eprintid: 4061
rev_number: 4
eprint_status: archive
userid: 1
dir: disk0/00/00/40/61
datestamp: 2022-09-19 12:14:54
lastmod: 2022-09-19 12:14:54
status_changed: 2022-09-19 12:14:54
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Wilm, Charlotte
creators_id: S4472535
creators_email: charlottewilm@aol.com
title: The impact of flood risk on property prices
ispublished: unpub
full_text_status: public
abstract: This research analyzes the impact of flood risk on property prices on the example of Kingston-uponHull in the UK. Due to global warming, natural hazards have become a threat across the world and
Europe has been hit by multiples storms and flooding over recent years. Therefore, understanding the
various impacts of these hazards gained importance in order to adjust prevention and urban planning
of infrastructure and real estate. Based on a hedonic pricing model, I analyze the effect of two floods,
in June 2007 and December 2013, on the sales price of real estate property. For my research model I
use a sample of 115,157 real estate transactions from 2000-2021 in the Kingston-upon-Hull area. I
find evidence that the December 2013 flood had a significant negative impact on real estate property
prices (December 2013: -.168; p <.001), whereas there is no clear evidence on the consequences of the
June 2007 flood. I contribute to literature by advancing insights on the impact of natural hazards on
property prices, specifically investigating floods in isolation (vs. e.g., floods as part of a hurricane),
adding to a body of literature characterized by conflicting empirical results.
date: 2022
pages: 53
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: natural hazard
keywords_local: flood risk
keywords_local: hurricane
keywords_local: house prices
keywords_local: property prices
keywords_local: property discount
language_iso: en
date_issued: 2022-09-15
citation:   Wilm, Charlotte  (2022) The impact of flood risk on property prices.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/4061/1/MT-Impact%20of%20Flood%20risk%20on%20house%20prices_Charlotte%20Wilm_S4472535.pdf