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Compensation for Real Properties Acquired for Roads in Different Procedures - Comparative Analysis

Compensation for Real Properties Acquired for Roads in Different Procedures - Comparative Analysis AbstractReal properties acquired for the so-called public purpose, such as road investments, generate a one-off financial indemnity in the form of compensation paid to the expropriated owner. Due to the different possible modes of expropriation (pursuant to the Real Estate Management Act or the Special Road Act), the amount of the compensation due may be determined in different ways, which entails a variety of results. The article compares the compensation levels determined in two possible procedures: basing on the predominant use of the adjacent areas or on data from the transactions of real properties intended for public roads.The conducted analyses demonstrated that the differences between these two types of compensation for land intended for development, established under two different expropriation procedures, are insignificant. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Real Estate Management and Valuation de Gruyter

Compensation for Real Properties Acquired for Roads in Different Procedures - Comparative Analysis

Real Estate Management and Valuation , Volume 25 (4): 10 – Dec 1, 2017

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Publisher
de Gruyter
Copyright
© 2017 Anna Barańska, published by De Gruyter Open
ISSN
1733-2478
eISSN
2300-5289
DOI
10.1515/remav-2017-0028
Publisher site
See Article on Publisher Site

Abstract

AbstractReal properties acquired for the so-called public purpose, such as road investments, generate a one-off financial indemnity in the form of compensation paid to the expropriated owner. Due to the different possible modes of expropriation (pursuant to the Real Estate Management Act or the Special Road Act), the amount of the compensation due may be determined in different ways, which entails a variety of results. The article compares the compensation levels determined in two possible procedures: basing on the predominant use of the adjacent areas or on data from the transactions of real properties intended for public roads.The conducted analyses demonstrated that the differences between these two types of compensation for land intended for development, established under two different expropriation procedures, are insignificant.

Journal

Real Estate Management and Valuationde Gruyter

Published: Dec 1, 2017

References