---
title: "Market Valuation of Property for Auction"
url: "https://legal.ge/en/service/enforcement-services-en/market-valuation-of-property-for-auction-en-3035"
field: "Enforcement Services"
description: "Assessment of seized property in Georgia: who assesses, expert conclusion validity and the contents of the description and seizure act. Legal.ge."
reviewed: "2026-07-09"
updated: "2026-10-14"
publisher: "legal.ge"
---

# Market Valuation of Property for Auction

> Source: legal.ge, https://legal.ge/en/service/enforcement-services-en/market-valuation-of-property-for-auction-en-3035

## Why Market Valuation Is the Decisive Step

In enforcement proceedings, property placed under seizure is realized by auction, and the success of the auction — and the balance between the parties' interests — depends largely on how accurately the market value of the property has been determined, since the starting price is based on it. An undervaluation prejudices the creditor and reduces the prospect of full satisfaction; an inflated valuation makes the property unsellable and delays the procedure. This stage is governed by Article 47 (assessment of seized property) and Article 48 (the act of description and seizure) of the Georgian Law on Enforcement Proceedings.

This page describes when and by whom the assessment is carried out, what role is played by an expert conclusion submitted by a party to the proceedings, and what the act of description and seizure — the document that records the results of the assessment and becomes the basis for subsequent challenges — must contain.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/enforcement-services-en/market-valuation-of-property-for-auction-en-3035

### Where does the assessment of property begin?

At the description, if the market value can be determined it is recorded in the act of description and seizure; otherwise the Bureau or a competent person commissioned by it assesses the property after registration of the seizure.

### Can a party submit its own valuation?

Yes — a party may submit an expert conclusion under which the property was assessed within 6 months before the commencement of the proceedings; the Bureau decides on its admissibility.

### What is recorded in the seizure act?

The time and place, the bureau and executor, the decision being enforced, the parties, the features and value of each item, the seals, the custodian, and the explanation of the appeal procedure.

### Who signs the act?

The act is signed by the executor, the custodian of the property, the creditor, the debtor and other persons present at the placing of the seizure.