The Delphi method to identify attributes for a valuation approach for residential property exposed to flood risk
ISSN: 0263-7472
Article publication date: 4 August 2021
Issue publication date: 7 February 2022
Abstract
Purpose
This study is aimed to identify the attributes for a valuation approach of flood risk exposure, in particular for residential property. With frequent flood events in Malaysia, there is a need for valuation methods to evolve and represent the increased risk of natural disasters.
Design/methodology/approach
This study employed the Delphi method which is a systematic and interactive research technique in obtaining variables for a valuation approach for residential property exposed to flood risk.
Findings
Results from the Delphi method revealed four categories of attributes, namely environmental, locational, structural and economical.
Originality/value
The findings from this research will transform the valuation approach in Malaysia to identify the value of residential property exposed to flood risk. The determination of variables will represent the current risk in valuations, especially for residential property in flood-prone areas.
Keywords
Citation
Zulkarnain, S.H. and Razali, M.N. (2022), "The Delphi method to identify attributes for a valuation approach for residential property exposed to flood risk", Property Management, Vol. 40 No. 1, pp. 62-82. https://doi.org/10.1108/PM-10-2020-0067
Publisher
:Emerald Publishing Limited
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