Résumé
The paper examines the effect of location in a flooding zone on property prices inthe Ile de France region in France over the period 2002 to 2012. We use unique dataon property transactions from a major European city exploiting the different datesof implementation of special risk zoning regulation as well as the date of implemen-tation of compulsory information disclosure. Using an identification strategy basedon a spatial difference-in-difference specification, the preliminary results indicate thatonce the regulatory zone (PPRi) has been prescribed, the transaction prices for flatsdecrease by approximately 6% in areas that are part of a PPRi at the time of theprescription. No statistically significant effect is found on house prices.