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Paper eres2011_334:
Implications of Rising Flood Risk for Residential Real Estate Prices and the Location of Employment

id eres2011_334
authors Chen, Yu; Fingleton, Bernard; Galster, George; Pryce, Gwilym
year 2011
title Implications of Rising Flood Risk for Residential Real Estate Prices and the Location of Employment
source 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
summary Flood risks are forecast to rise significantly across many parts of Europe, USA, and Asia. As the climate warms, sea levels will continue to rise and the water holding capacity of the atmosphere will increase exponentially. At the same time, the cost of building flood barriers will increase disproportionately with every additional centimetre of height. For many countries, these flood risks will be highly localised, however, and with strong spatial spillovers. This paper uses a unique dataset for 5 boroughs in London to develop a spatial econometric simulation model of the impacts of current and future flood risks on house prices and the location of employment. We consider the broader socio-economic implications of our results.
series ERES:conference
content file.ppt (3,583,488 bytes)
discussion No discussions. Post discussion ...
ratings
session D7: Housing Policies & Urban Renewal
last changed 2011/06/23 16:27
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