Technical Due Diligence reports, which detail the physical condition of a property, are increasingly in demand throughout continental Europe, as financial institutions, investors and owner-occupiers look ever more closely at the risks of buying and selling property.
It is therefore critical that both property professionals and their clients understand the issues which may be covered in such reports and have confidence in the due diligence process, which differs from country to country.
This note collates information that is both significant throughout continental Europe and locally relevant. It is important to view this guidance note as a range of services rather than a standard survey. This is because the components of a Technical Due Diligence report may or may not be mandatory in specific countries, may or may not be regulated in law and may or may not be restricted to members of certain professions.