Natural Disasters, Externalities, and Real Estate Prices
Natural Disasters, Externalities, and Real Estate Prices
Author(s): Michał GłuszakSubject(s): Business Economy / Management, Socio-Economic Research
Published by: Fundacja Uniwersytetu Ekonomicznego w Krakowie
Keywords: natural disasters; earthquake; flood; real estate prices; hedonic models; literature review
Summary/Abstract: In the article the Author addresses the nexus between selected natural disasters and real estate prices. In particular, the paper focuses on two natural disasters – earthquakes and floods. The author reviews state-of-the-art empirical research on the impact of those two hazards on real estate prices, mostly focusing on recent studies. Within this selective review, major themes are identified, and major conclusions are drawn. In the concluding part of the paper, the theoretical framework is discussed and evaluated.
Journal: Świat Nieruchomości
- Issue Year: 4/2018
- Issue No: 106
- Page Range: 65-72
- Page Count: 8
- Language: English
