Study on Heavy Rain and Real Estate - Headed by Prof. Steininger
Heavy rain as a social risk factor – an empirical analysis for the real estate market
The research project “Heavy rain as a social risk factor – an empirical analysis for the real estate market” is currently being carried out by the Department of Real Estate Finance under the direction of Prof. Dr. Bertram Steininger. The project is supported by the RWTH Start-Up.
Apart from in the proximity of big rivers, the risk perception regarding the dangers posed by flooding is usually low among real estate consumers. Torrents that are caused by heavy precipitation can appear out of nowhere almost anywhere. This study aims to make a quantitative contribution in order to fill in the research gap that exists in this area concerning the effects of heavy precipitation on real estate development. The goal is to make a significant contribution that will serve to provide information for investors and real estate consumers, as well as to support precautionary measures within flood management with regard to building, risk and information from a real estate perspective - and consequently to shape the market with regard to heavy rain events in a way that is more transparent for all stakeholders.