Quantifying non-monetary value attributes of property investment: Implication on investors’ decision-making in flood risk areas
Abiodun Kolawole Oyetunji et al.
What the paper says
Quantifying non-monetary value attributes of property investment: Implication on investors’ decision-making in flood risk areas Risk perceptions have a crucial role in influencing people's decisions to adapt to environmental threats. Various outcomes have been achieved by diverse studies that have examined the implication of flood risk on property investment. This present study quantifies three themes (usability, desirability, and marketability) that revolve around non-monetary value attributes of property investment and assesses how their perceptions by property investors could sharpen investment behaviour in areas at risk of flooding. The study areas selected for the investigation were Ikorodu and Ibeju Lekki, an area that is mostly sought-after in Lagos, Nigeria. Data was collected through the distribution of questionnaires administered to the respondents within the study location. Findings from the survey indicate a general agreement on the impact of each thematic factor on property investments vulnerable to floods. Among the statements put forward, the appeal of owning or renting houses in flood-prone areas significantly influences investors' choices. Surprisingly, the study also discovered that these investors exhibited a very low degree of trust and confidence in insurance operations within the study location.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.