Property valuation for a mortgage: who pays for it and how much it costs
Some banks do not charge the client for it at all, others charge CZK 3,000 to 5,000, and some have it tucked away inside the fee for providing the loan. We have set out how each bank handles it, who picks the valuer, and what to do when the valuation comes in below the purchase price.
How much does a valuation cost?
From zero to five thousand koruna. The range is wide because every bank handles it differently: some pay for it themselves, others fold it into the fee for providing the loan, and others bill it separately.
The figures below come from banks' price lists and representative examples, checked on 21 September 2026. Price lists change, so check the current terms with your own bank.
| Bank | Valuation cost | How it works |
|---|---|---|
| ČSOB | CZK 0 | Online for flats and houses in municipalities with over 10,000 residents, elsewhere by a technician or contracted valuer |
| Air Bank | CZK 0 or CZK 5,000 | Free for a flat, CZK 5,000 for a house and land |
| Moneta | CZK 3,000 | Charged as an assessment of the security's suitability |
| Komerční banka | CZK 4,900 | Part of the fee for providing the loan, not charged separately |
| Česká spořitelna | CZK 5,000 | Reimbursement of the cost of preparing the valuation |
| Raiffeisenbank | depends on the campaign | Free during the Hypodny promotion, otherwise by the price list |
One thing the table shows that does not come across on comparison sites: zero does not mean the same thing at every bank. At ČSOB it is a permanent feature of the product, at Air Bank it only applies to flats, and at Raiffeisenbank it is tied to whichever promotion happens to be running. If someone promises you a free valuation, ask under what conditions.
On top of the valuation come the Land Registry's administrative fees for registering and removing the charge over the property. The bank only passes these on: Air Bank states CZK 3,600, Česká spořitelna CZK 4,000. It is not the bank's own money, but you pay it either way.
Why do people talk about three different prices?
Because for one property, three exist side by side, and they get mixed up.
- Purchase price is the amount you agreed with the seller.
- Market price is what buyers are willing to pay. You can read it from comparable sales nearby.
- Appraised value is the figure a valuer sets. It is the only one the bank uses to calculate how much it will lend.
If you agree a price well above the market, the bank will not lend you the difference. This is not distrust of you; the bank is simply reckoning with having to sell the property itself one day.
What if the valuation comes in below the purchase price?
You will have to add more of your own money. The bank calculates LTV from the valuation, not from what you paid.
In numbers: a flat for CZK 5 million, valued at CZK 4.6 million. At eighty percent, the bank lends CZK 3.68 million instead of CZK 4 million, so instead of a million you need CZK 1.32 million. A CZK 400,000 gap in the price turned into CZK 320,000 more that you have to cover.
There are three ways out: add your own money, negotiate a lower price with the seller, or pledge a second property as additional security. We cover the third route on our mortgage without savings page. If the property is still being built or renovated, the value after completion is what counts; see mortgage for building and renovation.
That is why it is worth knowing the valuation before you sign a reservation contract with a deadline and a deposit. If it turns out the wrong way, you lose the reservation fee too.
Who picks the valuer?
The bank. It either uses its own technician or a contracted valuer from its own list.
You can pay for your own valuation, but the bank does not have to use it. For flats in ordinary developments, many banks today value the property online from public data, and no valuer comes out at all. For houses, land, holiday properties and non-standard buildings, an on-site visit is done almost every time.
A valuation is valid for a limited time, usually a few months. If arranging the mortgage drags on, the bank may want a new one.
Frequently asked questions
Do you pay for the valuation even if the bank ends up turning the mortgage down?
It depends on the bank and on when the rejection happens. Some banks only commission the valuation after a preliminary creditworthiness check, so it never happens at all for a rejected application. Ask in advance what order the bank follows, so the cost does not catch you by surprise.
Can I use a valuation I already have from another bank?
Usually not. Banks work with their own methodology and their own list of valuers, so they commission the valuation again. The exception is usually refinancing, where some banks value a flat in an ordinary development online and do not need a new valuation.
How much does a second valuation cost?
If the first valuation was free under a promotion, banks usually charge the second one at the ordinary price. A second valuation is mainly done when the property has changed in the meantime, or when the first one has expired.
Does the valuation also cover renovation work I am only planning?
For building and renovation, the value after the work is completed is what counts, not the current state. Česká spořitelna states that the maximum loan amount is based on the property's future value, which also includes the land. The bank wants a budget and a project for this, and releases the money gradually as the work progresses; we cover this on the mortgage for building and renovation page.
Mortgage of CZK 4,000,000, fixed borrowing rate 4.99% a year, term 30 years (360 months), fixed-rate period 3 years. Monthly payment CZK 21,448, APRC 5.11%, total amount payable CZK 7,721,433.
Calculated with the rate valid on 1. 11. 2026. Your actual rate depends on your creditworthiness, the LTV and the market. A mortgage is a loan secured by a charge over the property, and failing to repay can lead to its sale. We will tell you the commission we receive from banks on request.