Associate, Valuation Advisory (PBSA)

About the role

JLL is hiring an Associate for its Valuation Advisory team in Madrid, working primarily across Southern Europe and also willing to take on tasks across EMEA. The role covers valuations of flex-living and student housing (PBSA) properties, market research and client engagement.

Key responsibilities

• Conduct comprehensive valuations of flex-living and PBSA properties using DCF and comparative methods, and prepare detailed valuation reports for institutional lenders, investors and fund managers.
• Analyse rental markets, occupancy trends, student demographics, comparable transactions and operational performance metrics; review development appraisals for student housing projects and monitor market performance with quarterly updates.
• Track Spanish, Portuguese, Italian and other European flex-living and PBSA trends with the JLL Research and Strategy team, maintain databases of comparable transactions and prepare market commentary.
• Monitor regulatory developments affecting student housing and residential sectors, and research ESG and sustainability factors.
• Take part in client meetings and presentations, respond to client queries, assist with pitch materials and support relationship management with institutional investors, private equity funds and lenders.
• Ensure valuations comply with RICS Red Book and local standards, take part in internal quality reviews, evaluate investment risks and maintain CPD requirements.

Required profile

• 3+ years of experience in property valuations, with knowledge of DCF, income, cost and comparable methods.
• Strong understanding of development appraisal principles and ability to explain valuation approaches to clients.
• Background in PBSA and residential sectors preferred but not essential.
• Fluent in both German and English (essential for this EMEA-focused role).

Required skills

• Advanced Excel, including building financial models for property valuations and investment appraisals.
• Financial data analysis, comparable transactions and rental market metrics.
• Confident presentation skills for client meetings and pitches.