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 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.

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Publication Details

Journal
Journal of Financial Studies
Published
2024-11-05
DOI
https://doi.org/10.55654/jfs.2024.9.sp.16
Primary Topic
Housing Market and Economics
Type
article
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article

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

Florentin-Emil Tanasă, Florian Marcel Nuţă
Journal of Financial Studies
Housing Market and Economics
article

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

Florentin-Emil Tanasă, Florian Marcel Nuţă
article en

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.

Journal of Financial StudiesVol. 9(Special)
Openalex Percentile: Top 75%
Housing Market and Economics
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SPECIFIC ISSUES REGARDING THE EVALUATION OF REAL ESTATE SUBJECT TO EXPROPRIATION FOR THE CAUSE OF PUBLIC UTILITY — Florentin-Emil Tanasă, Florian Marcel Nuţă · Journal of Financial Studies (2024) | TGRS Research Map | TGRS