ANALYSIS OF THE IMPACT OF COASTAL EROSION ON REAL ESTATE VALUE

Abstract

An analysis approach is needed that includes theoretical and implementation stages for estimating the devaluation suffered by coastal areas and real estate in these regions due to long-term coastal erosion. Monitoring coastal erosion and estimating its impact on real estate is crucial to ensuring the sustainability of economic development as well as protecting environmental, social, cultural and property values. Although serious studies have been carried out on the value estimate and factors that affect the value, which is very important for the real estate sector in the world, there has been no study examining the impact of coastal erosion on the value of real estate near the coast in the long term. In order to analyze the effects of erosion on the coastline selected in Karasu District of Sakarya Province, the effective wave direction was determined by analyzing the wind and wave climate of the region, the coastline changes occurring over the years on the selected coastline were examined, and the data obtained from the field and official institutions were examined taking into account the existing coastal legislation. As a result of the studies, an analysis approach was put forward and it was determined that coastal erosion would cause devaluation of real estate near the coast. It is thought that estimating value in coastal regions will make valuable contributions to the real estate sector, coastal sciences and sub-sectors.