2018/11/13 by Habtamu Bishaw Asres, Asres, Habtamu Bishaw
Economics, Econometrics and Finance · Environmental Science · Social Sciences · #Approaches #Bases #Ethiopia #Housing Market and Economics #Property valuation #Urban Planning and Valuation #Urban and Rural Development Challenges
paper · doi:10.48346/imist.prsm/ajlp-gs.v2i3.14233
openalex publication_date 2018/11/13 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/07
The purpose of this paper is to examine the existing real property valuation practice in case of expropriation in Ethiopia and to propose potential bases and approaches compatible to the Ethiopian real property system based on desk review research in which existing literature are the main source. The paper found that, there is no standard and responsible institution for property valuation. As a result, valuation variation and valuation inaccuracies are common. Therefore, market value can be a potential base to real property valuation as it reflects the actual value of the property expropriated. Market and income approaches can be the potential methods to real property valuation. But discretion is given to the valuer to choose the appropriate method/s. The paper recommends the establishment of independent institution responsible for overall valuation activities including establishing standards and introducing valuation certification by considering the countries’ land tenure system.