Naoi, Michio; Sumita, Kazuto; Seko, Miki - In: International Real Estate Review 13 (2010) 2, pp. 117-133
The relationships between seismic risk and rental and owner- occupied housing prices in the whole of Japan are examined. The empirical results from hedonic regressions with earthquake risk indices suggest that: (1) earthquake occurrence probability has a significantly negative effect on monthly...