IMPACT OF WILDFIRES AND FLOODS ON PROPERTY VALUES: A BEFORE AND AFTER ANALYSIS

2016 ◽  
Vol 61 (01) ◽  
pp. 1640002 ◽  
Author(s):  
WASANTHA ATHUKORALA ◽  
WADE MARTIN ◽  
PRASAD NEELAWALA ◽  
DARSHANA RAJAPAKSA ◽  
CLEVO WILSON
Keyword(s):  
Natural Disasters ◽  
Natural Disaster ◽  
House Prices ◽  
Property Values ◽  
Policy Decision ◽  
Control Site ◽  
Property Market ◽  
Park Avenue ◽  
Before And After ◽  
The Impact

One of the most evident casualties of a natural disaster is the property market. The private and social costs from such events run into millions of dollars. In this paper, we use a unique dataset to examine the impact on residential house prices affected by natural disasters using a hedonic property (HP) values approach. For this purpose, we use data before and after a wildfire and floods from Rockhampton in central Queensland, Australia. The data is unique because one suburb was affected by wildfires and another was affected by floods. For the analysis, three suburbs namely Frenchville, Park Avenue and Norman Gardens are used. Frenchville was significantly affected by wildfires in the latter part of 2009 and to a lesser extent in 2012, while Park Avenue was affected by floods at the end of 2010, January 2011–2013. Norman Gardens, which was relatively unaffected, is used as a control site. This enables us to examine the before and after effects on property values in the three suburbs. The results confirm that soon after a natural disaster property prices in affected areas decrease even though the large majority of individual houses remain unaffected. Furthermore, the results indicate that the largely unaffected suburb may gain immediately after a natural disaster but this gain may disappear if natural disasters continue to occur in the area/region due to the stigma created. The results have several important policy decision and welfare implications which are briefly discussed in the paper.

Using GIS to measure the impact of the Canterbury earthquakes on house prices in Christchurch, NZ

2017 ◽  
Vol 8 (02) ◽  
pp. 123-138
Author(s):  
Sandy Bond ◽  
Sofia Dermisi
Keyword(s):  
House Prices ◽  
Property Market ◽  
Sale Price ◽  
Hotspot Analysis ◽  
Data Set ◽  
Content Type ◽  
Insurance Cover ◽  
Price Impacts ◽  
Before And After ◽  
The Impact

Purpose Canterbury, New Zealand, experienced two significant earthquakes in 2010 and 2011 with a devastating impact on both houses and land. Negative media attention to the potential financial risks of living near or on the new Technical Category 3 (TC3) land or on land in a flood zone has fuelled the perception of uncertainty over the negative property price impacts. This research aims to determine if residents’ perceptions of the risks associated with various types of land zones (e.g. TC1, TC2 and TC3) are reflected in property prices. Design/methodology/approach This research analyses sale price patterns and the relationship between sale prices and house characteristics before and after both earthquakes. A three-step approach was taken by applying: an average trend analysis, Geographic Information Systems’ (GIS) hotspot analysis to identify possible spatial differentiations between the before and after-effects of the earthquakes and hedonic modelling to quantify the effect of house characteristics on sale price while controlling for and comparing three land zones (TC1 to TC3). Findings The data suggest that average sale prices increased after both quakes in TC1 and TC2 in contrast to TC3 zones, while close to 8,000 structures were demolished in red zones from 2010-2013 (supply was reduced). The econometric modelling suggests that higher sale prices are achieved by: newer houses across all land zones and more recent sale agreements only in TC1 and TC2 zones. Other observations include the effect of certain exterior façade materials on sale prices on the overall data set and in the individual TC1 and TC3 zones. In conclusion, the results suggest that although caution might exist for the TC3 zone, the quality of the house can override the stigma attached to the TC3 zones. Research limitations/implications A confounding factor in the research was that approximately 7,800 homes were rezoned red and/or demolished between 2010 and 2013 changing the supply and demand balance. Further, banks and other lenders updated their requirements for new lending on properties in the Canterbury region, requiring a number of reports from professionals such as structural engineers, geotechnical engineers and valuers before any new lending would be approved. Additionally, immediately after the September and February earthquakes, there was a 21-day stand-down period for earthquake-cover in Canterbury and without adequate insurance cover banks would not advance mortgage money, causing a short-term slowdown in the residential property market. Practical/implications The outcomes of this research will be of interest to government agencies tasked with assessing compensation for affected property owners. For example, the Earthquake Commission (EQC) developed a Diminution of Value Methodology for Increased Flooding Vulnerability that formed the basis of a High Court declaratory judgment decision in December 2014 that cleared the way for the EQC to start settling properties with increased flooding vulnerability. The EQC methodology was informed by the results of similar studies to this one, from around the world. Homeowners and rating valuers will also be interested in the results to understand how house prices have been affected by market perceptions towards earthquake damage, particularly in the worst-affected areas. Originality/value This study fills a research void regarding the price impacts of residents’ perceptions of the risks associated with various types of land zones that reflect the expected future liquefaction performance of the land.

scholarly journals Do Long-Term Natural Disasters Influence Social Trust? Empirical Evidence from China

2021 ◽  
Vol 18 (14) ◽  
pp. 7280
Author(s):  
Yao Li ◽  
Haoyang Li ◽  
Jianqing Ruan
Keyword(s):  
Natural Disasters ◽  
Natural Disaster ◽  
Social Trust ◽  
Geographical Location ◽  
Household Survey ◽  
Flood Frequency ◽  
Psychological Characteristics ◽  
The North ◽  
The Impact

The natural environment is one of the most critical factors that profoundly influences human races. Natural disasters may have enormous effects on individual psychological characteristics. Using China’s long-term historical natural disaster dataset from 1470 to 2000 and data from a household survey in 2012, we explore whether long-term natural disasters affect social trust. We find that there is a statistically significant positive relationship between long-term natural disaster frequency and social trust. We further examine the impact of long-term natural disaster frequency on social trust in specific groups of people. Social trust in neighbors and doctors is stronger where long-term natural disasters are more frequent. Our results are robust after we considering the geographical difference. The effect of long-term natural disasters remains positively significant after we divide the samples based on geographical location. Interestingly, the impact of long-term flood frequency is only significant in the South and the impact of long-term drought frequency is only significant in the North.

scholarly journals PENGALAMAN KELUARGA MENGHADAPI TRAUMA PASCA BENCANA ALAM DI KAMPUNG LEBO KECAMATAN MANGANITU

2021 ◽  
Vol 5 (1) ◽  
pp. 23-30
Author(s):  
Yenny Budiman Makahaghi ◽  
Conny Juliana Surudani
Keyword(s):  
Data Analysis ◽  
Natural Disasters ◽  
Natural Disaster ◽  
Psychological Burden ◽  
Economic Changes ◽  
Analysis Technique ◽  
The Family ◽  
The Will ◽  
The Impact ◽  
Depth Interviews

Bencana tidak bisa lepas dari siapapun jika sudah kehendak sang kuasa pasti akan terjadi, dan keluarga yang mengalami dampak dari bencana alam ini harus bisa menerima setiap kenyataan hidup yang sudah terjadi. Bencana alam yang dialami membuat keluarga kehilangan rumah, harta benda bahkan anggota keluarga yang sangat dikasihi. Pengalaman yang sangat menyakitkan ini adalah bagian dari kehidupan yang harus dijalani pasca bencana alam. Tujuan dari penelitian ini adalah untuk menguraikan pengalaman keluarga menghadapi bencana alam di kampung Lebo. Metode: penelitian ini menggunakan metode penelitian kualitatif fenomenologi dengan teknik wawancara mendalam kepada 6 keluarga yang terdampak bencana alam di Kampung Lebo Kecamatan Manganitu. Analisis data yang digunakan mengacu pada tujuh langkah teknik analisis data collaizi. Hasil: Penelitian ini menunjukkan keluarga merasakan dampak trauma pasca bencana alam sehingga ditemukan tujuh tema besar yaitu 1) Tanda awal bencana, 2) Respon terhadap banjir, 3) Beban psikologi 4) Jenis dukungan, 5) Beban ekonomi, 6) Makna setelah terjadi bencana, 7) Harapan untuk Lebo. Tujuh tema tersebut saling berhubungan satu dengan yang lain dan merupakan pengalaman hidup partisipan menghadapi pasca trauma bencana alam. Kesimpulan:  Akibat dari kejadian ini menyebabkan keluarga mengalami beban psikologi karena kehilangan barang berharga. Meskipun sulit menerima kenyataan harus kehilangan yang orang yang dikasihi serta benda berharga tetapi dukungan yang selalu datang dari berbagai pihak sehingga keluarga mengurangi beban yang dialami. Dengan kejadian ini keluarga mengalami perubahan ekonomi dalam memenuhi kebutuhan sehari-hari. Melalui kejadian ini keluarga menyadari bahwa ini kehendak sang pencipta sehingga harapan kedepan bencana alam ini tidak akan terjadi lagi di kampung.   Disasters cannot be separated from anyone if the power has the will of it, it will definitely happen, and families who experience the impact of this natural disaster must be able to accept it. The natural disasters experienced have made families lose their homes, property and even loved family members. This painful experience is a part of life that must be lived after a natural disaster. The purpose of this study is to describe the experiences of families facing natural disasters in Lebo village. Methods: This study used a phenomenological qualitative research method with in-depth interviews with 6 (six) families affected by natural disasters in Lebo Village, Manganitu District. The data analysis used refers to the seven steps of the Collaizi data analysis technique. Results: Those study showed that families feel the impact of trauma after natural disasters so that seven major themes were found, 1) Early signs of disaster, 2) Response to flood, 3) Psychological burden 4) Types of support, 5) Economic burden, 6) Meaning after a disaster, 7) Hope for Lebo. The seven themes were interconnected with one another and represent the life experiences of the participant in dealing with natural disasters. Conclusion: The consequences of those incident caused the family to experience a psychological burden due to the loss of valuables. Even though it was difficult to accept the fact that you were lose loved ones and valuable objects, support always come from all people so that the family could reduces the burden experienced. With this incident the family experienced economic changes in meeting their daily needs. Through those incident the family realized those was the creator's will so that in the future this natural disaster would not happen again in the Lebo village.

scholarly journals Evaluation Accessibility Musamus University Lecture Building The Architecture Department To The Building Standard

2021 ◽  
Vol 328 ◽  
pp. 10022
Author(s):  
Biatma Syanjayanta ◽  
Reyvaldi C. Joenso
Keyword(s):  
Natural Disasters ◽  
Natural Disaster ◽  
Physical Condition ◽  
Public Services ◽  
Lecture Hall ◽  
Technical Standard ◽  
Safety Requirements ◽  
The Government ◽  
The Impact

In terms of the building development construction or space with the designation as activity place and mass facility, it must comply with the rules of standards safety, security, convenience and comfort building as well as standards requairement. Accessibility in a building is very important, especially the building as a place of activity or public services, such as a lecture hall building which of course will accommodate a large number of people. For those reasons a good planing that can meet the security and safety requirements in the building itself from the impact of unwanted natural disasters. This study evaluates the existing condition of accessibility in the lecture building of the architecture department of the Musamus University of Merauke. The results of this study are the results of measurements and assessments of the physical condition of the building against the technical standard regulations that have been set by the government, the building of the lecture hall building for the architecture department of Musamus University is in a condition that does not meet these requirements. So, if a natural disaster, earthquake or fire occurs, it will cause injuries and even death.

scholarly journals The Impact of Natural Disaster on Mental Health of Victims Lives: Systematic Review

2020 ◽  
Vol 2 (3) ◽  
pp. 65-85
Author(s):  
Kristia Novia ◽  
Tita Hariyanti ◽  
Laily Yuliatun
Keyword(s):  
Mental Health ◽  
Systematic Review ◽  
Natural Disasters ◽  
Natural Disaster ◽  
Post Traumatic Stress Disorder ◽  
Traumatic Stress ◽  
Stress Disorder ◽  
Post Traumatic Stress ◽  
Post Traumatic ◽  
The Impact

Natural disasters are still a matter of the world until today. The events pose not only physical impact but also psychological impacts that leave deep sorrow and fear. The survivors of the disaster felt they were at a very unsettled condition, felt very fearful, felt agitated for uncertain circumstances, and became very easily panicked until they could experience anxiety, depression, and post-traumatic stress disorder (PTSD). This systematic review aims to identify the impact–effects often posed by natural disasters on the soul health of survivors. Data searching is done on the Proquest, Pubmed, Science Direct, Sage, and Scopus databases that were converged in the 2013 to 2019 ranges. The psychological impact experienced by the victims after natural disaster events are depression, post-traumatic stress disorder (PTSD), fear, suicide experiments, and other mental health disorders such as mood changes and a loss of interest in an activity. Natural disasters can hurt the mental health of the victims. If the psychological problems that occur to the victims are not immediately addressed, the victims will fall on more mental severe disorder conditions.

scholarly journals The Impact of Financial Preparation and Disaster Experience on Households’ Disaster Risk Perception: Empirical Evidence from Quang Binh Province, Vietnam

2021 ◽  
Vol 8 (5) ◽  
pp. 344-356
Author(s):  
Tam T. Le ◽  
Trang T.H. Thai ◽  
Thao P. Do
Keyword(s):  
Risk Perception ◽  
Natural Disasters ◽  
Natural Disaster ◽  
Negative Impact ◽  
Positive Impact ◽  
Disaster Risk ◽  
Disaster Experience ◽  
Financial Preparation ◽  
Natural Disaster Risk ◽  
The Impact

This paper is aimed at analysing the impacts of financial preparation and disaster experience on households’ disaster risk perception, including perceptions of likelihood and severity in Quang Binh Province of Vietnam, one of the areas strongly affected by natural disasters and climate change. With the data from direct surveying 308 households in Quang Binh province, the research methodology includes Cronbach’s Alpha, EFA and OLS regression models. The key findings are: First, disaster experience has positive impact on natural disaster risk perception. Second, financial preparation has negative impact on natural disaster risk perception. Third, the risk of natural disasters in Quang Binh Province are increasing and unpredictable due to rapid economic growth and urbanization. This fact requires the Government, provincial commitees, and stakeholders to go beyond traditional coping methods, implement more customized policies and specific actions to try to reduce the risks of natural disasters. Keywords: disaster risk, disaster risk perception, financial preparation, disaster experience.

scholarly journals The impact of natural disasters on the spread of COVID-19: a geospatial, agent-based epidemiology model

2021 ◽  
Vol 18 (1) ◽  
Author(s):  
Maximillian Van Wyk de Vries ◽  
Lekaashree Rambabu
Keyword(s):  
Infectious Diseases ◽  
Natural Disasters ◽  
Human Health ◽  
Natural Disaster ◽  
Potential Effect ◽  
Agent Based ◽  
Median Increase ◽  
Global Pandemic ◽  
Disaster Scenario ◽  
The Impact

Abstract Background Natural disasters and infectious diseases result in widespread disruption to human health and livelihood. At the scale of a global pandemic, the co-occurrence of natural disasters is inevitable. However, the impact of natural disasters on the spread of COVID-19 has not been extensively evaluated through epidemiological modelling. Methods We create an agent-based epidemiology model based on COVID-19 clinical, epidemiological, and geographic data. We first model 35 scenarios with varying natural disaster timing and duration for a COVID-19 outbreak in a theoretical region. We then evaluate the potential effect of an eruption of Vesuvius volcano on the spread of COVID-19 in Campania, Italy. Results In a majority of cases, the occurrence of a natural disaster increases the number of disease related fatalities. For a natural disaster fifty days after infection onset, the median increase in fatalities is 2, 59, and 180% for a 2, 14, and 31-day long natural disaster respectively, when compared to the no natural disaster scenario. For the Campania case, the median increase in fatalities is 1.1 and 2.4 additional fatalities per 100,000 for eruptions on day 1 and 100 respectively, and 60.0 additional fatalities per 100,000 for an eruption close to the peak in infections (day 50). Conclusion Our results show that the occurrence of a natural disaster in most cases leads to an increase in infection related fatalities, with wide variance in possible outcomes depending on the timing of the natural disaster relative to the peak in infections and the duration of the natural disaster.

scholarly journals Experiencing a Natural Disaster Accelerates Aging of the Immune System

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 679-679
Author(s):  
Marina Watowich ◽  
Kenneth Chiou ◽  
Michael Montague ◽  
Melween Martínez ◽  
James Higham ◽  
...  
Keyword(s):  
Gene Expression ◽  
Immune System ◽  
Natural Disasters ◽  
Natural Disaster ◽  
Immune Cell ◽  
Rhesus Macaques ◽  
Exact Test ◽  
Human Lifespan ◽  
Cell Gene Expression ◽  
The Impact

Abstract Extreme adverse events such as natural disasters can accelerate disease progression and promote chronic inflammation. These phenotypes also increase in prevalence with age, suggesting that experiencing adversity might accelerate aging of the immune system. Adversity can induce persistent gene regulatory changes which may mechanistically explain the immune similarities between aging and adversity. To test how immune system aging is accelerated following a natural disaster, we measured the impact of Hurricane Maria on peripheral blood immune cell gene expression in a population of free-ranging rhesus macaques (Macaca mulatta) from before (n=435) versus after (n=108) Hurricane Maria. Experiencing Hurricane Maria altered the expression of 260 genes (FDR<10%), which were primarily involved in the inflammatory response. There was significant overlap in these hurricane-affected and age-associated genes with 40% (n=104) being associated with both the hurricane and aging, more than double the expected amount (Fisher’s Exact Test OR=3.7, p=4.06 x 10–21). The effects of the hurricane and aging on gene expression were also significantly correlated (rho=0.23, p=1.33 x 10-84), suggesting that they alter similar molecular pathways in the immune system. Further, we found that animals that experienced the hurricane had a gene expression profile that was, on average, 1.6 years older than animals that did not experience the hurricane (the equivalent of 6–7 years in a human lifespan, p=0.003). Together, our results provide some of the first evidence that extreme natural disasters mechanistically accelerates aging in the immune system.

scholarly journals International Real Estate Review

2020 ◽  
Vol 23 (2) ◽  
pp. 189-210
Author(s):  
Nicholas Apergis ◽  
Keyword(s):  
Natural Disasters ◽  
Negative Impact ◽  
House Prices ◽  
Panel Regression ◽  
Quantitative Easing ◽  
Real Economy ◽  
Climate Change Effects ◽  
Lower House ◽  
Mitigate Climate Change ◽  
The Impact

Given that the literature on the impact of natural disasters on house prices is highly limited, this paper combines data on natural disasters and house prices from 117 countries, which span the period 2000-2018 and a panel regression method to estimate the effects of natural disasters on house prices. The findings document that natural disasters lead to lower house prices, with the results surviving a number of robustness tests. When examining the impacts of natural disasters by type, the findings highlight that geological disasters exert the strongest (negative) impact on house prices. The results also illustrate the negative impact of those disasters on house prices when also taking the distinction between small and large disasters into account. The findings provide important implications for policymakers and property investors. Lower house prices in countries that experience natural disasters events could significantly signify lower consumption and investment (the wealth effect), with further negative spillovers to the real economy. Economic policymakers could implement low-tax policies or quantitative easing schemes to support these areas/countries. The findings exemplify the need for governments and policymakers to mitigate climate change effects on housing by adopting new and more environmentally friendly technologies and energy sources.

The Impact of Shuttered Golf Courses on Property Values

2019 ◽  
Vol 11 (1) ◽  
pp. 2-15 ◽  
Author(s):  
Stephanie R. Yates ◽  
Lary B. Cowart
Keyword(s):  
Property Values ◽  
Golf Course ◽  
Golf Courses ◽  
Home Prices ◽  
Before And After ◽  
Shelby County ◽  
Specific Factors ◽  
The Difference ◽  
Home Values ◽  
The Impact

We measure the impact of a golf course as a residential amenity on surrounding home values in several communities in Shelby County, Alabama. We compare the values of homes in golf course communities (GCCs) and non-golf course communities, as well as the values of homes within these communities before and after the golf course closes. Using a methodology similar to Bond, Seiler, and Seiler (2002), we examine the sales prices of homes within GCCs both before and after a golf course closure to see how the closure affects the sales prices of homes and test for the significance of that difference. We calculate the difference in value for homes in GCCs before and after the golf course is closed and test for the significance of that difference. We estimate the degree to which specific factors explain the variance in home prices in these communities before and after the golf course closed. We find that homes in GCCs sell at a 9% premium compared to homes in non-GCCs. We also find that home prices in GCCs decrease by 17% after the related golf course closes; home prices for properties adjacent to a golf course diminish as well.

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