The Impact of Flooding on Property Values
Journal: IMPACT : International Journal of Research in Business Management ( IMPACT : IJRBM ) (Vol.7, No. 12)Publication Date: 2019.12.31
Authors : Ebiwari Wokekoro;
Page : 17-22
Keywords : Flooding; Property Values; Recreational Environments;
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.
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