RISK ASSESSMENT TECHNIQUES IN REAL ESTATE INVESTMENT: A CONCEPTUAL REVIEW

Abstract

The intrinsic existence of risk in Real Estate investment and often being less quantifiable, encourages to identify, and measure the associated risk to satisfy the expectations of an investment. Hence, choosing an appropriate technique is paramount. Many techniques have been applied in assessing the risk, yet no review has done. This paper aims to present a critical review of the risk assessment models and techniques, already applied. Details of 18 techniques, 12 other possible and applicable techniques and 02 models were used as data and reviewed chronologically. Results revealed that majority are qualitative and varied as per the different scenarios, thus applying a combination is recommended