Assessment of the Practice of Real Property Valuation for Expropriation Compensation: The Case of Bahir Dar City, Amihara, Ethiopia

Yirga, Tewachew

dc.contributor.author	Yirga, Tewachew
dc.date.accessioned	2021-02-09T07:10:29Z
dc.date.available	2021-02-09T07:10:29Z
dc.date.issued	2021-02-09
dc.identifier.uri	http://ir.bdu.edu.et/handle/123456789/11864
dc.description.abstract	Nowadays in Ethiopia property valuation is carried out for expropriation compensation purposes in addition to mortgage lending purposes. However the practice of real property valuation is not standardized, hence the affected people are raising their grievance on the amount of compensation they were paid for the loss of property. The objective of this study was to assess the practice of property valuation for compensation purposes. To achieve this objective the researcher used primary and secondary data sources. The kebele were the expropriation activity took place in 2010 and 2011were purposely selected for this study. All expropriated landholders were included in the questionnaire. For this study to analyze the data, descriptive statistics were used. According to the result of the study, the methods used to estimate the value of expropriated improvement property is the replacement cost approach. However, the vluers have not applied all procedures in a standard way; hence the valuation result is not consistent. The substituted land is not the same as the previous land due to differences in access to infrastructures and displaced people were not compensated for this locational value difference of the place they were in. When we compare the compensation paid and the estimated value using an income approach for the expropriated property, it has a difference. Even the government transfers the land through a lease system for the user in a large amount of birr by taking in a small amount of compensation from the farmer. As well, the government does not fully apply what the expropriation law says. According to the new proclamation, the compensation paid for the expropriated land is not enough when we compare the benefits get from the land for unlimitedly future generations. Generally, this study concludes that the paid amount of compensation to the affected people is not equivalent to the value of the expropriated property and the income approach is the appropriate valuation method to estimate the value. Finally, it has been recommended that it is necessary to apply the income approach to estimate the value of the expropriated property. The government should fully apply what the expropriation law says and the compensation should be calculated and paid in line with the legal framework, and the state should employ a graduate valuer.	en_US
dc.language.iso	en	en_US
dc.subject	LAND ADMINISTRATION	en_US
dc.title	Assessment of the Practice of Real Property Valuation for Expropriation Compensation: The Case of Bahir Dar City, Amihara, Ethiopia	en_US
dc.type	Thesis	en_US