Short- and mid-term effects of the September 19 earthquake in Mexico city on the housing market

Pulido, José Alberto Lara; Martelo, Camilo Arias; Quiroga, Carmina Isabel Jiménez; Soloaga, Isidro; Sánchez, Miguel Uribe; Sanguinés, Alejandro Guevara

doi:10.1016/j.ijdrr.2022.103178

Cited by 3 publications

(2 citation statements)

References 16 publications

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“…They involve matters such as dysfunctional building regulations (Fakunle et al, 2020) and distrust in the criminal justice system (Van Damme & Pauwels, 2012). Lastly, environmental crises emerge from natural systems as natural hazards such as floods (Brody et al, 2008), earthquakes (Lara-Pulido et al, 2022), wildfires (Mockrin et al, 2020) and climate change-related disruptions (Al-Humaiqani & Al-Ghamdi, 2022). They can be also human-induced phenomena such as extensive soil erosion (e.g., Pimentel, 2006).…”

Section: On Concept and Emergence Of Crisesmentioning

confidence: 99%

“…For instance, material damage can lower the value of RE due to poor condition, but, after the direct physical destruction, there may also be significant economic impacts on RE market participants through debris removal and infrastructure restoration (Lindell, 2013). Furthermore, studies on seismic risks highlight that even the possibility of earthquake impacts housing values (Keskin et al, 2017;Lara-Pulido et al, 2022). According to Baen (2003), in addition to the immediate impacts, the 9/11 terrorist attacks had longer-term consequence for RE via higher operating costs due to additional security and insurance requirements in case of further attacks.…”

Section: On Crisis Impacts On Real Estatementioning

confidence: 99%

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Evading Danger: The Crisis Impact Framework for Real Estate

Tähtinen,

Toivonen,

Rashidfarokhi

2023

International Journal of Strategic Property Management

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With continuing urbanisation, real estate (RE) has become increasingly important in crisis management. The field of crisis research is still fragmented, especially in the RE context and focuses on the retrospective analysis of single crisis events. This qualitative, futures studies–based paper aims to build a more holistic, foresight-driven understanding of how diverse crises affect RE. It identifies 128 possible future crises from a societal perspective and adopts a novel method in the field, the Futures Wheel, to collect the views of 179 practicing and academic experts via 58 multidisciplinary workshops to analyse the impacts of the identified crises. From this analysis emerged the Crisis Impact Framework for Real Estate, which includes 23 impact themes that synthesise the variety of direct and indirect crisis impacts on RE’s hard elements (e.g. the physical condition of materials) and soft elements (e.g. economic value changes). This study contributes an integrated and foresight-driven perspective to the existing research literature. The framework can assist RE market participants in preparing and assessing critical elements of RE before, during and after crisis impacts have manifested and can help spatial planners, investors and RE managers to reflect in a more multidimensional manner on their vulnerabilities and crisis preparedness.

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Section: On Concept and Emergence Of Crisesmentioning

confidence: 99%

Section: On Crisis Impacts On Real Estatementioning

confidence: 99%

Evading Danger: The Crisis Impact Framework for Real Estate

Tähtinen,

Toivonen,

Rashidfarokhi

2023

International Journal of Strategic Property Management

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Three decades of house purchase decisions: a scoping review and thematic classification

Abhang

Kumar

2023

IJHMA

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Purpose This study aims to develop a database of existing academic information in house purchase decision (HPD) using systematic literature review (SLR), to facilitate worldwide advancement of research under HPD domain. Design/methodology/approach This research examined papers from two reputable databases – Scopus and Google Scholar – from 1992 to 2022 using a scoping review technique (Arksey and O’Malley, 2005) and a theme analysis method. Out of 374, 181 articles fit the inclusion parameters and were evaluated using the theme analysis approach. Findings Data from 181 articles was evaluated thematically to create a thematic map of HPD research. Five main themes and their sub-themes were identified: consumer behaviour, housing attributes, factors influencing purchasing decisions, investment analysis and demographics, which proved essential in understanding HPD and customer preferences for house purchase. Practical implications Data from 181 articles were evaluated thematically to create a thematic map of HPD research. This SLR intends to provide useful new insights on consumer concerns about home purchases in the rapidly developing residential real estate market and the issues that marketers, housing sector stakeholders, real estate industry and existing and future researchers should prioritize. Originality/value This research is unique such that it is the only 30-year-long SLR on the subject matter of HPD. This paper makes a significant contribution to residential real estate domain signifying the present state of research in HPD.

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Earthquake and house prices relationship: Analyses for Istanbul and Izmir in terms of eathquake resistance

TÜRKCAN,

HUYUGÜZEL KIŞLA,

BUCAK

2023

Türk Coğrafya Dergisi

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Deprem, zamanı ve şiddeti önceden kesin olarak belirlenemeyen, ani ve yıkıcı sonuçları ile maruz kalan insanların hayatını, gerçekleştiği coğrafyayı ve ekonomiyi doğrudan etkileyen bir doğal afet olarak insanlık tarihinde daima büyük etkilere ve öneme sahip olmuştur. Tarihsel süreçte Türkiye coğrafyası da büyük ve yıkıcı depremlere sahne olmuş, günümüzde ülkemiz bir deprem ülkesi olarak nitelendirilmeye başlamıştır. Bu gerçekten yola çıkarak hazırlanan bu çalışmada amaç, bir deprem ülkesi olan Türkiye’nin iki büyük metropolü olan İstanbul ve İzmir’de konutların depreme dayanıklılığının konut fiyatları üzerindeki etkisini analiz etmektir. Bu amaçla hazırlanan çalışmanın birinci bölümünde deprem ve konut piyasası ilişkisine yer verilmektedir. Bu bölüm kapsamında iki deprem şehri olan İstanbul ve İzmir’de konutların depreme hazır bulunuşlukları ile konut fiyatlarının ilişkisi incelenmektedir. İkinci bölümde konut fiyatlarının belirleyicileri ile yine bir belirleyici olarak deprem ile ilgili literatür analiz edilmektedir. Son olarak üçüncü bölümde, depreme dayanıklılığın konut fiyatlarına etkilerine dair İstanbul ve İzmir için kesit veri analizlerine yer verilmektedir. Bu bölüm kapsamında, İstanbul’da 380, İzmir’de 280 konutun fiyatları üzerinden değerlendirmeler yapılmaktadır. Elde edilen analiz sonuçlarına göre hem İzmir hem de İstanbul için konut fiyatlarını etkileyen değişkenler şehir merkezine yakınlık, otoparkın varlığı ve denize yakınlık olarak bulunurken; konutların depreme dayanıklılığının konut fiyatları üzerinde anlamlı bir etkisine rastlanmamıştır.

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Short- and mid-term effects of the September 19 earthquake in Mexico city on the housing market

Cited by 3 publications

References 16 publications

Evading Danger: The Crisis Impact Framework for Real Estate

Evading Danger: The Crisis Impact Framework for Real Estate

Three decades of house purchase decisions: a scoping review and thematic classification

Earthquake and house prices relationship: Analyses for Istanbul and Izmir in terms of eathquake resistance

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