House raises land expropriation pay by 20 percent
The Parliamentary Committee approved an amendment to Article 28 of the Real Estate Ownership Law, increasing the compensation rate for compulsory expropriation of a property or its rights to a maximum of 20% of either the administrative value or the average of the last three sales of the same property or neighboring properties, whichever is higher. The aim of this amendment is to establish a more equitable compensation value, taking into account factors that influence the property's worth, such as shape, size, and type, provided that the evaluation does not exceed one year from the date of expropriation. This change came following a parliamentary proposal and was approved by the Legal Committee and the government.
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