Expropriation is used in cases where negotiations for voluntary transfer of land do not produce a result. Expropriation is carried out in accordance with the Immovable Expropriation Act.
After an expropriation decision is made, the property in question is subject to individual valuation in accordance with the “Procedure of Individual Valuation of Land”. Individual valuation is performed by the land valuator, licensed by the Land Board, in cooperation with the local enforcement officer, and the valuation is carried out as at the moment of passing the expropriation decision. ERI Kinnisvara holds a land valuator’s activity licence, issued by the Land Board.