Government on Compensation for Building Restrictions

The Council of Ministers issued a resolution establishing the system for the Compensation Evaluation Committee regarding the prohibition of licensing for demolition or additions to buildings and structures of distinguished architectural style, in accordance with Law No. 144 of 2006. The purpose of the resolution is to regulate the submission of compensation claims by the owners of these buildings and to define the evaluation criteria, which are based on the difference in market value of the property whether it is registered as a building of a distinguished style or not. The committee will hold monthly meetings, with real estate valuation experts assessing the compensation amount, which may be either for expropriation or for restrictions on demolition or addition. It also allows for the full value to be recovered within six months or in installments with interest. The resolution aims to preserve architectural heritage and to develop the registration system and incentives for owners, who have the right to appeal within sixty days of the committee’s decision.

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