Does Flood Affect Property Values? A Hedonic Analysis of Residential Property Values in Peninsular Malaysia

Ismail, Nur Hafizah; Karim, Mohd Zaini Abd; Basri, Bakti Hasan

doi:10.32890/jbma2014.4.0.8875

Cited by 2 publications

(1 citation statement)

References 25 publications

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“…It is challenging to make judgments about land management and to plan and implement strategies to prevent and minimize the economic harm caused by soil erosion and landslide phenomena, as well as the absence of methodological ways to analyze landslide-induced damage.. Only a few studies take into account landslide as a factor, and there is a dearth of literature on the hedonic pricing model (HPM) and its use in property research [28][29][30][31][32][33] . Due to the lack of research in this area, it is important to look into how landslide affect Indonesia's real property price and how ready customers are to pay for landslide protection measures.…”

Section: Introductionmentioning

confidence: 99%

Measuring the economic impact of landslide hazard: hedonic price approach

Saptutyningsih

Dewanti

2023

IOP Conf. Ser.: Earth Environ. Sci.

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One of the main climate-related disasters in Yogyakarta, Indonesia, is landslides, which result in slope degradation through soil loss. The largest number of landslides was recorded in Kulonprogo regency. In the Samigaluh sub-district, where recent landslides resulted in the biggest number of displaced persons, this study seeks to determine the economic impacts of landslides. For this investigation, we used primary data gathered using a questionnaire. The systematic random sampling was utilized to choose households in the villages. The study uses a total of 300 residential households that were interviewed in landslide prone area of Samigaluh sub-district of Kulonprogo, Indonesia. The age of building, number of rooms, and building size as structural characteristic has correlation with property price, respectively. As shown by the hedonic pricing approach’s finding, there is a positive association between property price and the distance to landslide point as characteristic of neighborhood. The distance to the river was also have impact on the property price. More frequent the landslide, higher the property price. The findings of this study can assist property owners in understanding the elements that contribute to property devaluation as a result of landslides. Since landslides are a serious issue for real property owners, this study also suggests that landslide insurance programs be developed.

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Section: Introductionmentioning

confidence: 99%

Measuring the economic impact of landslide hazard: hedonic price approach

Saptutyningsih

Dewanti

2023

IOP Conf. Ser.: Earth Environ. Sci.

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Unveiling housing preferences amidst flood risks: an empirical study in an emerging market

Nguyen,

Truong

2024

IJHMA

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Purpose This study investigates the interplay between flood risk, financial constraints and buyer behavior in the housing market. It aims to discern how flood experience influences housing choices, particularly among financially constrained buyers. Design/methodology/approach Using hedonic pricing models and probit analysis, this research examines the implicit prices of house characteristics and evaluates the determinants of housing choices, considering factors such as flood risk, financial status and past flood experience. Findings The study underscores that lower house prices incentivize buyers to opt for homes in flood-prone areas, thereby increasing their vulnerability to flood risks. Consequently, financial constraints exacerbate this situation, compelling low-income buyers to accept higher flood risks. However, flood experience fosters risk awareness among buyers, encouraging them to steer clear of flood-prone areas, albeit with lesser efficacy among financially constrained individuals. Originality/value This research contributes to the understanding of how flood risk and financial limitations shape housing decisions. It highlights the role of flood experience in influencing buyer behavior and emphasizes the need for targeted policies to mitigate flood-related risks in the housing market, particularly among economically vulnerable populations.

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Does Flood Affect Property Values? A Hedonic Analysis of Residential Property Values in Peninsular Malaysia

Cited by 2 publications

References 25 publications

Measuring the economic impact of landslide hazard: hedonic price approach

Measuring the economic impact of landslide hazard: hedonic price approach

Unveiling housing preferences amidst flood risks: an empirical study in an emerging market

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