Impacts of Climate Change on Second Home Property Values in the Swedish Mountain

• Climate change has and will have its impacts on the tourism industry, especially where weather-dependent amenities constitute the key attractions. In this study, our aim is to assess the impacts of climate change on existing and proposed second homes in and around ski resorts in the Swedish mountains, which are determined as among the most attractive locations for such development. It is thought that, along with climate change induced natural disasters and phenomena such as landslides, avalanches, floods and permafrost thaw, property value loss (or gain) is a major climate change impact that needs to be considered in conjunction with the vulnerability of skiing-based second homes and their immediate and wider regions. For this purpose, firstly, corresponding (and lagged) states of the ski climate are treated as estimators for second home sales prices for the 2000-2016 period and, secondly, the quantified relationship is simulated according to future climate projections, based on data available from the Swedish Meteorological and Hydrological Institute. The results are mapped in terms of existing and potential skiing-based second home regions, the latter with a certain focus on the "winners", and according to different representative concentration pathways.

Subject headings

SAMHÄLLSVETENSKAP  -- Social och ekonomisk geografi -- Ekonomisk geografi (hsv//swe)

SOCIAL SCIENCES  -- Social and Economic Geography -- Economic Geography (hsv//eng)

Publication and Content Type

ref (subject category)

kon (subject category)