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Communication Dans Un Congrès Année : 2017

The effect of flood risk information on property values

Résumé

The paper examines the effect of location in a flooding zone on property prices inthe Ile de France region in France over the period 2002 to 2012. We use unique dataon property transactions from a major European city exploiting the different datesof implementation of special risk zoning regulation as well as the date of implemen-tation of compulsory information disclosure. Using an identification strategy basedon a spatial difference-in-difference specification, the preliminary results indicate thatonce the regulatory zone (PPRi) has been prescribed, the transaction prices for flatsdecrease by approximately 6% in areas that are part of a PPRi at the time of theprescription. No statistically significant effect is found on house prices.
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Dates et versions

hal-02048628 , version 1 (25-02-2019)

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  • HAL Id : hal-02048628 , version 1

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Emmanuelle Lavaine. The effect of flood risk information on property values. 23rd Annual Conference of the European Association of Environmental and Resource Economists, Jun 2017, Athènes, Greece. ⟨hal-02048628⟩
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