Determination of Potential Damage to Represenatives of Real Estate Property in Areas Afflicted by Flooding

The article is aimed at identifying the basic approaches for assessing the economic efficiency of public projects and their application whilst assessing the efficiency of preventive anti-flooding measures. One of the important things when deciding about applying these measures is information on what value of real estate assets these measures protect and what level of potential damages they are able to prevent. Within the research assignment, therefore, the issue of property indicators in the area is dealt with, based on which the value of real estate assets in the area can be determined, and subsequently the amount of damage can be specified for when the area is hit by potential natural disasters (flood) by using damage curves processed for individual representatives of real estate property. This problem is solved in the “Procedures for supporting decision-making in the field of securing the stability of the area in terms of possible flooding” grant project No. 103/05/0016 with support of the Czech Science Foundation. More information about this methodology is on www.fce.vutbr.cz/ekr, the final report of this project will carried in February 2008 also on http://pala.gacr.cas.czJ.