Literature Review: How Does Water Play a Role in Forming Land Value?

Abstract

Abstract This research synthesizes the causality of water: the supply of clean water and water-related disasters in forming the land value. Water has a significant relation to real estate. For example, the developing design at the built area will take much investment value to supply its clean water individually. Secondly, the damaged property caused by water-related disasters will make much value to invest in repairs. In other words, the considerable investment will take a role in it. This research uses a qualitative method by synthesizing literature reviews of water-related disasters, clean water supply, and property. This research found that the previous researchers correlated water-related disasters, clean water supply, or quality to property, respectively. However, no research has examined all the water’s roles to property in our knowledge. Therefore, there is a suggestion for further research to prove this research using the quantitative method to relate the water’s roles and land value.