Associate, Valuation Advisory

Jones Lang LaSalle Incorporated; Madrid; On-site; EUR 45,000 - 65,000; Full time

Job summary

Jones Lang LaSalle Incorporated (JLL) seeks a Valuation professional in Madrid on-site to conduct comprehensive PBSA property valuations using DCF and comparables. You will prepare reports for lenders, investors, and fund managers, analyze rental markets and demographics, and review development appraisals for PBSA projects.

You will collaborate with the regional team across EMEA, participate in client meetings, and ensure adherence to RICS Red Book and local standards.

Qualifications

• Core Valuation Expertise: 3+ years’ experience in property valuations with knowledge of DCF, income, cost and comparables.
• Strong understanding of development appraisal principles and ability to articulate valuation approaches to clients.
• Sector knowledge in PBSA and residential sectors preferred but not essential.
• Advanced Excel proficiency with financial modelling for valuations and investment appraisals.
• Strong grasp of rental market metrics and comparable transactions.
• Confident presentation skills for client meetings and pitches.

Responsibilities

• Perform comprehensive valuations of PBSA properties using DCF and comparable methods.
• Prepare detailed valuation reports for lenders, investors and fund managers.
• Analyse rental markets, occupancy trends and student demographics.
• Review development appraisals for PBSA projects and monitor market performance.
• Collaborate with EMEA teams and support client meetings and proposals.
• Ensure valuations comply with RICS Red Book and local standards.
• Assist in evaluating investment risks and ESG considerations.
• Contribute to knowledge sharing and internal training.

Skills

Valuation methods (DCF)

Development appraisal

Market analysis

Client communication

Presentation skills

German language

English language

Tools

Excel

Job description

JLL empowers you to shape a brighter way. Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.

JLL es una empresa comprometida con la igualdad de oportunidades entre hombres y mujeres / JLL as a company is committed to equal opportunities for men and women.

Valuation & Analysis

• Conduct comprehensive valuations of flex-living and student housing (PBSA) properties using DCF and comparative methods.
• Prepare detailed valuation reports for institutional lenders, investors, and fund managers.
• Analyse rental markets, occupancy trends, and student demographic data.
• Analyse comparable transactions, rental data, and operational performance metrics.
• Review and assess development appraisals for student housing projects.
• Monitor market performance and prepare quarterly valuation updates.
• Primarily work across Southern Europe but also willing to undertake tasks across EMEA.

Market Research & Intelligence

• In collaboration with JLL Research and Strategy team, track Spanish, Portuguese, Italian, and other European Flex-living and PBSA market trends and performance metrics.
• Develop expertise in Flex-living and PBSA markets and valuation drivers
• Maintain databases of comparable transactions and rental evidence.
• Prepare market commentary and sector insights for clients.
• Monitor regulatory developments affecting student housing and residential sectors.

Client Engagement

• Participate in client meetings and presentations alongside senior team members.
• Respond to client queries and provide technical valuation support.
• Assist in preparing pitch materials and client proposals.
• Support relationship management activities with institutional investors, private equity funds, and lending institutions.
• Contribute to new business development initiatives through research and proposal preparation.

Quality Assurance, Risk Assessment & Compliance

• Ensure all valuations comply with RICS Red Book and local regulatory standards.
• Participate in internal quality review processes.
• Assist in evaluating investment risks including operational performance, regulatory compliance, planning constraints, and market cyclicality.
• Ensure accuracy and consistency of financial outputs across client deliverables.
• Research ESG considerations and sustainability factors impacting valuations.
• Maintain CPD requirements and professional development.

Team Development

• Work collaboratively with colleagues across different experience levels and service lines across EMEA.
• Participate in internal training programs and professional development initiatives.
• Contribute to knowledge sharing and best practice development within the team.

Requirements

• Core Valuation Expertise : 3+ years’ experience in property valuations with demonstrable knowledge of DCF, income, cost, and comparable methodologies.
• Strong understanding of development appraisal principles and ability to articulate valuation approaches confidently to clients.
• Sector Knowledge & Experience : Background in Purpose-Built Student Accommodation (PBSA) and residential sectors preferred but not essential.
• Technical & Analytical Skills : Advanced Excel proficiency with experience building financial models for property valuations and investment appraisals.
• Strong grasp of financial data analysis, comparable transactions, and rental market metrics.
• Client-Facing Capabilities : Confident presentation skills with ability to participate meaningfully in client meetings and pitch presentations.
• Language Requirements : Fluent in both German and English (essential for this EMEA-focused role).

Location: On-site -Madrid, ESP

At JLL, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills, experiences, and qualifications to generate valuable insights about how your unique profile aligns with the specific requirements of the role you're pursuing.

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL’s recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our Candidate Privacy Statement. For additional details please see our career site pages for each country.

Jones Lang LaSalle(“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities.

If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may email us at [e-mail]. This email is only to request an accommodation.

Please direct any other general recruiting inquiries to our Contact Us page

At JLL, we give you the opportunity, knowledge and tools to own your success, because we value what makes each of us unique. Together, we strive to be exceptional and shape a better world.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with operations in over 80 countries around the world, our employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.