• RICS Registered Valuer, since 2018.
• Registered architect, Colegio Oficial de Arquitectos de Madrid, membership 19767.
• Postgraduate Specialised Course in Land and Building Valuation.
• Executive Programme in Real Estate Management and RICS adaptation module, IE Business School.

Why REV is deliberately small

REV is not structured to grow into a platform. It is structured so that senior judgement is applied to the whole of the work rather than to a review meeting at the end.

In practice that means engagements are scoped to match real capacity, analysis is not delegated to junior teams, and the person who signs the conclusion is the person who reached it. Where a mandate exceeds what can be delivered to that standard, REV says so rather than staffing around it.

For clients accustomed to large advisory platforms, this is the trade-off: less scale, no overhead, and no distance between the analysis and the signature.