An introduction to compulsory purchase valuation principles spanning 150 years

David Vaughan and Lucy Clements Smith

Journal of Building Survey, Appraisal & Valuation, 2014, vol. 3, issue 2, 184-189

Abstract: Compulsory purchase compensation law is an enormously complex, increasingly specialist, but very relevant area of law. It is an area of law that is unfortunately not well understood. With major public projects such as HS2 on the horizon, Members of Parliament and local councillors have had to engage with compulsory purchase concepts that have been in urgent need for reform for some time. The widespread application of compulsory purchase principles as a result of the enormous HS2 project is unprecedented. It is hoped that, whilst compulsory purchase has the attention of so many MPs, that the Government will at long last consider some of the reforms suggested by the Law Commission in its excellent report.

Keywords: compulsory purchase; valuation; Rule 2; Rule 6; Land Compensation Act; No Scheme World Valuation. (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2014
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