Real Estate InsightsCompensation for compulsory acquisition – value vs worth

David Parker

Journal of Property Investment & Finance, 2024, vol. 42, issue 3, 315-320

Abstract: Purpose - To explore value vs worth in the context of compulsory acquisition. Design/methodology/approach - Analysis of statutory environment within the context of valuation theory. Findings - Value and worth could be reconciled by redefining special value in Act. Research limitations/implications - Public policy amendment. Practical implications - Public policy amendment. Social implications - Facilitate just compensation. Originality/value - Topical issue in New South Wales, where massive compulsory acquisition programme underway to facilitate infrastructure development.

Keywords: Market value; Valuation; Compulsory acquisition; Normative definition; Positive definition; Special value (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpifpp:jpif-12-2023-0107

DOI: 10.1108/JPIF-12-2023-0107

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