The impact of public perception of earthquake risk on Istanbul's housing market
The impact of public perception of earthquake risk on Istanbul's housing market
复制标题
公众对地震风险的认知对伊斯坦布尔房地产市场的影响
DOI:
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发表时间:
2009
影响因子:
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通讯作者:
B. Keskin
中科院分区:
文献类型:
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作者:
Zeynep Önder;V. Dokmeci;B. Keskin
This paper examines the impact of public perception of earthquake risk on Istanbul's housing market by investigating the spatial distribution of the average house values and the changes in average house prices in Istanbul between 1995 and 2000. Soil type and distance to the fault lines in the Sea of Marmara are used as proxies for public perception of earthquake risk. The results of regression analysis show that distance from fault lines is an important factor in explaining house values and its impact on house values increased after the 1999 Kocaeli earthquake. Furthermore, there is a quadratic relationship between soil type and house values. However, none of the measures of earthquake risk significantly affect the change in house values. These findings suggest that public perception of earthquake risk enhanced and the public information about earthquake hazard had significant impact on house values.