Department of Land Economy reposted this
In our newly published paper in #EcologicalEconomics, Floris Blok and I explore how localised natural hazards—such as flooding, landslides, avalanches and debris flow—affect rental rates. Using a unique dataset from Switzerland, we find that: · Rents in flood-prone areas are 1.4-1.8% lower compared to unaffected locations which may come as a surprise since the loss in asset value typically impacts the property owner, not the tenant. · This rental discount could reflect tenants' concerns about potential disruptions or risks to their health in the event of a flood. · When it comes to gravitational hazards (such as landslides), the evidence is less clear. This may be due to these events being less frequent compared to water-related damage, leading to less concern from renters. Click here for the full paper (Open Access):
Architecture, sustainability, asset, facility and energy management, architectural photography, Participatory Design
1wFloods and fires dont know or care if one a landlord or tenant.