IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2009_169.html
   My bibliography  Save this paper

The Development of Compulsory Purchase - A Legislative View Point and Market Expectations

Author

Listed:
  • Kaarel Sahk
  • Kalev Sepp

Abstract

"During the ownership reforms in Estonia as in all the Baltic States the growing importance of real estate appraisals is followed. The process of appraisal procedure is frequently connected with the current need to use of land i.e. property owned by private owner in the other purposes than it ìis acceptedî or ìas it isî In many situations this approach lead the market participants to the compulsory transaction of the property so as the former owner cannot use the land conveying its highest and the best use. In the similar situations the impossibility do not convey the highest and the best use first of all rises from the legally and/or designed and mapped and this way authorized public need to use of the property other way, commonly in the way that is not the highest and the best use of it. It is evidential that the owner needs a satisfaction for the changes in use and in the ownership of the property. Also is evidential the fact that the measurement in money of the compulsory transaction is the best way to solve it, if we are able to estimate the right amount of the compensation for it turned into money. Current paper tries to answer to above named positions in the contest of the current legal and real estate market situation in Estonia and to give most likely connections with international approaches as well.""

Suggested Citation

  • Kaarel Sahk & Kalev Sepp, 2009. "The Development of Compulsory Purchase - A Legislative View Point and Market Expectations," ERES eres2009_169, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2009_169
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2009-169
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2009_169. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.