Tracking the short term impact of floods on residential property markets

Chris Eves

ERES from European Real Estate Society (ERES)

Abstract: A major flood event has both short and long term impacts on residential property markets. Depending on the severity of the flood, flood height and the time taken for the water to recede, there will be varying impacts on the residential property market from both a sales and a rental perspective. This paper tracks the residential property markets across both flood free and flood prone suburbs of Brisbane prior to and following the 2011 floods. Trends in relation to property sales listings, property rental listings and property sales are tracked and compared on the basis of suburbs that experienced flooding and those that were flood free. A more detailed analysis will also show the more direct impact of flooded streets compared to non flooded streets in the same location

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2011-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2011_48

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