Trapped in one's own home: Worries and problems associated with mortgages in the Groningen earthquake region. A survey of the members of the Groninger Bodem Beweging

George de Kam, Jelte van den Broek, Jordi van Maanen

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Abstract

This survey (N= 516) with additional interviews (N = 15) reviews the worries and problems of home-owner with a mortgage in the area of Groningen (The Netherlands) that is affected by induced earthquakes, caused by gas-extraction. The negative impacts of earthquakes on the housing market (longer time on the market, lower transactionprices, sometimes properties can not be sold at all) result in higher Loan to Value rates, and problems with getting additional of prolongated loans. The chance that problems are reported is higher for damaged houses, and it also relates to type of loan and age.
Translated title of the contributionTrapped in one's own home: Worries and problems associated with mortgages in the Groningen earthquake region. A survey of the members of the Groninger Bodem Beweging
Original languageDutch
Place of PublicationGroningen
PublisherRUG - Faculty of Spatial Sciences
Number of pages119
Publication statusPublished - 10-Jan-2018

Publication series

NameURSI Research Report
PublisherRijksuniversiteit Groningen, Faculteit Ruimtelijke Wetenschappen
Volume363

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