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Valuation for compensation practices in Kenya: an evaluation
Property Management ( IF 1.1 ) Pub Date : 2021-04-29 , DOI: 10.1108/pm-09-2020-0058
Erastus Kiita Museleku

Purpose

The purpose of this paper is to evaluate the practices for valuation for compensation purposes in Kenya.

Design/methodology/approach

A qualitative survey design was used to sample the registered valuers using questionnaire/telephone interviews, in addition to review of some policy and legal documents. Content analysis and descriptive statistics was used to analyse the data.

Findings

The study revealed that the most ignored asset losses in valuation for compensation purposes in Kenya are assets of persons without legally recognizable rights, common property resources and social capital, among others, due to the existing legal provisions. Additionally, valuers often fail to apply the appropriate valuation concepts and methods.

Research limitations/implications

The findings of the study are specific to Kenya since valuations for compensation purposes are statutory in nature and hence the applicable legal frameworks are unique to a specific country, although professionalism issues cut across.

Practical implications

The study may help professional valuers to update their knowledge and apply the right valuation concepts and methods, and also help policymakers to review their policies appropriately to match the best practices.

Social implications

The findings of the study, if implemented, are likely to enhance acceptability of compensation amounts hence improving the working relationships between the public project implementers and the project affected persons, to the benefit of the both parties.

Originality/value

The study is of value to professional valuers, policymakers and land acquiring agencies to be more vigilant and professional in the process of acquiring interests in land.



中文翻译:

肯尼亚补偿实践的评估:评估

目的

本文的目的是评估肯尼亚为补偿目的进行估价的做法。

设计/方法/方法

除了审查一些政策和法律文件外,还使用定性调查设计通过问卷调查/电话访谈对注册估价师进行抽样。使用内容分析和描述性统计来分析数据。

发现

该研究表明,由于现行法律规定,肯尼亚在以赔偿为目的的估值中最容易被忽视的资产损失是没有法律认可权利的人的资产、共同财产资源和社会资本等。此外,估值师通常无法应用适当的估值概念和方法。

研究限制/影响

该研究的结果是针对肯尼亚的,因为补偿目的的估值本质上是法定的,因此适用的法律框架对于特定国家来说是独一无二的,尽管专业问题是交叉的。

实际影响

该研究可以帮助专业估价师更新他们的知识并应用正确的估价概念和方法,还可以帮助政策制定者适当地审查他们的政策以匹配最佳实践。

社会影响

研究结果如果得到实施,可能会提高补偿金额的可接受性,从而改善公共项目实施者与项目受影响人之间的工作关系,使双方受益。

原创性/价值

该研究对于专业估价师、政策制定者和土地收购机构在获取土地权益的过程中更加警惕和专业具有价值。

更新日期:2021-07-08
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