Factors affecting decision-making in land valuation process using AHP: a case in the Philippines

Jannet C. Bencure, Nitin K. Tripathi, Hiroyuki Miyazaki, Sarawut Ninsawat and Sohee Minsun Kim

International Journal of Housing Markets and Analysis, 2021, vol. 15, issue 1, 188-202

Abstract: Purpose - The research aims to establish importance scheme of geospatial factors for land valuation activities that may serve as an eye-opener and aid the concerned government agencies in drafting land valuation policies and guidelines to achieve a sound land governance and administration. It specifically identifies and weighs geospatial valuation factors to establish their importance. Design/methodology/approach - The research involves discussions and survey questionnaires given to land experts (i.e. appraisers, environmental planners, land economist, geodetic engineers and assessors) who indicated their opinions on influence of geospatial factors on land value. The analytic hierarchy process (AHP) is then used to weigh the factors in terms of its importance. Findings - The result was then compared with the multiple regression analysis (MRA) taking into consideration the standardized regression coefficient of the 15 factors. The AHP method found out the major road accessibility and slope direction as the most and least influential factors, respectively, while surprisingly MRA found major road accessibility not significant atp

Keywords: Real estate; Analytic hierarchy process; Valuation; Appraisal; Multiple regression analysis; Multicriteria decision-making (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijhmap:ijhma-11-2020-0136

DOI: 10.1108/IJHMA-11-2020-0136

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