Abstract
In Japan, to prepare for a large earthquake that may occur in the near future, it is an issue to promote earthquake resistance of
buildings. However, it is pointed out that consumers' interest in the earthquake resistance is low. And market response to
information disclosure on earthquake retrofit has not been fully verified. We estimate the effect of earthquake retrofit on housing
rents and prices for apartment buildings of Tokyo metropolitan area while focusing on the preference of tenants and buyers. As a
result, we find that housing rents are significantly rising by earthquake retrofit. This result shows the tenants are evaluating the
earthquake resistance.
