Main business lines of Arco Vara are real estate development, real estate brokerage and valuation services.
In our work, we follow principles which are environmentally friendly and sustainable. We plan real estate developments which have excellent energy class and are environmentally friendly and buildings fit well into surrounding. We turn attention to construction quality of our buildings, because we would like to create living environments, which will last for generations.
Services we provide have noticeable weight in society. Customers invest to real estate each year tens of millions of euros through our mediation and make credit decision in almost the same volume based on our professional valuation. It is important to achieve and to maintain operating real estate market which is balanced informatively, making it also more sustainable. Each and every client, out of thousands who purchase real estate mediated by us, has to make balanced and informative decision and broker has to help client in getting the right and timed information about object properties, merits and demerits and alternatives. Each credit in form of real estate collateral should be supported by objective expertise. Our brokers and valuators are aware of social responsibility when providing services.
Main business lines of Arco Vara are real estate development, real estate brokerage and valuation services. Therefore, our social responsibility has several important dimensions.
Firstly, society uses real estate valuation service mainly on valuating loan guarantees. Both, production and consumption, and part of it also real estate market, are based largely on loan relations. The latter in turn is based on guarantees. Expertise given to the value of real estate property as loan guarantee therefore influences creditor’s evaluation of risks and decisions to boost capital onto the credit market. Too optimistic valuation policies might support initiating real estate bubble and irresponsible borrowing. Overly conservative valuation policies might slow down normal market activity and growth.
Total value of properties valuated by the group only in Estonia exceeds 200 million euros a year and whereby having considerable effect on functioning balanced real estate market. Therefore, the group has a policy that expert opinions are appraised only by certified valuators, who are guided by the minimum requirements set out by professional organisations and additional intra-group rules. History of provided services to each valuated object will be stored in Arco Vara database. That includes object view i.e all previously issued appraisals can be found for the object to ensure better consistency of valuations.
Secondly, bonus value of real estate brokerage services embodies sharing true and competent information between people. Bonus value of brokerage service, if compared with real estate portal mediation service, is in the amount, verifiability and truthfulness of additional information. The role of the broker in gathering information is to represent interest of both: his/her client (who initiates the deal) and possible counterparty. Both parties should have equal and verified information in all important questions on concluding the transaction. Therefore, the group’s policy concerning brokerage services is to accept for mediation only verified property eligible for transaction. Transaction eligibility, depending on the type of the property, means prior inspection of the property, prior review of legal aspects and control of the person (i.e. whether he/she is the owner?) initiating the transaction. To comply it’s standards, Arco Vara will not mediate uncontrolled real estate transactions.
Thirdly and most importantly, real estate products developed in the group will have an effect on appearance and usage functions of future cities. Therefore we always evaluate beside business aspects broader impact of our activities and expect to achieve maximum positive result in following areas:
- detail planning and design of living environment (not only design of individual building);
- architectural solution as a form that has the most long-term impact on people;
- room planning;
- technological shift, that means each new development product will be a seedbed for some new technology, we do not make the same things all the time;
- building quality and optimization of operating costs, that means our interest is to develop products with longlasting usage value and endure generation after generation.
Arco Vara turns special attention to well-being of its employees and improvement of working conditions – in 2015, we renewed offices and organised joint events. In our everyday work we are following sustainability principles by using digital possibilities – digital signature, digital archiving and intra-office data processing without physical data carriers.
We inspire and encourage our people to participate voluntarily in charity projects and contribute to environmental initiatives. Our people are participating in support of orphanage children and activities for the benefit of community.
In 2014, Arco Vara turned special attention to well-being of its employees and improvement of working conditions – we replaced computers, renewed offices and office furniture, organised joint events. In our everyday work we are following sustainability principles by using digital possibilities – digital signature, digital archiving and intra-office data processing without physical data carriers.
We inspire and encourage our people to participate voluntarily in charity projects and contribute to environmental initiatives. Our people are participating in support of orphanage children and activities for the benefit of community