Survey of Coastal Erosion on the Market Value of Coastal Real Estate: A Preliminary Study
Coastal erosion is a global problem affecting almost every country due to natural and human factors. Malaysia has a coastal zone of 4,809 kilometres, and it is estimated that the rate of coastal erosion has exceeded 30% of the length of the coastline. The problem of coastal erosion is becoming more...
| Published in: | JURNAL KEJURUTERAAN |
|---|---|
| Main Authors: | , , , , , |
| Format: | Article |
| Language: | Malay |
| Published: |
UKM PRESS
2024
|
| Subjects: | |
| Online Access: | https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001421957400021 |
| Summary: | Coastal erosion is a global problem affecting almost every country due to natural and human factors. Malaysia has a coastal zone of 4,809 kilometres, and it is estimated that the rate of coastal erosion has exceeded 30% of the length of the coastline. The problem of coastal erosion is becoming more critical as the coastline is a hotspot for humans to carry out various activities, and development activities are unproductive. Settlements were also destroyed by the sea and had to be displaced due to severe erosion in various countries. Various national studies have found that the most critical impact of coastal erosion is on property. Therefore, the objective of the research is to identify the effects of coastal erosion and, subsequently, to specialize the effects of coastal erosion on the market value of the property. Various findings of previous studies have shown that the negative impact of coastal erosion involves residential properties with apercentage decrease in the market value of property at a minimum rate of 1% to a maximum of 52%. The research uses qualitative methods as a research method for data collection. The qualitative data used is secondary data in the form of document analysis. The research begins by describing the issues and scenarios of coastal erosion, then a literature review is discussed consisting of coastal erosion information, coastal erosion effects, and the effects of coastal erosion on the market value of the property. This research is important for the benefits, understanding, and technical knowledge of the impact of coastal erosion on property value to property owners, real estate industry professionals, and other stakeholders. Further research is recommended to examine the factors influencing the market value of coastal erosion properties and identify the extent of the volatility of the market value of coastal erosion and non-erosion properties. |
|---|---|
| ISSN: | 0128-0198 2289-7526 |