Earthquakes caused by natural gas extraction generate house price decreases

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Description

Earthquakes in the northern parts of the Netherlands generate notable house price decreases. In a new study, economists Hans Koster and Jos van Ommeren from VU University Amsterdam, the Netherlands, have analysed the negative economic effects for homeowners of earthquakes induced by gas extraction. Earthquakes with a magnitude above 2.2 are shown to generate house price decreases of about USD 2750.

Period24 Mar 2015

Media contributions

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Media contributions

  • TitleEarthquakes caused by natural gas extraction generate house price decreases
    Media name/outletEurekaAlert
    Media typeWeb
    Country/TerritoryNetherlands
    Date24/03/15
    DescriptionEarthquakes in the northern parts of the Netherlands generate notable house price decreases. In a new study, economists Hans Koster and Jos van Ommeren from VU University Amsterdam, the Netherlands, have analysed the negative economic effects for homeowners of earthquakes induced by gas extraction. Earthquakes with a magnitude above 2.2 are shown to generate house price decreases of about USD 2750.
    Producer/AuthorEurekaAlert
    URLhttps://www.eurekalert.org/news-releases/683998
    PersonsHans Koster, Jos van Ommeren
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