September 12, 2025Property Management

Valuation of the economic impact of a disaster event

View Full Paper

Ask AI

Bookmark

Authors

MRMuhammad Najib RazaliUniversity of Technology Malaysia KAKamalahasan AchuUniversity of Technology Malaysia

Discussion

Member takes

Implication

This analysis explores the impact of environmental disasters on property values, suggesting improved assessment techniques through spatial econometric modelling.

Key Points

Environmental disasters caused direct and indirect devaluation of properties, averaging losses between RM 13,500 and RM 60,500.
Market losses in high-impact zones totalled RM 12-18 million, highlighting significant economic consequences for property values.
A spatially explicit hedonic pricing model identified critical factors, such as proximity to hazards and media coverage, impacting property values.
Integration of perception-based variables with spatial econometric modelling bridges valuation standards with local market conditions.

Cite This Study

Razali et al. (2025) studied this question.

synapsesocial.com/papers/68d41c02713b0b5dfea656c6 https://doi.org/10.1108/pm-05-2025-0075

View Full Paper

Ask AI

Bookmark

Implication

This analysis explores the impact of environmental disasters on property values, suggesting improved assessment techniques through spatial econometric modelling.

Valuation of the economic impact of a disaster event

Discussion

Member takes

Implication

Key Points

Cite This Study

Valuation of the economic impact of a disaster event

Discussion

Member takes

Implication

Key Points

Cite This Study

Also Consider

Also Consider