The effects of subsidised flood insurance on real estate markets
BankUnderground
FEBRUARY 9, 2023
million properties built before 2002 and sold multiple times. In our regression, we interact this flood exposure with a binary variable capturing the time period when Flood Re was operating. We employ a ‘repeat sales approach’ examining only those 1.5 Specifically, we regress the change in property price on their exposure to flooding.
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