Assen, Daniël van (2024) Exploring the price dynamics of flood risk on the housing market: A meta-analysis approach. Master thesis.
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Abstract
The existing literature on the effect of flood risk on house prices produces inconsistent findings. The purpose of this paper is to analyze the various findings in the literature in order to determine the overall effect and explain the study-to-study variation. This is accomplished through conducting a meta-analysis of 14 relevant papers published between 2013 and 2023. A total of 191 extracted estimates demonstrate a price difference that extends from -84% to +41.4%. The analysis shows that flood risk discount is greatest shortly after a flood and diminishes over time. Houses in coastal floodplains command a premium due to a failure to separate the effect of being in a coastal floodplain from the amenities associated with it. Controlling for time elapsed since the most recent flood, study characteristics, and contextual factors, the meta-regression results reveal that a property in a 100-year inland floodplain is associated with a 4.7% price discount.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Vlist, A.J. van der |
| Date Deposited: | 02 Feb 2024 10:26 |
| Last Modified: | 12 Feb 2024 09:57 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4451 |
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