AQW 17818/17-22 Written question to the Minister of Finance

To ask the Minister of Finance, pursuant to AQW 17047/17-22, how Land and Property Services calculated valuations for plots of land at Portavoe Reservoir.

Asked by Andrew Muir MLA on 22 April 2021

  • Answered
  • Written
  • Priority
Tabled
22 April 2021
Answer due by
28 April 2021
Answered
26 April 20214 days after tabling
Department
Department of Finance
Priority question
Yes

Answer

The valuations for the plots of land reflect the physical nature of the site itself and obligations transferring with ownership, and were assessed by comparison to open market sales of similar property types that were former NI Water properties.

Official sources