REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURES
The purpose of this paper is to examine the existing real property valuation practice in case of expropriation in Ethiopia and to propose potential bases and approaches compatible to the Ethiopian real property system based on desk review research in which existing literature are the main source. Th...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EL-AYACHI
2019-09-01
|
| Series: | African Journal on Land Policy and Geospatial Sciences |
| Subjects: | |
| Online Access: | https://revues.imist.ma/index.php/AJLP-GS/article/view/14233 |
| _version_ | 1797341860149067776 |
|---|---|
| author | Habtamu Bishaw Asres |
| author_facet | Habtamu Bishaw Asres |
| author_sort | Habtamu Bishaw Asres |
| collection | DOAJ |
| description | The purpose of this paper is to examine the existing real property valuation practice in case of expropriation in Ethiopia and to propose potential bases and approaches compatible to the Ethiopian real property system based on desk review research in which existing literature are the main source. The paper found that, there is no standard and responsible institution for property valuation. As a result, valuation variation and valuation inaccuracies are common. Therefore, market value can be a potential base to real property valuation as it reflects the actual value of the property expropriated. Market and income approaches can be the potential methods to real property valuation. But discretion is given to the valuer to choose the appropriate method/s. The paper recommends the establishment of independent institution responsible for overall valuation activities including establishing standards and introducing valuation certification by considering the countries’ land tenure system. |
| first_indexed | 2024-03-08T10:25:10Z |
| format | Article |
| id | doaj.art-f69c95a92ab347ddb3a71cecd4fe4f24 |
| institution | Directory Open Access Journal |
| issn | 2657-2664 |
| language | English |
| last_indexed | 2024-03-08T10:25:10Z |
| publishDate | 2019-09-01 |
| publisher | EL-AYACHI |
| record_format | Article |
| series | African Journal on Land Policy and Geospatial Sciences |
| spelling | doaj.art-f69c95a92ab347ddb3a71cecd4fe4f242024-01-27T08:13:32ZengEL-AYACHIAfrican Journal on Land Policy and Geospatial Sciences2657-26642019-09-012310.48346/IMIST.PRSM/ajlp-gs.v2i3.14233REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURESHabtamu Bishaw Asres0Bahir Dar University, institute of Land AdministrationThe purpose of this paper is to examine the existing real property valuation practice in case of expropriation in Ethiopia and to propose potential bases and approaches compatible to the Ethiopian real property system based on desk review research in which existing literature are the main source. The paper found that, there is no standard and responsible institution for property valuation. As a result, valuation variation and valuation inaccuracies are common. Therefore, market value can be a potential base to real property valuation as it reflects the actual value of the property expropriated. Market and income approaches can be the potential methods to real property valuation. But discretion is given to the valuer to choose the appropriate method/s. The paper recommends the establishment of independent institution responsible for overall valuation activities including establishing standards and introducing valuation certification by considering the countries’ land tenure system.https://revues.imist.ma/index.php/AJLP-GS/article/view/14233Property valuationBasesApproachesEthiopia |
| spellingShingle | Habtamu Bishaw Asres REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURES African Journal on Land Policy and Geospatial Sciences Property valuation Bases Approaches Ethiopia |
| title | REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURES |
| title_full | REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURES |
| title_fullStr | REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURES |
| title_full_unstemmed | REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURES |
| title_short | REAL PROPERTY VALUATION IN EXPROPRIATION IN ETHIOPIA: BASES, APPROACHES AND PROCEDURES |
| title_sort | real property valuation in expropriation in ethiopia bases approaches and procedures |
| topic | Property valuation Bases Approaches Ethiopia |
| url | https://revues.imist.ma/index.php/AJLP-GS/article/view/14233 |
| work_keys_str_mv | AT habtamubishawasres realpropertyvaluationinexpropriationinethiopiabasesapproachesandprocedures |