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The state monopoly can be introduced in relation to cadastral real estate valuation.

DATE: May 12, 2016 | AUTHOR: atlawyers

The state monopoly can be introduced in relation to cadastral real estate valuation. It means that only state-budget institutions will have a right to carry out the cadastral valuation, and private appraisers will lose this right. In case of 30% and more reduction of real estate prices off-schedule cadastral valuation may be performed. The valuation result may be challenged in court by persons whose rights and responsibilities have been affected.

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