Revised mapping of flood zones: QPAREB voices concerns about impacts on the real estate market – The Manila Times

The Quezon City Property Appraisers and Real Estate Brokers (QPAREB) has expressed concerns about the revised mapping of flood zones and its potential impacts on the real estate market. The organization is worried about how these changes will affect property values and transactions in flood-prone areas. The QPAREB believes that the new flood zone designations may lead to decreased demand for properties in these areas, resulting in lower prices and difficulties in selling or renting out properties. This could have a significant impact on property owners, investors, and the overall real estate market in Quezon City. The QPAREB is calling for a thorough assessment of the revised flood zone maps to ensure that they accurately reflect the risks and to mitigate any negative consequences on the real estate sector.