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Ekonomia

The process of property compensation changes, here is how the value of the benefit will be calculated, including the inflation rate

The process of property compensation changes, here is how the value of the

The Property Treatment Agency has started implementing a new property compensation scheme. The Strasbourg court has left a number of tasks to the Property Agency regarding compensation, which must be implemented within this year and among them is the compensation of not less than 10% of the total value of the property, which has not been given the right decision. . Meanwhile, it is not only that, the Property Treatment Agency is obliged to index as much as the base inflation rate for the value of compensation. According to the data of the Agency, the indexation based on the inflation rate will start from the moment when the owner completes the application for reconsideration of the decision until the moment when the compensation for it is concluded. “Compensation decisions that will be executed will be indexed with the interest rate from the moment of completing the documentation until the moment of execution. Each final decision will be recalculated by giving the indexation of the interest rate from the moment of completing the documentation according to the form until the moment of execution. So, every compensation decision, in addition to the revaluation with a minimum of 10% of the real value, will be indexed with the inflation rate from the moment of its receipt ", explains ATP. Specifically, based on the inflation rate today, the owners will be indexed with 1.9% of the value of the compensation until the moment they will receive the final compensation. Each final decision will be recalculated by giving the indexation of the interest rate from the moment of completing the documentation according to the form until the moment of execution. So, every compensation decision, in addition to the revaluation with a minimum of 10% of the real value, will be indexed with the inflation rate from the moment of its receipt ", explains ATP. Specifically, based on the inflation rate today, the owners will be indexed with 1.9% of the value of the compensation until the moment they will receive the final compensation. Each final decision will be recalculated giving the indexation of the interest rate from the moment of completing the documentation according to the form until the moment of execution. So, every compensation decision, in addition to the revaluation with a minimum of 10% of the real value, will be indexed with the inflation rate from the moment of its receipt ", explains ATP. Specifically, based on the inflation rate today, the owners will be indexed with 1.9% of the value of the compensation until the moment they will receive the final compensation.

Here is how much they benefit

Inflation-based indexation is related to the ECHR request for compensation of more than 10% of property value for some decisions. Then the indexation leak will benefit those owners affected by the aforementioned decision. According to data published by the Property Treatment Agency, in total there will be review of decisions and additional indexation for over 10 thousand owners. “The Property Treatment Agency announces that within the 3-month period of 2021 the financial value has been calculated with its addition of 10% of the value according to the current cadastral item according to the recommendations of the ECHR. "From these changes, approximately 10,120 subjects will be affected and the initial value of the evaluation will be reviewed in order only to benefit more", it is said in the ATP announcement. Among other things, it is reported that, The financial bill that will benefit the owners the most is estimated at approximately $ 180 million. This financial added value remains and is covered within the total fund of 50 Million ALL provided in law no. 133 / 2015.2. On the other hand, the compensation decisions to be executed will be indexed with the interest rate from the moment of completing the documentation until the moment of execution. Meanwhile, other changes in the calculation of owners' compensation are expected to come based on the changes made last year by the Constitutional Court in some articles of the law on compensations. Compensation decisions to be executed will be indexed at the interest rate from the moment the documentation is completed until the moment of execution. Meanwhile, other changes in the calculation of owners' compensation are expected to come based on the changes made last year by the Constitutional Court in some articles of the law on compensations. Compensation decisions to be executed will be indexed at the interest rate from the moment the documentation is completed until the moment of execution. Meanwhile, other changes in the calculation of owners' compensation are expected to come based on the changes made last year by the Constitutional Court in some articles of the law on compensations.

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