| dc.description.abstract | The real estate sector is considered as one of the big players in the economic growth
and development of a country contributing between 6.9% – 18.5% to its GDP (Acolin et al., 2021).
Like any other sector, real estate suffers from many challenges and threats arising from natural
hazards like floods which have caused far-reaching impacts on the economies worth trillions of
dollars and millions of deaths worldwide (Committee on Climate Change, 2015; FAO, 2015).
Flooding, which is usually influenced by heavy rains, overflowing rivers, urban drainage basins,
storm surges and tsunamis, channels with steep sides, and lack of vegetation can be considered as
one of the serious threats to real estate (Savills, 2016). In Uganda, flooding presents one of the
largest hazard components nearly impacting 50,000 people and over $62 million in GDP mostly
common in the areas Kampala, and the northern and eastern areas of the country (World Bank
Group, 2021). The country experiences flash floods and slow-onset floods which are common in
urban areas, low-lying areas, areas along riverbanks and swamplands. Flooding which is measured
as largely negatively affect the real estate market worldwide and it is catered for as a discount on
a given valuation date (Sprengnetter, 2012). With the increasing water level of Lake Victoria and
its tributaries as well as the increased rainfall intensity in many regions in Uganda, flooding poses
a substantial and growing threat to residential and commercial property values in Kampala as well
as the entire real estate economy in Uganda.
Methodology: This study set out to ascertain how flood hazard can be used to improve valuation
assessment in Uganda. A direct processing approach using GIS and Analytical Hierarchy Process
(AHP) approach were used to achieve the study objectives.
Results: The study results show that a flood hazard map for Kampala and two different options
for utilizing the flood hazard map during valuation assessment were developed and valuers make
consistent, logical and reliable opinion in as far as flood hazard is concerned on a given property.
Recommendations: According to the results, further research to ascertain the percentages that
would guide valuation professionals when valuing properties located in areas with different flood
hazard susceptibility levels; inclusion of a layer with NEMA boundaries onto the flood hazard
map; investigations on the susceptibility levels of properties which are not located along a water
source but are likely to flood as a result of human activity; the ISU website to host the map for
onward public utilization, were the different recommendations made to this study. | en_US |
