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The evolution of energy efficiency impact on housing prices: an analysis for Metropolitan Barcelona ; La evolución del impacto de la eficiencia energética en los precios residenciales: un análisis para la Barcelona Metropolitana
The Energy Performance of Buildings Directive has it made mandatory to include an energy performance certificate (EPC) on real estate advertisements so as to promote efficient properties. Previous research has found a positive correlation between residential prices and EPC’s energy ranks; nonetheless, the analysis of the evolution of such impact for the same market is still pending. This paper tries to shed light on this issue by analyzing the evolution of prices of the second largest urban agglomeration in Spain. In doing so, a pooled hedonic model is carried out departing from selling listing prices of apartments and a set of locative control variables. Results suggest that in a short period the energy premium for multifamily houses has positively evolved. As a result, a sharped market differentiation arises between inefficient and energy saving dwellings. Such findings have significant implications for the construction and real estate industry, since higher selling prices may compensate for higher building costs coming from energy efficient technologies. ; Peer Reviewed ; Postprint (published version)
The evolution of energy efficiency impact on housing prices: an analysis for Metropolitan Barcelona ; La evolución del impacto de la eficiencia energética en los precios residenciales: un análisis para la Barcelona Metropolitana
The Energy Performance of Buildings Directive has it made mandatory to include an energy performance certificate (EPC) on real estate advertisements so as to promote efficient properties. Previous research has found a positive correlation between residential prices and EPC’s energy ranks; nonetheless, the analysis of the evolution of such impact for the same market is still pending. This paper tries to shed light on this issue by analyzing the evolution of prices of the second largest urban agglomeration in Spain. In doing so, a pooled hedonic model is carried out departing from selling listing prices of apartments and a set of locative control variables. Results suggest that in a short period the energy premium for multifamily houses has positively evolved. As a result, a sharped market differentiation arises between inefficient and energy saving dwellings. Such findings have significant implications for the construction and real estate industry, since higher selling prices may compensate for higher building costs coming from energy efficient technologies. ; Peer Reviewed ; Postprint (published version)
The evolution of energy efficiency impact on housing prices: an analysis for Metropolitan Barcelona ; La evolución del impacto de la eficiencia energética en los precios residenciales: un análisis para la Barcelona Metropolitana
01.01.2019
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Energy efficiency , Sustainable architecture , Àrees temàtiques de la UPC::Energies::Eficiència energètica , Àrees temàtiques de la UPC::Arquitectura::Arquitectura sostenible , Àrees temàtiques de la UPC::Arquitectura , Energy conservation , Energy performance certificates , Arquitectura sostenible , Barcelona , Real estate valuation , Edificis -- Consum d'energia , Energia -- Estalvi , Hedonic price models
DDC:
690
Revestimiento de mortero termocrómico en fachada: impacto en la eficiencia energética del edificio
DOAJ | 2020
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