Real Estate Valuation Courts in East Jerusalem
with Dr. Uri Ansenberg
Minerva Center for the Rule of Law under Extreme Conditions
July 3, 2024 at 14:15-15:45
Hybrid event: Zoom and room 1013, Hamadrega building, University of Haifa
Abstract
The complex environment of Palestinian neighborhoods in occupied East Jerusalem, characterized by geopolitical instability, inconsistent Israeli planning regulations, and an underdeveloped mortgage market, presents unique challenges for real estate valuation. This lecture examines these challenges in detail, focusing on how appraisers navigate these obstacles through innovative methods such as referencing older arbitration verdicts and creating complementary databases. Additionally, the lecture examines the effects of implementing local and international real estate valuation standards in East Jerusalem, particularly in light of Israel’s recent attempt to adopt the International Valuation Standards into its local real estate market. This perspective highlights how these standards influence regional economic development and innovation, further enriching the discourse on real estate valuation in East Jerusalem by providing a deeper understanding of how legal and economic frameworks shape valuation practices and, as a result, the construction, and the organization of the urban environment.
Dr.Uri Ansenberg is a postdoctoral fellow at the Minerva Center for the Rule of Law Under Extreme Conditions. He is presently researching the role of real estate valuations in shaping and perpetuating the Israeli occupation in East Jerusalem. Prior to this, Dr. Ansenberg pursued his PhD at the University of Manchester, UK, where he conducted an ethnographic study examining the relationship between real estate valuations, urban planning, and management.
