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وكالة الانباء الاردنية
Al‐Awad: Real Estate Law Revisions Aim for Fair Compensation
The Minister of Political and Parliamentary Affairs, Abdel Moneim Al-Usdats, clarified that the proposed amendments to the Real Property Law aim to achieve greater justice in the valuation of compensation for expropriated properties. He emphasized that the new law relies on clear criteria such as the property's size, type of development, location, facades, and other factors that influence the property's value, with a provision to update the data within one year. It also stipulates using either the administrative price or the value based on registered sales transactions, with a 20% margin to ensure fairer compensation. This reflects the government's and Parliament's efforts to improve the judicial compensation mechanism and ensure the rights of expropriated property owners are protected more equitably.
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