eprintid: 4027
rev_number: 6
eprint_status: archive
userid: 1
dir: disk0/00/00/40/27
datestamp: 2022-09-06 14:55:37
lastmod: 2022-09-06 14:55:37
status_changed: 2022-09-06 14:55:37
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Charalambides, D.
creators_id: S4733215
creators_email: demischaralambides@gmail.com
title: How are floating houses priced in relation to comparable on-land  housing? Evidence from Portland, USA
ispublished: unpub
full_text_status: public
abstract: This study examines price differentials amongst comparable floating and nearby on-land 
housing in Portland, USA using properties’ sales prices within 2019-2022. Finding a difference 
in the pricing of the two housing types can reflect how consumers perceive residing in a floating 
house compared to on-land housing. Considering the zoning constraints, the insufficient 
housing construction and the existing flooding-risk in Portland, understanding consumers’ 
willingness to reside in a floating house can be useful for the residential real estate industry.
This study may indicate whether unsinkable floating houses are a viable residential alternative
to traditional housing, based on the magnitude of the price differential between on-land and 
floating housing. We employ a hedonic regression focusing on a binary variable that compares 
the impact of the floating status relative to on-land housing on sales prices. We find that floating 
houses are on average sold at lower prices compared to houses on land, whilst controlling for 
property characteristics, location and time effects. Future research may examine price 
differences between the two housing types in areas entailing greater housing consumption risk 
compared to Portland.
date: 2022
pages: 51
thesis_type: master
degree_programme: VG
tutors_name: Vlist, A.J. van der
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: A.J.van.der.Vlist@rug.nl
security: public
keywords_local: Real Estate
keywords_local: Floating houses
keywords_local: Consumption Risk
keywords_local: Unsinkability
keywords_local: Portland
language_iso: en
date_issued: 2022-09-05
citation:   Charalambides, D.  (2022) How are floating houses priced in relation to comparable on-land housing? Evidence from Portland, USA.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/4027/1/Master%20Thesis%20RES%20Final%20-%20Demetrios%20Charalambides%20%20%28s4733215%29.pdf