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Floods and Residential Property Values: A Hedonic Price Analysis for the Netherlands

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Abstract:

The central question addressed in this article is whether floods have an impact on residential property values. In the Netherlands floods of the Meuse river in 1993 and 1995 had negative effects on prices of the houses that were affected; specifically a decrease of about 9 per cent. An analysis of sales in municipalities along the river during the decade after this period reveals that this price decrease has been permanent. We also find countervailing effects related to water: a location close to the water has an upward effect on property values of up to 3 per cent.

Document Type: Research Article

DOI: https://doi.org/10.2148/benv.35.4.563

Publication date: 2009-12-07

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  • Built Environment is published quarterly in March, June, September and December. With an emphasis on crossing disciplinary boundaries and providing global perspective, each issue focuses on a single subject of contemporary interest to practitioners, academics and students working in a wide range of disciplines. Issues are guest-edited by established international experts who not only commission contributions, but also oversee the peer-reviewing process in collaboration with the Editors.

    Subject areas include: architecture; conservation; economic development; environmental planning; health; housing; regeneration; social issues; spatial planning; sustainability; urban design; and transport. All issues include reviews of recent publications.

    The journal is abstracted in Geo Abstracts, Sage Urban Studies Abstracts, and Journal of Planning Literature, and is indexed in the Avery Index to Architectural Publications.

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