Earthquakes caused by natural gas extraction generate house price decreases

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. —> Read More