Understanding compensation from the viewpoint of owners and users affected by projects: An assessment of selected land and water development projects in Turkey
Harun Tanrıvermiş, Yeşim Aliefendioğlu
It is noteworthy that real estate valuation studies and compensation calculation methods differ based on the purposes of real estate acquisition and especially owners have problems of perception regarding the concepts of “value” and “compensation” and that immovable value and compensation criteria deviate to a great extent. Methods used in valuation studies for real estate acquisition differ according to the types and kinds of real estate. Since real estate ownership and value are closely related to public order, methods and implementation principles to be used in real estate valuation for different purposes are clearly defined in constitution, laws, and secondary regulations in many countries. Valuation criteria vary depending on the methods used in real estate acquisition and expropriation processes and it becomes necessary to classify the type of real estate in the first place as land and land lot in the valuation study. Under the Law on Expropriation No. 6830 dated 1956, it was firstly necessary to determine the expropriation values of immovable properties as per the methods of income and market value. Then, under the Expropriation Law dated 1983 and numbered 2942, it has been made legally obligatory to determine the value of parcels in the form of land lots based on “net income that the immovable or source can bring according to the position and conditions of the source and as it is used” and to conduct valuation procedures of parcels that have gained the quality of land lot based on the “non-special-purpose precedent transaction value before the expropriation date (comparative sales analysis method)”.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
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