Depreciation of property

Decrease in age value – Decrease in age value refers to the total useful life of a property in connection with the market value. If the remaining life of a property is shortened, a reduction in age value is taken into account. Factors to be considered are, for example, construction defects or technical obsolescence of a building such as damp cellars or single-glazed windows.

Age depreciation at a glance: Impairment due to useful life

• Impairment of a property due to total useful life
• Is related to the market value of a property
• Reduced value due to shortened remaining useful life
• Reduction due to wear and tear, construction defects, wear and tear and obsolescence

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