Scholarly record
ACQUISITION AND EXPROPRIATION OF REAL ESTATE FOR THE PUBLIC BENEFIT IN THE CZECH REPUBLIC
Abstract
Expropriation is a traditional and generally accepted way of property acquisition for the public benefit. In the Czech Republic, it is most often used for roads and energy infrastructure. It has recently been a favored tool for implementing measures to improve the environment and protect against natural disasters. Investors typically need several years to purchase or expropriate all the land required. This slows down the construction process. Every year of delay means a cost increase of approximately 5 %. My paper aims to examine the reasons for this situation. Firstly, the relevant laws are subject to far too frequent amendments. These changes lower the chances for an agreement between owners and investors by making it more difficult to assess whether a deal is profitable or not. I therefore consider them the biggest problem. Differences in land value as determined by experts during the expropriation procedure is also an issue. Last but not least, the relevant Czech laws allow for compensation only to be granted for the value of the real estate which is actually expropriated. However, owners rightfully ask for compensation for the depreciation of the remaining land, the loss of profit and the expropriation of the surrounding plots of land. Owners also often prefer to receive different plots of land in exchange for the land expropriated. Appropriate amendments of legislation could significantly improve the situation. In my paper, I will provide some recommendations in this respect and discuss them thoroughly.
Publication Impact Profile
- Captures
- Mendeley - Readers: 1
Publication details
ReferencesPending
Structured references will appear here after the reference import pass. The count is preserved now so the scholarly record is not incomplete.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
