Consistency and Fairness of Property Valuation for Compensation for Land and Improvements in Zimbabwe

Paradza Partson (), Yacim Joseph Awoamim () and Zulch Benita ()
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Paradza Partson: Faculty of Engineering, Built Environment and Information Technology, University of Pretoria, South Africa
Yacim Joseph Awoamim: Faculty of Engineering, Built Environment and Information Technology, University of Pretoria, South Africa or Department of Estate Management and Valuation, Federal Polytechnic, Nasarawa, Nigeria
Zulch Benita: Faculty of Engineering, Built Environment and Information Technology, University of Pretoria, South Africa

Real Estate Management and Valuation, 2021, vol. 29, issue 4, 67-84

Abstract: Property valuation for compensation of expropriated properties in Zimbabwe has been characterised by inconsistencies for decades. Previous studies have noted that displaced people are dissatisfied with the compensation paid by the expropriating authority. Even though many academic works were done on expropriation and compensation in Zimbabwe, issues surrounding consistency in property valuation practices and fairness of compensation paid remain unresearched. Thus, the purpose of this paper is to close this gap. Data for this study were collected through primary sources (questionnaire surveys to members of the compensation committee, private property valuers, designated property valuers and former commercial farmers) and secondary sources (literature surveys including a review of statutes, official reports, books, journals, and newsletters). Findings reveal that there is inconsistency in property valuation for expropriation, no clear legal definition of what constitutes fair compensation, and that views on the fairness of the compensation paid for expropriated properties in Zimbabwe are divergent. The study suggests that there is a need to review existing expropriation and compensation laws in Zimbabwe to create consistency in practice, thereby improving the fairness in the amount of compensation paid to the displaced person(s).

Keywords: compensation; consistency; expropriation; fairness; Zimbabwe (search for similar items in EconPapers)
JEL-codes: Q15 Q51 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:29:y:2021:i:4:p:67-84:n:8

DOI: 10.2478/remav-2021-0030

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