Flooding risks and housing markets : a spatial hedonic analysis for La Plata city
Abstract: This study examines the impact of flood-hazards on residential land prices. The study use data from undeveloped parcels of land for sale during 2004 in La Plata, Argentina. A spatial hedonic model is developed to provide efficient estimates of the marginal effect of being located on a food...
Guardado en:
| Autores principales: | , , |
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| Formato: | Artículo |
| Lenguaje: | Español Inglés |
| Publicado: |
Asociación Argentina de Economía Política
2019
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| Materias: | |
| Acceso en línea: | https://repositorio.uca.edu.ar/handle/123456789/2325 |
| Aporte de: |
| Sumario: | Abstract: This study examines the impact of flood-hazards on residential land prices. The study use data from undeveloped parcels of land for sale during 2004 in La Plata, Argentina. A spatial hedonic model is developed to provide efficient estimates of the marginal effect of being located on a foodprone area on property prices. Results suggest significant property price discounting. The price of a parcel of land situated within a food-prone area is about 17.3 percent lower than an equivalent property outside those areas. |
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