SPECIFIC ISSUES REGARDING THE EVALUATION OF REAL ESTATE SUBJECT TO EXPROPRIATION FOR THE CAUSE OF PUBLIC UTILITY

In the last 20 years, the road infrastructure in Romania has expanded considerably and affected a significant number of natural and legal persons, owners of real estate located on the expropriation corridor. According to the Rejust database, in the last 10 years, annually, on average, approximately...

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Veröffentlicht in:Revista de Studii Financiare Jg. 9; H. Special; S. 238 - 248
Hauptverfasser: Tanasă, Florentin-Emil, Nuță, Florian Marcel
Format: Journal Article
Sprache:Englisch
Veröffentlicht: Institutul de Studii Financiare 05.11.2024
Schlagworte:
expropriation
fair value
real estate offers and transactions
valuation
valuation standards
ISSN:2537-3714, 2559-1347
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Abstract In the last 20 years, the road infrastructure in Romania has expanded considerably and affected a significant number of natural and legal persons, owners of real estate located on the expropriation corridor. According to the Rejust database, in the last 10 years, annually, on average, approximately 4,000 files were created before the courts with expropriation as their object. In this article, we propose to present the legislative framework and particularities of the evaluation process of real estate properties subject to expropriation for reasons of public utility. The importance and actuality of such a theme was generated by the very large number of cases pending before the courts as a result of the dissatisfaction of the owners of buildings subject to expropriation for public utility reasons regarding the amount of compensation values granted. Also, at the level of the courts, there is a non-uniform practice regarding the method of drawing up evaluation reports. The study aims to review the procedures related to public interest expropriation and to create the premises for future research in the field.
AbstractList In the last 20 years, the road infrastructure in Romania has expanded considerably and affected a significant number of natural and legal persons, owners of real estate located on the expropriation corridor. According to the Rejust database, in the last 10 years, annually, on average, approximately 4,000 files were created before the courts with expropriation as their object. In this article, we propose to present the legislative framework and particularities of the evaluation process of real estate properties subject to expropriation for reasons of public utility. The importance and actuality of such a theme was generated by the very large number of cases pending before the courts as a result of the dissatisfaction of the owners of buildings subject to expropriation for public utility reasons regarding the amount of compensation values granted. Also, at the level of the courts, there is a non-uniform practice regarding the method of drawing up evaluation reports. The study aims to review the procedures related to public interest expropriation and to create the premises for future research in the field.
Author Tanasă, Florentin-Emil
Nuță, Florian Marcel
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10.9734/ajess/2020/v8i230217
10.1108/ijdrbe-08-2012-0024
10.1108/17539261111183425
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10.1177/21582440231215983
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StartPage 238
SubjectTerms expropriation
fair value
real estate offers and transactions
valuation
valuation standards
Title SPECIFIC ISSUES REGARDING THE EVALUATION OF REAL ESTATE SUBJECT TO EXPROPRIATION FOR THE CAUSE OF PUBLIC UTILITY
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