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The Impact of Flooding on Property Values

Journal: IMPACT : International Journal of Research in Business Management ( IMPACT : IJRBM ) (Vol.7, No. 12)

Publication Date:

Authors : ;

Page : 17-22

Keywords : Flooding; Property Values; Recreational Environments;

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Abstract

This study reviewed existing literature on the impact of flooding on property values. The review found that flooding impacts property values negatively. However few studies revealed a positive impact. A flooded property is a risk to the occupier and investor. The study concludes that flooding is a negative externality to property investment. The study recommends that floods prone areas should be upgradedto ameliorate the negative impact on property values and environment.

Last modified: 2020-02-12 22:05:36