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dc.contributor.authorÖnder, Z.en_US
dc.contributor.authorDökmeci, V.en_US
dc.contributor.authorKeskin, B.en_US
dc.date.accessioned2016-02-08T10:28:00Z
dc.date.available2016-02-08T10:28:00Z
dc.date.issued2004en_US
dc.identifier.issn0927-7544
dc.identifier.urihttp://hdl.handle.net/11693/24349
dc.description.abstractThis 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.en_US
dc.language.isoEnglishen_US
dc.source.titleJournal of Real Estate Literatureen_US
dc.titleThe impact of public perception of earthquake risk on Istanbul's housing marketen_US
dc.typeArticleen_US
dc.departmentDepartment of Managementen_US
dc.citation.spage181en_US
dc.citation.epage194en_US
dc.citation.volumeNumber12en_US
dc.citation.issueNumber2en_US
dc.publisherFlorida International University, Hollo School of Real Estateen_US
dc.publisher1573-8809 (online)en_US


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