The impact of various geological factors on the real estate valuation using AHP analysis: case studies from Turkey

Abstract

Turkey’s diverse geology causes natural disasters that kill and damage towns every year. Population growth in unstable areas without geological variables in value studies endangers people and real estate. This study examines how geological factors affect house values, which are often overlooked in applications. The analytical hierarchy process (AHP) was used to analyze conventional parameters, geological factors, and priorities for three provinces in Turkey with unique geological properties in surface water, groundwater, active faults, and karstic collapse. The AHP analysis was performed in the Ankara–Cankaya district (Ilkbahar quarter), Bolu–Gerede district, and Konya–Karapinar district, test locations with unique geological properties in terms of surface water, groundwater, active faults, and karstic collapse in various regions of Turkey. Statistical software analyzed the test location survey data. The results show that surface water, groundwater, active faults, and karstic collapse all affect real estate value. The findings suggest that house valuation requires multidisciplinary building site investigations with appropriate methods. This reduces the risk of making unreliable decisions and eliminates uncertainties, resulting in reliable results. The geological factors that determine a house’s value are crucial to reducing disaster-related deaths and property damage.

Housing Transfer Inspection: What Are the Priorities?

“…In line with previous research recommendations [38][39][40][41], an AHP survey typically involves around 30 participants. Consequently, a total of 30 questionnaires were distributed, resulting in 27 valid responses.…”

“…This assessment is performed with the aim of ensuring acceptability, with a threshold of CR < 0.1. Following this protocol, the initial questionnaire was administered to 8 experts using a convenience sampling approach [38]. These experts collectively possess over 5 years of experience in relevant industries and hold various professional titles, including engineers, specialists, and department heads, spanning domains such as construction, third-party inspection associations, academia, and design practice.…”