Real Estate InsightsCompensation for compulsory acquisition – value vs worth
David Parker
(University of Reading Henley Business School, Reading, UK)
14
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
Citation
Parker, D. (2024), "Real Estate InsightsCompensation for compulsory acquisition – value vs worth", Journal of Property Investment & Finance, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JPIF-12-2023-0107
Publisher
:Emerald Publishing Limited
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