A VALUATION REPORT FOR ESTIMATING A FAIR PRICE
Notice of prior occupation of land or economic activity by the government is the prelude to a complex process for determining the value of the properties concerned and the fair price to be paid for them
In the event of disagreement, owners and public agencies would be facing a process that can take several years. Knowing precisely the starting value of the assets, properties and affected rights, the compensation that can be claimed and what the chances of success are for an appeal are vital points when optimising a financial investment that involves a process such as this.
WHO IS IT FOR?
NATURAL OR LEGAL PERSONS
WHO ARE OWNERS OF LAND AFFECTED BY AN EXPROPRIATION IN FEE SIMPLE, EASEMENT OR TEMPORARY OCCUPATION. ALSO INDIVIDUALS OR COMPANIES INVOLVED IN THE OCCUPATION OF INDUSTRIAL OR COMMERCIAL ACTIVITIES.
1. THE SITUATION. A company from La Mancha was affected by an expropriation process stemming from construction of the AVE high-speed rail to Valencia. The government made the company an offer, but it was not in agreement. It contacted Tinsa.
2. OUR SERVICES. Tinsa analysed the proposal and performed a prevaluation of the property’s expropriation. The evaluation concluded that the offer by mutual agreement proposed by the government could clearly be improved: Tinsa demonstrated that the value could be doubled. It explained its conclusion to the client and offered its services to perform the task.
3. THE RESULT. After two years of administrative proceedings, the Regional Expropriation Jury recognised a fair price value of 50% higher than that originally proposed by the government. Our fees totalled less than 1% of the amount of the improvement obtained thanks to our work.