EconPapers    
Economics at your fingertips  
 

Land Erosion and Coastal Home Values

Scott Below (), Eli Beracha () and Hilla Skiba ()
Additional contact information
Scott Below: East Carolina University
Eli Beracha: Florida International University
Hilla Skiba: University of Wyoming

Journal of Real Estate Research, 2015, vol. 37, issue 4, 499-536

Abstract: This paper studies the extent to which coastal land erosion is capitalized into the value of waterfront residential properties in an area where continuous land erosion has been identified and well-documented. Our results suggest that the rate of land erosion negatively affects coastal residential property values. However, the negative effect of land erosion on transaction prices is only evident when the ratio of the property’s distance from the shore to the rate of erosion is sufficiently low. Moreover, we provide evidence that nonlocal buyers pay a premium for properties, which is correlated with levels of income, education and housing prices at their origin.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol37n04/9851-02.499_536.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:37:n:4:2015:p:499-536

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Series data maintained by JRER Graduate Assistant/Webmaster ().

 
Page updated 2017-09-29
Handle: RePEc:jre:issued:v:37:n:4:2015:p:499-536